After costs, if the gap returns to its 7d average, $10k+$20
spread now+0.743%7d average−0.006%fees + slippage, in and out−$54spread needed0.545%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PONS-USD | 0.6221 | 0.0546 | pay 0.0068% / 1h | 3m 56s | $67K | $1.8M | 3x |
| Short | edgeX PONSUSDC | 0.6267 | 0.0560 | get 0.0280% / 4h | 3m 56s | $21K | $290K | 10x |
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
- $74.3
- Funding while held
- $0.41
- Slippage, 4 orders
- −$37.47
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $20.23
- Spread needed to break even
- 0.545%
Slippage from Polymarket Perps: live order book, 1 min ago; edgeX: live order book, 45 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0014%
- Per $10,000 a day
- +$0.41
- 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, 1 min ago | 2.49 bp | 6.5 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 45 min ago | 11.88 bp | 20.2 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.Injective0.5738cheapest
BingX0.6209+8.208%gTrade (Gains Network)0.6214+8.292%SoDEX0.6214+8.301%KuCoin0.6216+8.323%Bybit0.6216+8.330%Phemex0.6216+8.330%Gate0.6217+8.348%Aevo0.6217+8.352%Extended0.6217+8.354%Bitget0.6217+8.355%MEXC0.6218+8.365%SunX0.6218+8.369%OKX0.6219+8.383%Binance0.6220+8.393%Hyperliquid0.6220+8.395%Lighter RH0.6220+8.398%
Injective
BingX
gTrade (Gains Network)
SoDEX
KuCoin
Bybit
Phemex
Gate
Aevo
Extended
Bitget
MEXC
SunX
OKX
Binance
Hyperliquid
Lighter RHPolymarket Perps0.6221+8.421%
Orderly0.6222+8.438%Popdex0.6224+8.470%Lighter0.6225+8.484%Pacifica0.6229+8.558%Aster0.6230+8.583%BloFin0.6231+8.592%HTX0.6239+8.724%Nado0.6244+8.824%Variational Omni0.6251+8.944%ApeX Omni0.6253+8.982%Phoenix0.6264+9.174%
Orderly
Popdex
Lighter
Pacifica
Aster
BloFin
HTX
Nado
Variational Omni
ApeX Omni
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.767% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.196% | +0.0606% | 4h | — | $3.1M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.119% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| SoDEX PONS-USD | −0.111% | +0.0100% | 1h | $28K | $464K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.090% | +0.0290% | 4h | $1.8M | $3.2M | 20x | as long as short |
| Bybit PONSUSDT | −0.084% | +0.0617% | 4h | $19.9M | $27.2M | 20x | as long as short |
| Phemex PONSUSDT | −0.084% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Gate PONS_USDT | −0.068% | −0.0280% | 4h | $5.6M | $7.4M | 20x | as long as short |
| Aevo PONS-PERP | −0.063% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| Extended PONS-USD | −0.062% | +0.0552% | 1h | $93K | $533K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDT | −0.061% | +0.0364% | 4h | $4.8M | $10.7M | 20x | as long as short |
| MEXC PONS_USDT | −0.051% | +0.0550% | 4h | $7.8M | $5.1M | 20x | as long as short |
| SunX PONS-USDT | −0.048% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| OKX PONS-USDT-SWAP | −0.035% | +0.0137% | 4h | $14.4M | $54.9M | 20x | as long as short |
| Binance PONSUSDT | −0.026% | +0.0550% | 4h | $41.4M | $92.7M | 20x | as long as short |
| Hyperliquid PONS | −0.024% | +0.1015% | 1h | $63.2M | $26.6M | 3x | as long as short |
| Lighter RH PONS | −0.021% | +0.0456% | 1h | $427K | $2.3M | 3x | as long as short |
| Polymarket Perps PONS-USDlong | 0.000% | +0.0546% | 1h | $67K | $1.8M | 3x | |
| Orderly PERP_PONS_USDC_mythos | +0.016% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Popdex PONSUSDT | +0.045% | +0.0096% | 1h | $19K | $455K | 20x | as long as short |
| Lighter PONS | +0.058% | +0.1160% | 1h | $1.8M | $776K | 3x | as long as short |
| Pacifica PONS | +0.126% | +0.0472% | 1h | $50K | $126K | 3x | as long as short |
| Aster PONSUSDT | +0.149% | +0.0203% | 4h | $1.1M | $2.1M | 20x | as long as short |
| BloFin PONS-USDT | +0.158% | +0.0790% | 4h | $1.9M | $922K | 20x | as long as short |
| HTX PONS-USDT | +0.280% | +0.0100% | 4h | $66K | $491K | 20x | as long as short |
| Nado PONS-PERP | +0.372% | +0.0599% | 1h | $113K | $67K | 5x | as long as short |
| Variational Omni PONS | +0.483% | +0.0519% | 4h | $1.7M | $3.4M | — | as long as short |
| ApeX Omni PONSUSDT | +0.518% | +0.0100% | 1h | $39K | $314K | 5x | as long as short |
| Phoenix PONS | +0.694% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| edgeX PONSUSDCshort | +0.743% | +0.0560% | 4h | $21K | $290K | 10x |