After costs, if the gap returns to its 7d average, $10k−$36
spread now+0.005%7d average−0.049%fees + slippage, in and out−$42spread needed0.418%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PONS-USDT | 0.5966 | 0.0621 | pay 0.0310% / 4h | 3h 14m | $1.8M | $956K | 20x |
| Short | Polymarket Perps PONS-USD | 0.5966 | 0.0508 | get 0.0063% / 1h | 14m 08s | $54K | $1.8M | 3x |
BloFin 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
- $0.5
- Funding while held
- −$3.38
- Slippage, 4 orders
- −$21.81
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$44.68
- Spread needed to break even
- 0.418%
Slippage from BloFin: live order book, 5 min ago; Polymarket Perps: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0113%
- Per $10,000 a day
- −$3.38
- 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 BloFin live order book, 5 min ago | 5.86 bp | 15.9 bp −$16 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 2.26 bp | 7.5 bp −$8 | 9.0 bp −$90 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestVariational Omni0.5952+3.727%Pacifica0.5963+3.917%Nado0.5964+3.930%Aster0.5964+3.936%Popdex0.5965+3.956%Gate0.5965+3.956%SunX0.5965+3.956%gTrade (Gains Network)0.5965+3.960%
Injective
Variational Omni
Pacifica
Nado
Aster
Popdex
Gate
SunX
gTrade (Gains Network)BloFin0.5966+3.974%
Polymarket Perps0.5966+3.979%
BingX0.5970+4.043%Bybit0.5971+4.061%edgeX0.5971+4.068%KuCoin0.5972+4.075%Lighter RH0.5972+4.076%OKX0.5972+4.078%Bitget0.5972+4.083%Extended0.5973+4.090%Binance0.5973+4.096%MEXC0.5973+4.096%SoDEX0.5974+4.106%Aevo0.5974+4.109%Hyperliquid0.5975+4.130%Lighter0.5976+4.139%ApeX Omni0.5976+4.144%Phemex0.5977+4.165%Orderly0.5982+4.254%HTX0.5984+4.282%Phoenix0.5990+4.387%
BingX
Bybit
KuCoin
Lighter RH
OKX
Bitget
Extended
Binance
MEXC
SoDEX
Aevo
Hyperliquid
Lighter
ApeX Omni
Phemex
Orderly
HTX
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −3.822% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Variational Omni PONS | −0.238% | +0.0368% | 4h | $1.2M | $3.9M | — | as long as short |
| Pacifica PONS | −0.055% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
| Nado PONS-PERP | −0.042% | +0.0318% | 1h | $114K | $71K | 5x | as long as short |
| Aster PONSUSDT | −0.037% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Popdex PONSUSDT | −0.017% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Gate PONS_USDT | −0.017% | −0.0450% | 4h | $5.4M | $7.7M | 20x | as long as short |
| SunX PONS-USDT | −0.017% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.013% | L +0.0032% / S −0.0031% | 1h | $215K | — | 150x | as long as short |
| BloFin PONS-USDTlong | 0.000% | +0.0621% | 4h | $1.8M | $956K | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps PONS-USDshort | +0.005% | +0.0508% | 1h | $54K | $1.8M | 3x | |
| BingX PONS-USDT | +0.067% | +0.0408% | 4h | — | $3.2M | — | as long as short |
| Bybit PONSUSDT | +0.084% | +0.0257% | 4h | $18.2M | $29.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.091% | +0.0434% | 4h | $21K | $293K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.097% | +0.0212% | 4h | $1.7M | $3.2M | 20x | as long as short |
| Lighter RH PONS | +0.099% | +0.0696% | 1h | $418K | $2.3M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.101% | +0.0156% | 4h | $13.3M | $54.5M | 20x | as long as short |
| Bitget PONSUSDT | +0.106% | +0.0232% | 4h | $4.6M | $11.1M | 20x | as long as short |
| Extended PONS-USD | +0.112% | +0.0384% | 1h | $89K | $545K | 5x | as long as short |
| Binance PONSUSDT | +0.117% | +0.0383% | 4h | $38.9M | $96.4M | 20x | as long as short |
| MEXC PONS_USDT | +0.117% | +0.0380% | 4h | $7.3M | $5.2M | 20x | as long as short |
| SoDEX PONS-USD | +0.127% | +0.0100% | 1h | $26K | $504K | 3x | as long as short |
| Aevo PONS-PERP | +0.130% | +0.0176% | 1h | $372 | — | 3x | as long as short |
| Hyperliquid PONS | +0.151% | +0.0431% | 1h | $59.8M | $28.2M | 3x | as long as short |
| Lighter PONS | +0.159% | +0.1200% | 1h | $1.7M | $825K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.164% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| Phemex PONSUSDT | +0.184% | +0.0527% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.270% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| HTX PONS-USDT | +0.297% | +0.0100% | 4h | $63K | $497K | 20x | as long as short |
| Phoenix PONS | +0.397% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |