data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

PONS

all PONS markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.165%7d average−0.040%fees + slippage, in and out−$54spread needed0.537%
Long on KuCoinShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PONSUSDTM0.58320.0100pay 0.0050% / 4h2h 06m$1.7M$3.4M20x
ShortPolymarket Perps PONS-USD0.58410.0352get 0.0044% / 1h6m 03s$70K$1.8M3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$16.46
Funding while held
$7.56
Slippage, 4 orders
−$33.73
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$29.71
Spread needed to break even
0.537%
Slippage from KuCoin: live order book, 8 min ago; Polymarket Perps: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0252%
Per $10,000 a day
+$7.56
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 8 min ago2.48 bp19.1 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 4 min ago1.71 bp5.7 bp −$68.6 bp −$86doesn't fitdoesn't fit

PONS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.5738cheapestBingX0.5818+1.394%OKX0.5828+1.568%Aster0.5829+1.582%Hyperliquid0.5830+1.609%Bitget0.5831+1.626%Binance0.5832+1.634%
KuCoin0.5832+1.635%
MEXC0.5832+1.638%Phemex0.5832+1.638%Bybit0.5833+1.656%Gate0.5834+1.673%BloFin0.5834+1.673%SoDEX0.5835+1.690%Aevo0.5836+1.708%gTrade (Gains Network)0.5837+1.724%Extended0.5837+1.725%HTX0.5837+1.731%edgeX0.5838+1.749%Lighter RH0.5839+1.758%Phoenix0.5839+1.758%Lighter0.5839+1.762%Popdex0.5841+1.795%
Polymarket Perps0.5841+1.802%
Variational Omni0.5842+1.812%Nado0.5842+1.812%SunX0.5843+1.835%Pacifica0.5844+1.840%Orderly0.5844+1.840%ApeX Omni0.5847+1.896%

PONS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PONS/USDC PERP−1.608%+0.0033%1h$590$7K5.5xas long as short
BingX PONS-USDT−0.237%+0.0316%4h—$3.3M—as long as short
OKX PONS-USDT-SWAP−0.065%+0.0152%4h$13.1M$55.5M20xas long as short
Aster PONSUSDT−0.051%+0.0100%4h$1.0M$2.1M20xas long as short
Hyperliquid PONS−0.026%+0.0135%1h$58.1M$29.5M3xas long as short
Bitget PONSUSDT−0.009%+0.0140%4h$4.5M$11.5M20xas long as short
Binance PONSUSDT−0.001%+0.0300%4h$37.7M$98.9M20xas long as short
KuCoin PONSUSDTMlong0.000%+0.0100%4h$1.7M$3.4M20x
MEXC PONS_USDT+0.003%+0.0304%4h$7.1M$5.4M20xas long as short
Phemex PONSUSDT+0.003%+0.0100%4h$1.7M$3.3M20xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit PONSUSDT+0.021%+0.0100%4h$17.5M$30.5M20xas long as short
Gate PONS_USDT+0.038%+0.0100%4h$5.2M$7.8M20xas long as short
BloFin PONS-USDT+0.038%+0.0546%4h$1.7M$958K20xas long as short
SoDEX PONS-USD+0.055%+0.0100%1h$27K$519K3xas long as short
Aevo PONS-PERP+0.073%+0.0160%1h$364—3xas long as short
gTrade (Gains Network) PONS/USD+0.087%L +0.0032% / S −0.0032%1h$212K—150xas long as short
Extended PONS-USD+0.088%+0.0296%1h$87K$545K5xas long as short
HTX PONS-USDT+0.094%+0.0100%4h$62K$498K20xas long as short
edgeX PONSUSDC+0.112%+0.0322%4h$20K$292K10xas long as short
Lighter RH PONS+0.122%+0.0120%1h$400K$2.4M3xas long as short
Phoenix PONS+0.122%+0.1523%1h$23K$61K3xas long as short
Lighter PONS+0.125%+0.0648%1h$1.7M$869K3xas long as short
Popdex PONSUSDT+0.158%+0.0096%1h$14K$507K20xas long as short
Polymarket Perps PONS-USDshort+0.165%+0.0352%1h$70K$1.8M3x
Variational Omni PONS+0.175%+0.0100%4h$1.2M$3.9M—as long as short
Nado PONS-PERP+0.175%+0.0100%1h$72K$95K5xas long as short
SunX PONS-USDT+0.197%+0.0100%4h—$1.4M10xas long as short
Pacifica PONS+0.202%+0.0285%1h$46K$119K3xas long as short
Orderly PERP_PONS_USDC_mythos+0.202%+0.0100%4h$2K$3K10xas long as short
ApeX Omni PONSUSDT+0.257%+0.0100%1h$30K$319K5xas long as short