After costs, if the gap returns to its 7d average, $10k−$4
spread now+0.279%7d average−0.001%fees + slippage, in and out−$32spread needed0.319%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6345 | 0.0668 | pay 0.0334% / 4h | 1h 00m | — | $2.9M | — |
| Short | Polymarket Perps PONS-USD | 0.6363 | 0.0570 | get 0.0071% / 1h | 0m 22s | $79K | $1.8M | 3x |
BingX PONS-USDT
Polymarket Perps PONS-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $27.9
- Funding while held
- −$2.93
- Slippage, 4 orders
- −$13.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$6.94
- Spread needed to break even
- 0.319%
Slippage from BingX: live order book, 11 min ago; Polymarket Perps: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0098%
- Per $10,000 a day
- −$2.93
- Average in range /8h
- —
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 BingX live order book, 11 min ago | 0.79 bp | 10.0 bp −$10 | 27.0 bp −$270 | 283.6 bp −$28.4K | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 1.10 bp | 5.2 bp −$5 | 8.6 bp −$86 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
gTrade (Gains Network)0.6338+10.458%
Injective
gTrade (Gains Network)BingX0.6345+10.579%
Bybit0.6346+10.596%Aster0.6352+10.702%Binance0.6353+10.718%Orderly0.6354+10.734%MEXC0.6357+10.788%OKX0.6359+10.823%
Bybit
Aster
Binance
Orderly
MEXC
OKXPolymarket Perps0.6363+10.887%
Bitget0.6363+10.901%Extended0.6364+10.916%KuCoin0.6365+10.924%Popdex0.6366+10.945%Phemex0.6366+10.945%BloFin0.6366+10.945%Hyperliquid0.6367+10.968%SoDEX0.6368+10.971%Nado0.6370+11.013%Pacifica0.6370+11.014%Aevo0.6370+11.014%Lighter RH0.6372+11.054%SunX0.6373+11.070%Gate0.6374+11.084%Variational Omni0.6375+11.102%Lighter0.6376+11.124%edgeX0.6383+11.248%ApeX Omni0.6387+11.309%Phoenix0.6389+11.340%HTX0.6398+11.495%
Bitget
Extended
KuCoin
Popdex
Phemex
BloFin
Hyperliquid
SoDEX
Nado
Pacifica
Aevo
Lighter RH
SunX
Gate
Variational Omni
Lighter
ApeX Omni
Phoenix
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.567% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.109% | L +0.0032% / S −0.0032% | 1h | $227K | — | 150x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0668% | 4h | — | $2.9M | — | |
| Bybit PONSUSDT | +0.016% | +0.0745% | 4h | $20.7M | $26.8M | 20x | as long as short |
| Aster PONSUSDT | +0.112% | +0.0445% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | +0.126% | +0.0639% | 4h | $42.8M | $93.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.140% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| MEXC PONS_USDT | +0.189% | +0.0644% | 4h | $8.2M | $5.0M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.221% | +0.0184% | 4h | $15.1M | $56.9M | 20x | as long as short |
| Polymarket Perps PONS-USDshort | +0.279% | +0.0570% | 1h | $79K | $1.8M | 3x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDT | +0.292% | +0.0600% | 4h | $5.0M | $10.6M | 20x | as long as short |
| Extended PONS-USD | +0.305% | +0.0648% | 1h | $162K | $471K | 5x | as long as short |
| KuCoin PONSUSDTM | +0.312% | +0.0568% | 4h | $1.9M | $2.8M | 20x | as long as short |
| Popdex PONSUSDT | +0.331% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Phemex PONSUSDT | +0.331% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| BloFin PONS-USDT | +0.331% | +0.0885% | 4h | $1.9M | $921K | 20x | as long as short |
| Hyperliquid PONS | +0.353% | +0.1043% | 1h | $64.9M | $26.0M | 3x | as long as short |
| SoDEX PONS-USD | +0.355% | +0.0100% | 1h | $29K | $479K | 3x | as long as short |
| Nado PONS-PERP | +0.393% | +0.0541% | 1h | $117K | $71K | 5x | as long as short |
| Pacifica PONS | +0.394% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
| Aevo PONS-PERP | +0.394% | +0.0240% | 1h | $397 | — | 3x | as long as short |
| Lighter RH PONS | +0.430% | +0.0416% | 1h | $440K | $2.2M | 3x | as long as short |
| SunX PONS-USDT | +0.444% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Gate PONS_USDT | +0.457% | +0.0412% | 4h | $5.7M | $7.4M | 20x | as long as short |
| Variational Omni PONS | +0.473% | +0.0574% | 4h | $1.9M | $3.3M | — | as long as short |
| Lighter PONS | +0.493% | +0.0904% | 1h | $1.8M | $736K | 3x | as long as short |
| edgeX PONSUSDC | +0.606% | +0.0658% | 4h | $22K | $289K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.660% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |
| Phoenix PONS | +0.689% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| HTX PONS-USDT | +0.829% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |