Spread before costs (cost unknown: a leg has no order-book sample)−0.061%
7d average+0.075%if it closes, per $10,000$6funding while held, a day+$6.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PONS-USD | 0.6382 | 0.0911 | pay 0.0114% / 1h | 58m 45s | $65K | $1.7M | 3x |
| Short | Hyperliquid PONS | 0.6378 | 0.1125 | get 0.0141% / 1h | 58m 45s | $64.6M | $25.1M | 3x |
Polymarket Perps PONS-USD
Hyperliquid PONSPrice 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
- −$6.1
- Funding while held
- $6.44
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$16.66
- Spread needed to break even
- 0.170%
Slippage unknown: Polymarket Perps: live order book, 1 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0215%
- Per $10,000 a day
- +$6.44
- 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 | 1.80 bp | 5.8 bp −$6 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.18 bp | 8.0 bp −$8 | 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
BingX0.6365+10.927%gTrade (Gains Network)0.6369+10.989%Bybit0.6372+11.049%OKX0.6372+11.049%Gate0.6373+11.067%Bitget0.6373+11.070%Extended0.6374+11.076%Pacifica0.6374+11.092%MEXC0.6375+11.101%Binance0.6376+11.112%Aster0.6376+11.120%SoDEX0.6376+11.121%KuCoin0.6376+11.122%Lighter RH0.6377+11.128%
Injective
BingX
gTrade (Gains Network)
Bybit
OKX
Gate
Bitget
Extended
Pacifica
MEXC
Binance
Aster
SoDEX
KuCoin
Lighter RHHyperliquid0.6378+11.149%
Phemex0.6380+11.189%Lighter0.6380+11.192%Nado0.6382+11.215%
Phemex
Lighter
NadoPolymarket Perps0.6382+11.216%
Popdex0.6383+11.241%SunX0.6387+11.312%Orderly0.6390+11.354%Variational Omni0.6390+11.358%BloFin0.6390+11.363%edgeX0.6391+11.376%ApeX Omni0.6392+11.398%Phoenix0.6393+11.419%Aevo0.6402+11.581%HTX0.6405+11.623%
Popdex
SunX
Orderly
Variational Omni
BloFin
ApeX Omni
Phoenix
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 | −10.085% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.260% | +0.0752% | 4h | — | $2.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.204% | L +0.0032% / S −0.0030% | 1h | $234K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.150% | +0.0707% | 4h | $20.4M | $26.0M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.150% | +0.0238% | 4h | $15.3M | $57.6M | 20x | as long as short |
| Gate PONS_USDT | −0.135% | +0.1514% | 4h | $5.7M | $7.0M | 20x | as long as short |
| Bitget PONSUSDT | −0.132% | +0.0778% | 4h | $5.1M | $10.2M | 20x | as long as short |
| Extended PONS-USD | −0.126% | +0.0720% | 1h | $227K | $407K | 5x | as long as short |
| Pacifica PONS | −0.112% | +0.0858% | 1h | $49K | $165K | 3x | as long as short |
| MEXC PONS_USDT | −0.103% | +0.0718% | 4h | $8.2M | $4.8M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.094% | +0.0710% | 4h | $42.9M | $92.5M | 20x | as long as short |
| Aster PONSUSDT | −0.087% | +0.0465% | 4h | $1.1M | $2.2M | 20x | as long as short |
| SoDEX PONS-USD | −0.086% | +0.0100% | 1h | $29K | $458K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.085% | +0.0568% | 4h | $2.2M | $2.1M | 20x | as long as short |
| Lighter RH PONS | −0.080% | +0.0856% | 1h | $458K | $2.1M | 3x | as long as short |
| Hyperliquid PONSshort | −0.061% | +0.1125% | 1h | $64.6M | $25.1M | 3x | |
| Phemex PONSUSDT | −0.025% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Lighter PONS | −0.022% | +0.0768% | 1h | $1.8M | $724K | 3x | as long as short |
| Nado PONS-PERP | −0.001% | +0.0422% | 1h | $117K | $64K | 5x | as long as short |
| Polymarket Perps PONS-USDlong | 0.000% | +0.0911% | 1h | $65K | $1.7M | 3x | |
| Popdex PONSUSDT | +0.022% | +0.0096% | 1h | $20K | $475K | 20x | as long as short |
| SunX PONS-USDT | +0.086% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.124% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Variational Omni PONS | +0.128% | +0.0546% | 4h | $1.8M | $3.3M | — | as long as short |
| BloFin PONS-USDT | +0.132% | +0.0960% | 4h | $1.9M | $904K | 20x | as long as short |
| edgeX PONSUSDC | +0.144% | +0.0733% | 4h | $22K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.163% | +0.0100% | 1h | $40K | $320K | 5x | as long as short |
| Phoenix PONS | +0.182% | +0.1558% | 1h | $26K | $45K | 3x | as long as short |
| Aevo PONS-PERP | +0.328% | +0.0264% | 1h | $399 | — | 3x | as long as short |
| HTX PONS-USDT | +0.365% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |