After costs, if the gap returns to its 7d average, $10k−$15
spread now−0.012%7d average−0.025%fees + slippage, in and out−$16spread needed0.164%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PONS-USD | 0.5851 | 0.0427 | pay 0.0053% / 1h | 26m 22s | $65K | $1.8M | 3x |
| Short | MEXC PONS_USDT | 0.5850 | 0.0254 | get 0.0127% / 4h | 1h 26m | $7.0M | $5.4M | 20x |
Polymarket Perps PONS-USD
MEXC PONS_USDTPrice 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
- −$1.2
- Funding while held
- −$5.18
- Slippage, 4 orders
- −$8.39
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$22.77
- Spread needed to break even
- 0.164%
Slippage from Polymarket Perps: live order book, 4 min ago; MEXC: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0173%
- Per $10,000 a day
- −$5.18
- 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 | 0.86 bp | 4.9 bp −$5 | 5.0 bp −$50 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.86 bp | 2.4 bp −$2 | 13.0 bp −$130 | 289.0 bp −$28.9K | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestVariational Omni0.5825+1.512%edgeX0.5832+1.638%ApeX Omni0.5834+1.666%Phoenix0.5836+1.701%gTrade (Gains Network)0.5846+1.879%Phemex0.5846+1.882%Aster0.5847+1.891%Popdex0.5847+1.900%Bybit0.5848+1.917%Hyperliquid0.5849+1.931%Gate0.5849+1.934%Extended0.5850+1.949%Lighter RH0.5850+1.950%Pacifica0.5850+1.950%Binance0.5850+1.952%OKX0.5850+1.952%
Injective
Variational Omni
ApeX Omni
Phoenix
gTrade (Gains Network)
Phemex
Aster
Popdex
Bybit
Hyperliquid
Gate
Extended
Lighter RH
Pacifica
Binance
OKXMEXC0.5850+1.952%
BingX0.5850+1.952%SunX0.5850+1.959%SoDEX0.5850+1.961%KuCoin0.5851+1.964%
BingX
SunX
SoDEX
KuCoinPolymarket Perps0.5851+1.964%
Nado0.5851+1.969%Bitget0.5853+1.995%Aevo0.5853+1.995%HTX0.5856+2.049%BloFin0.5856+2.056%Lighter0.5857+2.081%Orderly0.5859+2.105%
Nado
Bitget
Aevo
HTX
BloFin
Lighter
OrderlyPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −1.926% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Variational Omni PONS | −0.443% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| edgeX PONSUSDC | −0.320% | +0.0274% | 4h | $20K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.292% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |
| Phoenix PONS | −0.258% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.083% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Phemex PONSUSDT | −0.080% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Aster PONSUSDT | −0.072% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Popdex PONSUSDT | −0.063% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
| Bybit PONSUSDT | −0.046% | +0.0100% | 4h | $17.2M | $31.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid PONS | −0.032% | +0.0100% | 1h | $58.2M | $29.9M | 3x | as long as short |
| Gate PONS_USDT | −0.029% | −0.0156% | 4h | $5.2M | $7.2M | 20x | as long as short |
| Extended PONS-USD | −0.015% | +0.0256% | 1h | $87K | $542K | 5x | as long as short |
| Lighter RH PONS | −0.014% | +0.0248% | 1h | $418K | $2.4M | 3x | as long as short |
| Pacifica PONS | −0.014% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| Binance PONSUSDT | −0.012% | +0.0258% | 4h | $37.7M | $99.4M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.012% | +0.0172% | 4h | $13.0M | $55.6M | 20x | as long as short |
| MEXC PONS_USDTshort | −0.012% | +0.0254% | 4h | $7.0M | $5.4M | 20x | |
| BingX PONS-USDT | −0.012% | +0.0258% | 4h | — | $3.3M | — | as long as short |
| SunX PONS-USDT | −0.005% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | −0.003% | +0.0100% | 1h | $27K | $535K | 3x | as long as short |
| KuCoin PONSUSDTM | 0.000% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Polymarket Perps PONS-USDlong | 0.000% | +0.0427% | 1h | $65K | $1.8M | 3x | |
| Nado PONS-PERP | +0.005% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Bitget PONSUSDT | +0.031% | +0.0138% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Aevo PONS-PERP | +0.031% | +0.0144% | 1h | $365 | — | 3x | as long as short |
| HTX PONS-USDT | +0.084% | +0.0100% | 4h | $62K | $500K | 20x | as long as short |
| BloFin PONS-USDT | +0.091% | +0.0494% | 4h | $1.7M | $976K | 20x | as long as short |
| Lighter PONS | +0.115% | +0.1000% | 1h | $1.7M | $870K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.138% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |