PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.048%

Price spread now: Polymarket Perps against Extended−0.019%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−2.502%−$250 · spread now −0.019%, 7d avg −0.031%

Together, before fees−2.566%+ Points / potential airdropExtended: Active · farm board−$257 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5882	0.0168	pay 0.0021% / 1h	11m 17s	$105K	$533K	5x
Short	Polymarket Perps PONS-USD	0.5880	0.0362	get 0.0045% / 1h	11m 17s	$37K	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. 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 ExtendedbpFee Polymarket PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: $40.74
Price spread: −0.019% → −0.031%: $1.15
Slippage, 4 orders: −$50.13
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.24
Costs to cover: 0.631%
Break-even: 10.6 days

Slippage from Extended: live order book, 12 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 Extended live order book, 12 min ago	9.50 bp	24.7 bp −$25	163.3 bp −$1,633	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.62 bp	8.1 bp −$8	8.4 bp −$84	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	0.5874	−0.122%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.647%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5876	−0.094%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5880	−0.026%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5880	−0.026%	$13.3M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5879	−0.045%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5885	+0.059%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.403%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.469%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5884	+0.047%	$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	0.5880	−0.026%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5882	+0.015%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5882	+0.013%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5880	−0.026%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0110%	1h	0.5876	−0.094%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5880	−0.023%	$366	—	3x	as long as short
Aster PONSUSDT	+0.0161%	4h	0.5875	−0.116%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USDlong	+0.0168%	1h	0.5882	long leg	$105K	$533K	5x
Binance PONSUSDT	+0.0170%	4h	0.5883	+0.025%	$38.2M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5878	−0.060%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5880	−0.026%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.460%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USDshort	+0.0362%	1h	0.5880	−0.019%	$37K	$1.8M	3x
BloFin PONS-USDT	+0.0410%	4h	0.5881	−0.009%	$1.7M	$963K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5875	−0.112%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0499%	1h	0.5882	+0.008%	$58.9M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0536%	1h	0.5883	+0.020%	$415K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0750%	4h	0.5876	−0.094%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0976%	1h	0.5886	+0.072%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5887	+0.100%	$30K	$86K	3x	as long as short