Spread before costs (cost unknown: a leg has no order-book sample)+2.788%
7d average—if it closes, per $10,000$279funding while held, a day+$8.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5738 | 0.0033 | pay 0.0004% / 1h | 32m 59s | $590 | $7K | 5.5x |
| Short | Polymarket Perps PONS-USD | 0.5898 | 0.0331 | get 0.0041% / 1h | 32m 59s | $47K | $1.8M | 3x |
Injective PONS/USDC PERP
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
- $278.84
- Funding while held
- $8.93
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $279.75
- Spread needed to break even
- 0.080%
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0298%
- Per $10,000 a day
- +$8.93
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 2 min ago | 1.78 bp | 6.8 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Aster0.5883+2.534%BingX0.5886+2.579%Pacifica0.5888+2.610%gTrade (Gains Network)0.5888+2.614%Variational Omni0.5891+2.665%KuCoin0.5892+2.679%OKX0.5894+2.719%Gate0.5894+2.719%MEXC0.5894+2.719%Aevo0.5894+2.720%Extended0.5894+2.723%Bitget0.5895+2.738%Bybit0.5896+2.754%HTX0.5897+2.766%Binance0.5897+2.769%Nado0.5897+2.771%Lighter RH0.5897+2.771%SunX0.5898+2.781%Orderly0.5898+2.787%SoDEX0.5898+2.787%Popdex0.5898+2.788%
Aster
BingX
Pacifica
gTrade (Gains Network)
Variational Omni
KuCoin
OKX
Gate
MEXC
Aevo
Extended
Bitget
Bybit
HTX
Binance
Nado
Lighter RH
SunX
Orderly
SoDEX
PopdexPolymarket Perps0.5898+2.788%
Hyperliquid0.5899+2.811%edgeX0.5900+2.815%Lighter0.5900+2.820%Phemex0.5901+2.841%BloFin0.5902+2.858%ApeX Omni0.5917+3.128%Phoenix0.5924+3.233%
Hyperliquid
Lighter
Phemex
BloFin
ApeX Omni
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERPlong | 0.000% | +0.0033% | 1h | $590 | $7K | 5.5x | |
| Aster PONSUSDT | +2.534% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| BingX PONS-USDT | +2.579% | +0.0356% | 4h | — | $3.2M | — | as long as short |
| Pacifica PONS | +2.610% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +2.614% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
| Variational Omni PONS | +2.665% | +0.0126% | 4h | $1.2M | $3.9M | — | as long as short |
| KuCoin PONSUSDTM | +2.679% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +2.719% | +0.0136% | 4h | $13.3M | $55.6M | 20x | as long as short |
| Gate PONS_USDT | +2.719% | +0.0100% | 4h | $5.3M | $7.7M | 20x | as long as short |
| MEXC PONS_USDT | +2.719% | +0.0332% | 4h | $7.3M | $5.2M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +2.720% | +0.0160% | 1h | $367 | — | 3x | as long as short |
| Extended PONS-USD | +2.723% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
| Bitget PONSUSDT | +2.738% | +0.0166% | 4h | $4.5M | $11.3M | 20x | as long as short |
| Bybit PONSUSDT | +2.754% | +0.0100% | 4h | $17.6M | $30.1M | 20x | as long as short |
| HTX PONS-USDT | +2.766% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| Binance PONSUSDT | +2.769% | +0.0326% | 4h | $38.4M | $97.8M | 20x | as long as short |
| Nado PONS-PERP | +2.771% | +0.0153% | 1h | $73K | $94K | 5x | as long as short |
| Lighter RH PONS | +2.771% | +0.0096% | 1h | $408K | $2.3M | 3x | as long as short |
| SunX PONS-USDT | +2.781% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +2.787% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SoDEX PONS-USD | +2.787% | +0.0100% | 1h | $26K | $509K | 3x | as long as short |
| Popdex PONSUSDT | +2.788% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Polymarket Perps PONS-USDshort | +2.788% | +0.0331% | 1h | $47K | $1.8M | 3x | |
| Hyperliquid PONS | +2.811% | +0.0208% | 1h | $59.0M | $29.1M | 3x | as long as short |
| edgeX PONSUSDC | +2.815% | +0.0350% | 4h | $21K | $292K | 10x | as long as short |
| Lighter PONS | +2.820% | +0.0488% | 1h | $1.7M | $854K | 3x | as long as short |
| Phemex PONSUSDT | +2.841% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BloFin PONS-USDT | +2.858% | +0.0566% | 4h | $1.7M | $968K | 20x | as long as short |
| ApeX Omni PONSUSDT | +3.128% | +0.0100% | 1h | $30K | $321K | 5x | as long as short |
| Phoenix PONS | +3.233% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |