PONS

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After costs, if the gap returns to its 7d average, $10k−$217

spread now−0.016%7d average+0.067%fees + slippage, in and out−$209spread needed2.086%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6229	0.0548	pay 0.0068% / 1h	2m 56s	$65K	$1.8M	3x
Short	Popdex PONSUSDT	0.6228	0.0096	get 0.0012% / 1h	2m 56s	$19K	$455K	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee Polymarket PerpsbpFee PopdexbpOrdersClose when spread is

Slippage from Polymarket Perps: live order book, 2 min ago; Popdex: live order book, 47 min ago.

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	2.49 bp	6.5 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit
Sell Popdex live order book, 47 min ago	3.71 bp	80.7 bp −$81	doesn't fit	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−7.882%	+0.0033%	1h	$590	$15K	5.5x	as long as short
Aster PONSUSDT	−0.247%	+0.0203%	4h	$1.1M	$2.1M	20x	as long as short
BingX PONS-USDT	−0.177%	+0.0606%	4h	—	$3.1M	—	as long as short
Aevo PONS-PERP	−0.175%	+0.0216%	1h	$387	—	3x	as long as short
Pacifica PONS	−0.136%	+0.0472%	1h	$50K	$126K	3x	as long as short
gTrade (Gains Network) PONS/USD	−0.099%	L +0.0032% / S −0.0031%	1h	$224K	—	150x	as long as short
Nado PONS-PERP	−0.065%	+0.0581%	1h	$113K	$68K	5x	as long as short
OKX PONS-USDT-SWAP	−0.064%	+0.0141%	4h	$14.4M	$54.9M	20x	as long as short
Bybit PONSUSDT	−0.048%	+0.0619%	4h	$19.9M	$27.2M	20x	as long as short
Gate PONS_USDT	−0.032%	−0.0302%	4h	$5.6M	$7.4M	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin PONSUSDTM	−0.024%	+0.0290%	4h	$1.8M	$3.2M	20x	as long as short
SoDEX PONS-USD	−0.024%	+0.0100%	1h	$28K	$464K	3x	as long as short
Popdex PONSUSDTshort	−0.016%	+0.0096%	1h	$19K	$455K	20x
Phemex PONSUSDT	−0.016%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.013%	+0.0100%	4h	$2K	$2K	10x	as long as short
Lighter RH PONS	0.000%	+0.0472%	1h	$427K	$2.3M	3x	as long as short
Binance PONSUSDT	0.000%	+0.0536%	4h	$41.4M	$92.7M	20x	as long as short
Polymarket Perps PONS-USDlong	0.000%	+0.0548%	1h	$65K	$1.8M	3x
Bitget PONSUSDT	+0.018%	+0.0360%	4h	$4.8M	$10.7M	20x	as long as short
Extended PONS-USD	+0.024%	+0.0536%	1h	$93K	$533K	5x	as long as short
MEXC PONS_USDT	+0.032%	+0.0550%	4h	$7.8M	$5.1M	20x	as long as short
BloFin PONS-USDT	+0.032%	+0.0776%	4h	$1.9M	$922K	20x	as long as short
SunX PONS-USDT	+0.035%	+0.0100%	4h	—	$1.4M	10x	as long as short
Hyperliquid PONS	+0.040%	+0.1011%	1h	$63.3M	$26.6M	3x	as long as short
Lighter PONS	+0.040%	+0.1176%	1h	$1.8M	$776K	3x	as long as short
Phoenix PONS	+0.069%	+0.1489%	1h	$25K	$51K	3x	as long as short
HTX PONS-USDT	+0.079%	+0.0100%	4h	$66K	$490K	20x	as long as short
edgeX PONSUSDC	+0.123%	+0.0570%	4h	$21K	$291K	10x	as long as short
Variational Omni PONS	+0.357%	+0.0519%	4h	$1.7M	$3.4M	—	as long as short
ApeX Omni PONSUSDT	+0.392%	+0.0100%	1h	$39K	$314K	5x	as long as short