PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0182%/8h= −19.9% APRnext payment −$0.23 per $10,000 · paid last 24h −0.048%

Price spread now: Extended against Polymarket Perps+0.011%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+2.510%+$251 · spread now +0.011%, 7d avg +0.031%

Together, before fees+2.574%+ Points / potential airdropExtended: Active · farm board+$257 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.5875	0.0358	pay 0.0045% / 1h	11m 44s	$37K	$1.8M	3x
Short	Extended PONS-USD	0.5875	0.0176	get 0.0022% / 1h	11m 44s	$105K	$533K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$38.2
Price spread: +0.011% → +0.031%: −$1.96
Slippage, 4 orders: −$50.13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$103.29
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 11 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, 2 min ago	1.62 bp	5.6 bp −$6	6.1 bp −$61	doesn't fit	doesn't fit
Sell Extended live order book, 11 min ago	9.50 bp	24.8 bp −$25	149.2 bp −$1,492	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 +0.0032% / S −0.0034%	1h	0.5872	−0.040%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.763%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5875	+0.003%	$21K	$443K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5873	−0.031%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5873	−0.031%	$13.3M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5873	−0.024%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5877	+0.046%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.518%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.584%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5883	+0.140%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5883	+0.136%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5873	−0.026%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5879	+0.075%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5871	−0.065%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0103%	1h	0.5874	−0.007%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5877	+0.046%	$366	—	3x	as long as short
Aster PONSUSDT	+0.0168%	4h	0.5873	−0.035%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USDshort	+0.0176%	1h	0.5875	+0.011%	$105K	$533K	5x
Binance PONSUSDT	+0.0177%	4h	0.5876	+0.020%	$38.2M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5877	+0.037%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5873	−0.031%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.575%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USDlong	+0.0358%	1h	0.5875	long leg	$37K	$1.8M	3x
BloFin PONS-USDT	+0.0422%	4h	0.5890	+0.259%	$1.7M	$964K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5876	+0.021%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0494%	1h	0.5878	+0.053%	$58.9M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0536%	1h	0.5878	+0.063%	$413K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0760%	4h	0.5874	−0.014%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0992%	1h	0.5880	+0.090%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5911	+0.609%	$30K	$86K	3x	as long as short