PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0715%/8h= −78.3% APRnext payment −$0.89 per $10,000 · paid last 24h −0.153%

Price spread now: Injective against Polymarket Perps−1.698%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Injective is 1.698% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$170 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6073	0.0749	pay 0.0094% / 1h	21m 18s	$46K	$1.5M	3x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	21m 18s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.698%Rate

Funding earned: −$150.23
Price spread: −1.698% → 0.000%: −$169.78
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$328.03
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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	1.98 bp	6.0 bp −$6	6.2 bp −$62	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 29 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 −0.0033%	1h	0.6062	−0.168%	$240K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	−1.698%	$614	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.023%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6026	−0.776%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6063	−0.155%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.049%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6071	−0.018%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6069	−0.056%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6085	+0.204%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6061	−0.191%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6071	−0.018%	$378	—	3x	as long as short
Lighter RH PONS	+0.0208%	1h	0.6070	−0.044%	$428K	$2.5M	3x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.6072	−0.007%	$71K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0232%	4h	0.6069	−0.053%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0241%	4h	0.6065	−0.125%	$13.9M	$55.2M	20x	as long as short
Lighter PONS	+0.0272%	1h	0.6069	−0.058%	$1.7M	$885K	3x	as long as short
Bybit PONSUSDT	+0.0296%	4h	0.6064	−0.142%	$18.2M	$30.5M	20x	as long as short
Bitget PONSUSDT	+0.0320%	4h	0.6068	−0.077%	$4.7M	$11.3M	20x	as long as short
BingX PONS-USDT	+0.0388%	4h	0.6068	−0.076%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0407%	4h	0.6073	+0.003%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0418%	4h	0.6069	−0.059%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0422%	4h	0.6066	−0.109%	$39.7M	$94.7M	20x	as long as short
Extended PONS-USD	+0.0424%	1h	0.6071	−0.021%	$250K	$672K	5x	as long as short
edgeX PONSUSDC	+0.0428%	4h	0.6064	−0.145%	$21K	$292K	10x	as long as short
Gate PONS_USDT	+0.0574%	4h	0.6064	−0.142%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0684%	1h	0.6072	−0.005%	$61.9M	$28.0M	3x	as long as short
Polymarket Perps PONS-USDlong	+0.0749%	1h	0.6073	long leg	$46K	$1.5M	3x
Pacifica PONS	+0.0869%	1h	0.6071	−0.019%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6073	+0.007%	$31K	$107K	3x	as long as short