After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.223%7d average+0.002%fees + slippage, in and out−$54spread needed0.540%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.5816 | 0.0282 | pay 0.0141% / 4h | 1h 29m | $20K | $293K | 10x |
| Short | Polymarket Perps PONS-USD | 0.5829 | 0.0424 | get 0.0053% / 1h | 29m 58s | $69K | $1.8M | 3x |
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
- $22.28
- Funding while held
- $4.26
- Slippage, 4 orders
- −$37
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$27.46
- Spread needed to break even
- 0.540%
Slippage from edgeX: live order book, 4 min ago; Polymarket Perps: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0142%
- Per $10,000 a day
- +$4.26
- 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 edgeX live order book, 4 min ago | 12.04 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 2.14 bp | 6.6 bp −$7 | 7.7 bp −$77 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestApeX Omni0.5817+1.379%Pacifica0.5823+1.478%gTrade (Gains Network)0.5823+1.479%BloFin0.5824+1.499%Variational Omni0.5825+1.512%Phoenix0.5826+1.527%Aster0.5827+1.546%Gate0.5827+1.551%SunX0.5827+1.556%Bybit0.5828+1.568%OKX0.5828+1.568%KuCoin0.5828+1.568%Extended0.5829+1.583%Lighter RH0.5829+1.584%MEXC0.5829+1.586%BingX0.5829+1.586%SoDEX0.5829+1.586%Nado0.5829+1.586%Hyperliquid0.5829+1.589%
Injective
ApeX Omni
Pacifica
gTrade (Gains Network)
BloFin
Variational Omni
Phoenix
Aster
Gate
SunX
Bybit
OKX
KuCoin
Extended
Lighter RH
MEXC
BingX
SoDEX
Nado
HyperliquidPolymarket Perps0.5829+1.591%
Aevo0.5830+1.597%Popdex0.5830+1.603%Phemex0.5830+1.603%Binance0.5831+1.621%Bitget0.5831+1.628%Lighter0.5835+1.692%Orderly0.5835+1.694%HTX0.5842+1.811%
Aevo
Popdex
Phemex
Binance
Bitget
Lighter
Orderly
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 | −1.347% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| edgeX PONSUSDClong | 0.000% | +0.0282% | 4h | $20K | $293K | 10x | |
| ApeX Omni PONSUSDT | +0.013% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |
| Pacifica PONS | +0.111% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.112% | L +0.0032% / S −0.0032% | 1h | $210K | — | 150x | as long as short |
| BloFin PONS-USDT | +0.132% | +0.0493% | 4h | $1.7M | $973K | 20x | as long as short |
| Variational Omni PONS | +0.145% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| Phoenix PONS | +0.159% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| Aster PONSUSDT | +0.178% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | +0.183% | −0.0178% | 4h | $5.2M | $7.2M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.188% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Bybit PONSUSDT | +0.200% | +0.0100% | 4h | $16.9M | $31.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.200% | +0.0174% | 4h | $12.9M | $55.4M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.200% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Extended PONS-USD | +0.215% | +0.0256% | 1h | $87K | $542K | 5x | as long as short |
| Lighter RH PONS | +0.216% | +0.0288% | 1h | $415K | $2.4M | 3x | as long as short |
| MEXC PONS_USDT | +0.218% | +0.0252% | 4h | $7.0M | $5.4M | 20x | as long as short |
| BingX PONS-USDT | +0.218% | +0.0266% | 4h | — | $3.3M | — | as long as short |
| SoDEX PONS-USD | +0.218% | +0.0100% | 1h | $26K | $534K | 3x | as long as short |
| Nado PONS-PERP | +0.218% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Hyperliquid PONS | +0.221% | +0.0100% | 1h | $58.0M | $29.8M | 3x | as long as short |
| Polymarket Perps PONS-USDshort | +0.223% | +0.0424% | 1h | $69K | $1.8M | 3x | |
| Aevo PONS-PERP | +0.229% | +0.0144% | 1h | $363 | — | 3x | as long as short |
| Popdex PONSUSDT | +0.235% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.235% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Binance PONSUSDT | +0.252% | +0.0259% | 4h | $37.6M | $99.4M | 20x | as long as short |
| Bitget PONSUSDT | +0.259% | +0.0136% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Lighter PONS | +0.322% | +0.0928% | 1h | $1.7M | $868K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.324% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| HTX PONS-USDT | +0.439% | +0.0100% | 4h | $62K | $500K | 20x | as long as short |