After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.387%7d average+0.061%fees + slippage, in and out−$50spread needed0.498%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PONS-USD | 0.5897 | 0.0304 | pay 0.0038% / 1h | 35m 58s | $47K | $1.8M | 3x |
| Short | Bitget PONSUSDT | 0.5920 | 0.0168 | get 0.0084% / 4h | 2h 35m | $4.6M | $11.3M | 20x |
Polymarket Perps PONS-USD
Bitget PONSUSDTPrice 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
- $38.66
- Funding while held
- −$4.08
- Slippage, 4 orders
- −$29.76
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$15.18
- Spread needed to break even
- 0.498%
Slippage from Polymarket Perps: live order book, 4 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0136%
- Per $10,000 a day
- −$4.08
- 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 Polymarket Perps live order book, 4 min ago | 1.86 bp | 6.0 bp −$6 | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.43 bp | 20.4 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestAster0.5892+2.678%Aevo0.5895+2.739%Pacifica0.5895+2.744%gTrade (Gains Network)0.5896+2.753%Popdex0.5897+2.771%
Injective
Aster
Aevo
Pacifica
gTrade (Gains Network)
PopdexPolymarket Perps0.5897+2.780%
BloFin0.5900+2.823%Extended0.5900+2.831%KuCoin0.5901+2.842%Orderly0.5901+2.844%SunX0.5901+2.848%Nado0.5901+2.849%Lighter RH0.5906+2.931%SoDEX0.5908+2.957%Phemex0.5909+2.980%Lighter0.5911+3.012%Gate0.5912+3.032%MEXC0.5914+3.067%edgeX0.5919+3.152%BingX0.5919+3.154%Phoenix0.5919+3.156%HTX0.5919+3.156%Hyperliquid0.5920+3.165%
BloFin
Extended
KuCoin
Orderly
SunX
Nado
Lighter RH
SoDEX
Phemex
Lighter
Gate
MEXC
BingX
Phoenix
HTX
HyperliquidBitget0.5920+3.177%
Binance0.5921+3.194%ApeX Omni0.5925+3.257%Bybit0.5926+3.276%OKX0.5926+3.276%Variational Omni0.5936+3.456%
Binance
ApeX Omni
Bybit
OKX
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 | −2.705% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Aster PONSUSDT | −0.099% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Aevo PONS-PERP | −0.039% | +0.0168% | 1h | $367 | — | 3x | as long as short |
| Pacifica PONS | −0.035% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.026% | L +0.0032% / S −0.0032% | 1h | $213K | — | 150x | as long as short |
| Popdex PONSUSDT | −0.008% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Polymarket Perps PONS-USDlong | 0.000% | +0.0304% | 1h | $47K | $1.8M | 3x | |
| BloFin PONS-USDT | +0.042% | +0.0579% | 4h | $1.7M | $967K | 20x | as long as short |
| Extended PONS-USD | +0.050% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
| KuCoin PONSUSDTM | +0.061% | +0.0106% | 4h | $1.7M | $3.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.063% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.066% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | +0.067% | +0.0190% | 1h | $78K | $93K | 5x | as long as short |
| Lighter RH PONS | +0.148% | +0.0120% | 1h | $409K | $2.3M | 3x | as long as short |
| SoDEX PONS-USD | +0.173% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| Phemex PONSUSDT | +0.195% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter PONS | +0.226% | +0.0520% | 1h | $1.7M | $854K | 3x | as long as short |
| Gate PONS_USDT | +0.246% | +0.0100% | 4h | $5.3M | $7.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.280% | +0.0338% | 4h | $7.2M | $5.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.362% | +0.0370% | 4h | $21K | $292K | 10x | as long as short |
| BingX PONS-USDT | +0.365% | +0.0374% | 4h | — | $3.2M | — | as long as short |
| Phoenix PONS | +0.366% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |
| HTX PONS-USDT | +0.366% | +0.0100% | 4h | $63K | $496K | 20x | as long as short |
| Hyperliquid PONS | +0.375% | +0.0222% | 1h | $59.2M | $29.1M | 3x | as long as short |
| Bitget PONSUSDTshort | +0.387% | +0.0168% | 4h | $4.6M | $11.3M | 20x | |
| Binance PONSUSDT | +0.403% | +0.0331% | 4h | $38.6M | $97.8M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.465% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |
| Bybit PONSUSDT | +0.483% | +0.0137% | 4h | $17.7M | $30.0M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.483% | +0.0144% | 4h | $13.3M | $55.8M | 20x | as long as short |
| Variational Omni PONS | +0.658% | +0.0143% | 4h | $1.2M | $3.9M | — | as long as short |