PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0765%/8h= −83.8% APRnext payment −$0.96 per $10,000 · paid last 24h −0.153%

Price spread now: Injective against Polymarket Perps−1.469%111s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Injective is 1.469% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$147 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6058	0.0798	pay 0.0100% / 1h	43m 23s	$46K	$1.6M	3x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	43m 23s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee InjectivebpOrdersPrice spread, now −1.469%Rate

Funding earned: −$160.66
Price spread: −1.469% → 0.000%: −$146.9
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$315.59
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 5 min ago	1.58 bp	8.2 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6048	−0.165%	$240K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	−1.469%	$614	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.6057	−0.025%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6019	−0.651%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6030	−0.477%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6041	−0.286%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6041	−0.291%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6049	−0.157%	$26K	$530K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6058	−0.005%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6048	−0.173%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0176%	1h	0.6038	−0.342%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0206%	4h	0.6057	−0.025%	$13.9M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6055	−0.061%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0252%	4h	0.6052	−0.107%	$18.2M	$30.9M	20x	as long as short
Bitget PONSUSDT	+0.0294%	4h	0.6059	+0.007%	$4.7M	$11.3M	20x	as long as short
Nado PONS-PERP	+0.0300%	1h	0.6058	−0.008%	$71K	$132K	5x	as long as short
Lighter RH PONS	+0.0304%	1h	0.6058	−0.008%	$423K	$2.5M	3x	as long as short
Aster PONSUSDT	+0.0332%	4h	0.6048	−0.169%	$1.1M	$2.0M	20x	as long as short
Lighter PONS	+0.0336%	1h	0.6057	−0.028%	$1.7M	$883K	3x	as long as short
MEXC PONS_USDT	+0.0390%	4h	0.6060	+0.025%	$7.8M	$4.7M	20x	as long as short
BingX PONS-USDT	+0.0390%	4h	0.6056	−0.041%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0392%	1h	0.6054	−0.066%	$250K	$682K	5x	as long as short
Binance PONSUSDT	+0.0402%	4h	0.6060	+0.025%	$39.7M	$95.8M	20x	as long as short
edgeX PONSUSDC	+0.0411%	4h	0.6023	−0.585%	$21K	$293K	10x	as long as short
BloFin PONS-USDT	+0.0646%	4h	0.6065	+0.107%	$1.8M	$984K	20x	as long as short
Gate PONS_USDT	+0.0688%	4h	0.6044	−0.239%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0730%	1h	0.6061	+0.048%	$61.7M	$28.7M	3x	as long as short
Polymarket Perps PONS-USDlong	+0.0798%	1h	0.6058	long leg	$46K	$1.6M	3x
Pacifica PONS	+0.0869%	1h	0.6059	+0.013%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6022	−0.609%	$31K	$107K	3x	as long as short