PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0353%/8h= −38.7% APRnext payment −$0.44 per $10,000 · paid last 24h −0.152%

Price spread now: SoDEX against Polymarket Perps+0.036%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1461.456% of the position

Long on Polymarket Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.519%−$52 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.036%, 7d avg −0.003%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.039% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.003%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.5910	0.0453	pay 0.0057% / 1h	48m 54s	$91K	$1.9M	3x
Short	SoDEX PONS-USD	0.5912	0.0100	get 0.0013% / 1h	48m 54s	$25K	$586K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$74.17
Price spread: +0.036% → −0.003%: $3.87
Slippage, 4 orders: −$129.58
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$215.88
Costs to cover: 1.456%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; SoDEX: live order book, 60 min ago.

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, 5 min ago	2.21 bp	7.0 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell SoDEX live order book, 60 min ago	2.52 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit

PONS on 30 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 −0.0032%	1h	0.5905	−0.079%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.014%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5911	+0.020%	$404K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5913	+0.058%	$21K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5920	+0.171%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5896	−0.228%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5892	−0.301%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5911	+0.032%	—	$1.3M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.5912	+0.036%	$25K	$586K	3x
HTX PONS-USDT	+0.0100%	4h	0.5907	−0.041%	$64K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5909	−0.010%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5913	+0.049%	$368	—	3x	as long as short
Gate PONS_USDT	+0.0260%	4h	0.5910	+0.007%	$5.3M	$6.3M	20x	as long as short
Hyperliquid PONS	+0.0340%	1h	0.5917	+0.132%	$60.1M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0420%	4h	0.5914	+0.074%	$13.4M	$55.8M	20x	as long as short
Polymarket Perps PONS-USDlong	+0.0453%	1h	0.5910	long leg	$91K	$1.9M	3x
Aster PONSUSDT	+0.0473%	4h	0.5919	+0.154%	$1.1M	$2.2M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5910	+0.012%	$45K	$68K	3x	as long as short
MEXC PONS_USDT	+0.0560%	4h	0.5918	+0.142%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0565%	4h	0.5916	+0.108%	$37.2M	$98.6M	20x	as long as short
Extended PONS-USD	+0.0568%	1h	0.5914	+0.082%	$101K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0584%	4h	0.5897	−0.213%	$20K	$294K	10x	as long as short
Variational Omni PONS	+0.0644%	4h	0.5912	+0.033%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0662%	4h	0.5919	+0.162%	$4.7M	$12.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0664%	4h	0.5913	+0.058%	$1.6M	$3.8M	20x	as long as short
Lighter PONS	+0.0792%	1h	0.5914	+0.073%	$1.6M	$828K	3x	as long as short
BloFin PONS-USDT	+0.0805%	4h	0.5908	−0.027%	$1.7M	$957K	20x	as long as short
BingX PONS-USDT	+0.0848%	4h	0.5911	+0.024%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0848%	4h	0.5914	+0.074%	$17.6M	$31.4M	20x	as long as short
Phoenix PONS	+0.1472%	1h	0.5894	−0.264%	$45K	$127K	3x	as long as short