PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0385%/8h= +42.2% APRnext payment +$0.48 per $10,000 · paid last 24h +0.142%

Price spread now: Polymarket Perps against SoDEX+0.064%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1511.512% of the position

Long on SoDEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.463%+$46 on $10k

Price spread, last 3 days (all we have)−0.311%−$31 · spread now +0.064%, 7d avg +0.003%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Polymarket Perps is 0.061% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.5935	0.0100	pay 0.0013% / 1h	46m 33s	$27K	$547K	3x
Short	Polymarket Perps PONS-USD	0.5938	0.0485	get 0.0061% / 1h	46m 33s	$37K	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. 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 SoDEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.064%Rate

Funding earned: $80.86
Price spread: +0.064% → +0.003%: $6.1
Slippage, 4 orders: −$135.19
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$64.23
Costs to cover: 1.512%
Break-even: 12.6 days

Slippage from SoDEX: live order book, 37 min ago; Polymarket Perps: live order book, 2 min ago.

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 SoDEX live order book, 37 min ago	1.02 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.03 bp	6.8 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit

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 +0.0032% / S −0.0034%	1h	0.5928	−0.110%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.253%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5942	+0.125%	$21K	$432K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5940	+0.091%	$17.7M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5941	+0.108%	$13.5M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5941	+0.101%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5945	+0.167%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	−0.499%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5928	−0.113%	$34K	$343K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5941	+0.116%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5940	+0.088%	—	$1.4M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.5935	long leg	$27K	$547K	3x
HTX PONS-USDT	+0.0100%	4h	0.5939	+0.072%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5931	−0.061%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5936	+0.015%	$370	—	3x	as long as short
Aster PONSUSDT	+0.0143%	4h	0.5936	+0.018%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0160%	1h	0.5942	+0.125%	$106K	$522K	5x	as long as short
MEXC PONS_USDT	+0.0162%	4h	0.5942	+0.125%	$7.5M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0169%	4h	0.5943	+0.142%	$38.6M	$97.7M	20x	as long as short
BingX PONS-USDT	+0.0172%	4h	0.5938	+0.057%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0173%	1h	0.5938	+0.052%	$90K	$103K	5x	as long as short
edgeX PONSUSDC	+0.0188%	4h	0.5917	−0.289%	$21K	$293K	10x	as long as short
Lighter RH PONS	+0.0328%	1h	0.5943	+0.142%	$421K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5934	−0.010%	$1.7M	$975K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5942	+0.129%	$47K	$104K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0485%	1h	0.5938	+0.064%	$37K	$1.8M	3x
Hyperliquid PONS	+0.0599%	1h	0.5944	+0.165%	$59.8M	$30.0M	3x	as long as short
Lighter PONS	+0.0800%	1h	0.5943	+0.143%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1182%	4h	0.5938	+0.057%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5931	−0.054%	$30K	$96K	3x	as long as short