After costs, if the gap returns to its 7d average, $10k−$32
spread now−0.053%7d average−0.059%fees + slippage, in and out−$32spread needed0.323%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5857 | 0.0104 | pay 0.0013% / 1h | 13m 37s | $407K | $2.4M | 3x |
| Short | Polymarket Perps PONS-USD | 0.5854 | 0.0362 | get 0.0045% / 1h | 13m 37s | $45K | $1.8M | 3x |
Lighter RH PONS
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
- −$5.29
- Funding while held
- $7.75
- Slippage, 4 orders
- −$24.32
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$29.86
- Spread needed to break even
- 0.323%
Slippage from Lighter RH: live order book, 1 min ago; Polymarket Perps: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0258%
- Per $10,000 a day
- +$7.75
- 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 Lighter RH live order book, 1 min ago | 5.12 bp | 5.7 bp −$6 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 3.16 bp | 7.2 bp −$7 | 9.1 bp −$91 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBybit0.5851+1.969%Phoenix0.5851+1.971%OKX0.5852+1.987%Aster0.5853+1.996%Gate0.5853+2.004%BloFin0.5853+2.004%
Injective
Bybit
Phoenix
OKX
Aster
Gate
BloFinPolymarket Perps0.5854+2.018%
Hyperliquid0.5854+2.022%SunX0.5854+2.023%Nado0.5854+2.026%Extended0.5855+2.035%Pacifica0.5855+2.047%Binance0.5856+2.051%Bitget0.5856+2.055%Popdex0.5856+2.056%BingX0.5856+2.056%gTrade (Gains Network)0.5856+2.058%KuCoin0.5857+2.065%
Hyperliquid
SunX
Nado
Extended
Pacifica
Binance
Bitget
Popdex
BingX
gTrade (Gains Network)
KuCoinLighter RH0.5857+2.072%
MEXC0.5857+2.074%SoDEX0.5857+2.083%Phemex0.5859+2.109%Aevo0.5859+2.114%ApeX Omni0.5860+2.130%HTX0.5860+2.135%edgeX0.5861+2.138%Lighter0.5861+2.151%Orderly0.5864+2.187%Variational Omni0.5869+2.292%
MEXC
SoDEX
Phemex
Aevo
ApeX Omni
HTX
Lighter
Orderly
Variational OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.030% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Bybit PONSUSDT | −0.101% | +0.0110% | 4h | $17.6M | $30.3M | 20x | as long as short |
| Phoenix PONS | −0.099% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.084% | +0.0150% | 4h | $13.1M | $55.4M | 20x | as long as short |
| Aster PONSUSDT | −0.075% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | −0.067% | +0.0100% | 4h | $5.2M | $7.8M | 20x | as long as short |
| BloFin PONS-USDT | −0.067% | +0.0562% | 4h | $1.7M | $955K | 20x | as long as short |
| Polymarket Perps PONS-USDshort | −0.053% | +0.0362% | 1h | $45K | $1.8M | 3x | |
| Hyperliquid PONS | −0.050% | +0.0159% | 1h | $58.5M | $29.2M | 3x | as long as short |
| SunX PONS-USDT | −0.048% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado PONS-PERP | −0.045% | +0.0100% | 1h | $73K | $94K | 5x | as long as short |
| Extended PONS-USD | −0.036% | +0.0312% | 1h | $87K | $542K | 5x | as long as short |
| Pacifica PONS | −0.025% | +0.0285% | 1h | $46K | $119K | 3x | as long as short |
| Binance PONSUSDT | −0.021% | +0.0316% | 4h | $38.1M | $98.5M | 20x | as long as short |
| Bitget PONSUSDT | −0.017% | +0.0158% | 4h | $4.6M | $11.4M | 20x | as long as short |
| Popdex PONSUSDT | −0.015% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| BingX PONS-USDT | −0.015% | +0.0326% | 4h | — | $3.2M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.013% | L +0.0032% / S −0.0032% | 1h | $212K | — | 150x | as long as short |
| KuCoin PONSUSDTM | −0.007% | +0.0100% | 4h | $1.7M | $3.4M | 20x | as long as short |
| Lighter RH PONSlong | 0.000% | +0.0104% | 1h | $407K | $2.4M | 3x | |
| MEXC PONS_USDT | +0.002% | +0.0314% | 4h | $7.3M | $5.3M | 20x | as long as short |
| SoDEX PONS-USD | +0.010% | +0.0100% | 1h | $26K | $508K | 3x | as long as short |
| Phemex PONSUSDT | +0.036% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.041% | +0.0160% | 1h | $365 | — | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.056% | +0.0100% | 1h | $30K | $319K | 5x | as long as short |
| HTX PONS-USDT | +0.061% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| edgeX PONSUSDC | +0.064% | +0.0325% | 4h | $20K | $293K | 10x | as long as short |
| Lighter PONS | +0.077% | +0.0672% | 1h | $1.7M | $856K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.113% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Variational Omni PONS | +0.215% | +0.0106% | 4h | $1.2M | $3.9M | — | as long as short |