After costs, if the gap returns to its 7d average, $10k−$60
spread now+0.003%7d average+0.040%fees + slippage, in and out−$57spread needed0.566%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PONS-USD | 0.5841 | 0.0353 | pay 0.0044% / 1h | 11m 21s | $70K | $1.8M | 3x |
| Short | KuCoin PONSUSDTM | 0.5841 | 0.0100 | get 0.0050% / 4h | 2h 11m | $1.7M | $3.4M | 20x |
Polymarket Perps PONS-USD
KuCoin PONSUSDTMPrice 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
- $0.34
- Funding while held
- −$7.59
- Slippage, 4 orders
- −$36.63
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$63.87
- Spread needed to break even
- 0.566%
Slippage from Polymarket Perps: live order book, 4 min ago; KuCoin: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0253%
- Per $10,000 a day
- −$7.59
- 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 | 3.16 bp | 7.2 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.48 bp | 23.2 bp −$23 | 87.6 bp −$876 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestApeX Omni0.5833+1.657%BingX0.5835+1.690%Gate0.5836+1.708%Bybit0.5837+1.725%OKX0.5837+1.725%SoDEX0.5838+1.745%Bitget0.5838+1.751%Aevo0.5838+1.751%Binance0.5839+1.760%MEXC0.5839+1.760%Pacifica0.5839+1.769%gTrade (Gains Network)0.5839+1.769%Hyperliquid0.5841+1.790%Extended0.5841+1.790%
Injective
ApeX Omni
BingX
Gate
Bybit
OKX
SoDEX
Bitget
Aevo
Binance
MEXC
Pacifica
gTrade (Gains Network)
Hyperliquid
ExtendedPolymarket Perps0.5841+1.793%
Popdex0.5841+1.795%
PopdexKuCoin0.5841+1.797%
Aster0.5841+1.801%SunX0.5842+1.807%Nado0.5842+1.812%Lighter0.5844+1.846%Orderly0.5845+1.856%Lighter RH0.5845+1.863%Phoenix0.5851+1.971%Phemex0.5854+2.022%edgeX0.5861+2.138%BloFin0.5861+2.144%HTX0.5861+2.149%Variational Omni0.5869+2.292%
Aster
SunX
Nado
Lighter
Orderly
Lighter RH
Phoenix
Phemex
BloFin
HTX
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 | −1.762% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| ApeX Omni PONSUSDT | −0.134% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |
| BingX PONS-USDT | −0.101% | +0.0324% | 4h | — | $3.3M | — | as long as short |
| Gate PONS_USDT | −0.084% | +0.0100% | 4h | $5.2M | $7.8M | 20x | as long as short |
| Bybit PONSUSDT | −0.067% | +0.0109% | 4h | $17.5M | $30.4M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.067% | +0.0161% | 4h | $13.1M | $55.5M | 20x | as long as short |
| SoDEX PONS-USD | −0.048% | +0.0100% | 1h | $27K | $519K | 3x | as long as short |
| Bitget PONSUSDT | −0.041% | +0.0156% | 4h | $4.5M | $11.5M | 20x | as long as short |
| Aevo PONS-PERP | −0.041% | +0.0160% | 1h | $364 | — | 3x | as long as short |
| Binance PONSUSDT | −0.033% | +0.0312% | 4h | $37.9M | $98.8M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | −0.033% | +0.0310% | 4h | $7.2M | $5.4M | 20x | as long as short |
| Pacifica PONS | −0.024% | +0.0285% | 1h | $46K | $119K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.024% | L +0.0032% / S −0.0032% | 1h | $212K | — | 150x | as long as short |
| Hyperliquid PONS | −0.003% | +0.0152% | 1h | $58.2M | $29.6M | 3x | as long as short |
| Extended PONS-USD | −0.003% | +0.0312% | 1h | $87K | $545K | 5x | as long as short |
| Polymarket Perps PONS-USDlong | 0.000% | +0.0353% | 1h | $70K | $1.8M | 3x | |
| Popdex PONSUSDT | +0.002% | +0.0096% | 1h | $11K | $503K | 20x | as long as short |
| KuCoin PONSUSDTMshort | +0.003% | +0.0100% | 4h | $1.7M | $3.4M | 20x | |
| Aster PONSUSDT | +0.007% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SunX PONS-USDT | +0.014% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | +0.019% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| Lighter PONS | +0.051% | +0.0688% | 1h | $1.7M | $856K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.062% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Lighter RH PONS | +0.068% | +0.0128% | 1h | $410K | $2.4M | 3x | as long as short |
| Phoenix PONS | +0.175% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |
| Phemex PONSUSDT | +0.224% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.338% | +0.0325% | 4h | $20K | $293K | 10x | as long as short |
| BloFin PONS-USDT | +0.344% | +0.0556% | 4h | $1.7M | $956K | 20x | as long as short |
| HTX PONS-USDT | +0.349% | +0.0100% | 4h | $62K | $498K | 20x | as long as short |
| Variational Omni PONS | +0.490% | +0.0106% | 4h | $1.2M | $3.9M | — | as long as short |