PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0387%/8h= +42.4% APRnext payment +$0.48 per $10,000 · paid last 24h +0.142%

Price spread now: Polymarket Perps against ApeX Omni−0.047%63s7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.957% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.524%+$52 on $10k

Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.047%, 7d avg −0.100%

Together, before fees+0.677%+$68 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 0.053% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.100%. The two prices were read 63 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	ApeX Omni PONSUSDT	0.5997	0.0100	pay 0.0013% / 1h	13m 58s	$35K	$351K	5x
Short	Polymarket Perps PONS-USD	0.5994	0.0487	get 0.0061% / 1h	13m 58s	$37K	$1.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.047%Rate

Funding earned: $81.24
Price spread: −0.047% → −0.100%: $5.31
Slippage, 4 orders: −$77.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$9.12
Costs to cover: 0.957%
Break-even: 7.8 days

Slippage from ApeX Omni: live order book, 3 min ago; Polymarket Perps: live order book, 5 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 ApeX Omni live order book, 3 min ago	28.62 bp	36.3 bp −$36	127.6 bp −$1,276	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.75 bp	5.8 bp −$6	7.2 bp −$72	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 +0.0033% / S −0.0036%	1h	0.5977	−0.328%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.450%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5994	−0.042%	$20K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5983	−0.225%	$17.9M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5984	−0.208%	$13.5M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5986	−0.170%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5988	−0.133%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5983	−0.221%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.5997	long leg	$35K	$351K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5990	−0.103%	$3K	$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	0.5998	+0.025%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5985	−0.198%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5997	0.000%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5982	−0.242%	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDT	+0.0127%	4h	0.5984	−0.217%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5985	−0.192%	$373	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5986	−0.179%	$248K	$667K	5x	as long as short
Binance PONSUSDT	+0.0180%	4h	0.5987	−0.158%	$38.9M	$97.7M	20x	as long as short
MEXC PONS_USDT	+0.0184%	4h	0.5986	−0.175%	$7.8M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0186%	4h	0.5981	−0.258%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0198%	4h	0.5990	−0.109%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.5994	−0.035%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0288%	1h	0.5987	−0.165%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0425%	4h	0.5988	−0.142%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5991	−0.084%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0487%	1h	0.5994	−0.047%	$37K	$1.7M	3x
Lighter PONS	+0.0648%	1h	0.5986	−0.175%	$1.7M	$999K	3x	as long as short
Hyperliquid PONS	+0.0686%	1h	0.5991	−0.095%	$60.6M	$30.2M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5990	−0.110%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1436%	4h	0.5983	−0.225%	$5.2M	$6.5M	20x	as long as short