After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.044%7d average+0.022%fees + slippage, in and out−$28spread needed0.277%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.5903 | 0.0368 | pay 0.0184% / 4h | 3h 03m | $7.0M | $5.2M | 20x |
| Short | Polymarket Perps PONS-USD | 0.5900 | 0.0478 | get 0.0060% / 1h | 3m 32s | $49K | $1.8M | 3x |
MEXC PONS_USDT
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
- −$4.4
- Funding while held
- $3.31
- Slippage, 4 orders
- −$19.7
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$28.79
- Spread needed to break even
- 0.277%
Slippage from MEXC: live order book, 1 min ago; Polymarket Perps: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0110%
- Per $10,000 a day
- +$3.31
- 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 MEXC live order book, 1 min ago | 3.39 bp | 7.1 bp −$7 | 13.9 bp −$139 | 388.6 bp −$38.9K | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 2.11 bp | 7.4 bp −$7 | 9.2 bp −$92 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestOKX0.5897+2.771%Bitget0.5897+2.774%KuCoin0.5898+2.797%Bybit0.5899+2.806%Popdex0.5899+2.806%Hyperliquid0.5900+2.817%
Injective
OKX
Bitget
KuCoin
Bybit
Popdex
HyperliquidPolymarket Perps0.5900+2.830%
BingX0.5901+2.841%Pacifica0.5903+2.875%Lighter RH0.5903+2.876%Binance0.5903+2.876%Gate0.5903+2.876%
BingX
Pacifica
Lighter RH
Binance
GateMEXC0.5903+2.876%
Extended0.5905+2.917%SoDEX0.5907+2.937%Lighter0.5909+2.987%gTrade (Gains Network)0.5916+3.093%Orderly0.5916+3.109%Nado0.5919+3.155%Aster0.5920+3.174%SunX0.5921+3.189%Phemex0.5921+3.189%BloFin0.5923+3.224%Phoenix0.5924+3.238%edgeX0.5925+3.251%Variational Omni0.5929+3.335%ApeX Omni0.5935+3.425%Aevo0.5935+3.425%HTX0.5938+3.484%
Extended
SoDEX
Lighter
gTrade (Gains Network)
Orderly
Nado
Aster
SunX
Phemex
BloFin
Phoenix
Variational Omni
ApeX Omni
Aevo
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 | −2.795% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.102% | +0.0141% | 4h | $13.1M | $54.4M | 20x | as long as short |
| Bitget PONSUSDT | −0.098% | +0.0214% | 4h | $4.5M | $11.1M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.076% | +0.0206% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.068% | +0.0333% | 4h | $17.9M | $29.4M | 20x | as long as short |
| Popdex PONSUSDT | −0.068% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| Hyperliquid PONS | −0.057% | +0.0384% | 1h | $59.1M | $28.5M | 3x | as long as short |
| Polymarket Perps PONS-USDshort | −0.044% | +0.0478% | 1h | $49K | $1.8M | 3x | |
| BingX PONS-USDT | −0.034% | +0.0386% | 4h | — | $3.2M | — | as long as short |
| Pacifica PONS | −0.001% | +0.0616% | 1h | $49K | $119K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONS | 0.000% | +0.0640% | 1h | $414K | $2.3M | 3x | as long as short |
| Binance PONSUSDT | 0.000% | +0.0360% | 4h | $38.4M | $97.3M | 20x | as long as short |
| Gate PONS_USDT | 0.000% | +0.0008% | 4h | $5.3M | $7.7M | 20x | as long as short |
| MEXC PONS_USDTlong | 0.000% | +0.0368% | 4h | $7.0M | $5.2M | 20x | |
| Extended PONS-USD | +0.041% | +0.0368% | 1h | $88K | $537K | 5x | as long as short |
| SoDEX PONS-USD | +0.059% | +0.0100% | 1h | $26K | $504K | 3x | as long as short |
| Lighter PONS | +0.108% | +0.1072% | 1h | $1.7M | $834K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.212% | L +0.0032% / S −0.0031% | 1h | $213K | — | 150x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.227% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | +0.271% | +0.0312% | 1h | $113K | $71K | 5x | as long as short |
| Aster PONSUSDT | +0.290% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SunX PONS-USDT | +0.305% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Phemex PONSUSDT | +0.305% | +0.0222% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BloFin PONS-USDT | +0.339% | +0.0609% | 4h | $1.8M | $950K | 20x | as long as short |
| Phoenix PONS | +0.352% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| edgeX PONSUSDC | +0.365% | +0.0389% | 4h | $21K | $292K | 10x | as long as short |
| Variational Omni PONS | +0.447% | +0.0343% | 4h | $1.2M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.534% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| Aevo PONS-PERP | +0.534% | +0.0176% | 1h | $370 | — | 3x | as long as short |
| HTX PONS-USDT | +0.591% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |