PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0609%/8h= −66.7% APRnext payment −$0.76 per $10,000 · paid last 24h −0.144%

Price spread now: ApeX Omni against Polymarket Perps+0.403%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$970.973% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.570%−$57 on $10k

Price spread, last 4 days (all we have)−0.509%−$51 · spread now +0.403%, 7d avg +0.097%

Together, before fees−1.079%−$108 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.306% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.403% now, against its 7-day average of +0.097%): +$31 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.570% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6002	0.0709	pay 0.0089% / 1h	22m 55s	$71K	$1.6M	3x
Short	ApeX Omni PONSUSDT	0.6027	0.0100	get 0.0013% / 1h	22m 55s	$35K	$342K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now +0.403%Rate

Funding earned: −$127.83
Price spread: +0.403% → +0.097%: $30.61
Slippage, 4 orders: −$79.3
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$194.51
Costs to cover: 0.973%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; ApeX Omni: live order book, 29 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 Polymarket Perps live order book, 6 min ago	0.66 bp	5.6 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 29 min ago	6.63 bp	70.6 bp −$71	135.3 bp −$1,353	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 +0.0033% / S −0.0032%	1h	0.5996	−0.101%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.550%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6005	+0.042%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6008	+0.092%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	0.6027	+0.403%	$35K	$342K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	+0.133%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6003	+0.005%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6002	−0.002%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6018	+0.265%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6000	−0.042%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0168%	1h	0.6005	+0.035%	$410K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6005	+0.033%	$374	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0362%	4h	0.5989	−0.225%	$13.6M	$54.8M	20x	as long as short
Variational Omni PONS	+0.0441%	4h	0.6020	+0.298%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0479%	1h	0.6001	−0.027%	$61.4M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0522%	4h	0.5992	−0.170%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0536%	4h	0.5997	−0.088%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0560%	1h	0.6006	+0.058%	$1.6M	$893K	3x	as long as short
Binance PONSUSDT	+0.0622%	4h	0.5992	−0.175%	$39.2M	$94.1M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.5996	−0.102%	$108K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0628%	4h	0.5995	−0.125%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0645%	4h	0.6036	+0.561%	$18K	$292K	10x	as long as short
Polymarket Perps PONS-USDlong	+0.0709%	1h	0.6002	long leg	$71K	$1.6M	3x
KuCoin PONSUSDTM	+0.0754%	4h	0.5995	−0.125%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0862%	4h	0.6001	−0.025%	$1.7M	$956K	20x	as long as short
BingX PONS-USDT	+0.0939%	4h	0.5992	−0.175%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0968%	4h	0.5989	−0.225%	$17.9M	$30.5M	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6008	+0.086%	$47K	$68K	3x	as long as short
Gate PONS_USDT	+0.1302%	4h	0.5987	−0.258%	$5.2M	$6.2M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6007	+0.073%	$45K	$109K	3x	as long as short