After costs, if the gap returns to its 7d average, $10k−$198
spread now+0.005%7d average−0.066%fees + slippage, in and out−$205spread needed2.047%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex PONSUSDT | 0.5866 | 0.0096 | pay 0.0012% / 1h | 19m 10s | $18K | $493K | 20x |
| Short | Polymarket Perps PONS-USD | 0.5866 | 0.0362 | get 0.0045% / 1h | 19m 10s | $47K | $1.8M | 3x |
Popdex PONSUSDT
Polymarket Perps PONS-USDPrice 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
- $0.51
- Funding while held
- $7.99
- Slippage, 4 orders
- −$190.34
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$196.23
- Spread needed to break even
- 2.047%
Slippage from Popdex: live order book, 21 min ago; Polymarket Perps: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0266%
- Per $10,000 a day
- +$7.99
- 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 Popdex live order book, 21 min ago | 5.41 bp | 102.6 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 1.36 bp | 6.6 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestKuCoin0.5863+2.182%Aster0.5864+2.187%Bybit0.5864+2.196%Pacifica0.5865+2.205%OKX0.5865+2.213%gTrade (Gains Network)0.5865+2.217%Binance0.5866+2.231%
Injective
KuCoin
Aster
Bybit
Pacifica
OKX
gTrade (Gains Network)
BinancePopdex0.5866+2.231%
BloFin0.5866+2.231%
BloFinPolymarket Perps0.5866+2.236%
Hyperliquid0.5867+2.248%SoDEX0.5867+2.248%Nado0.5867+2.249%SunX0.5867+2.253%Lighter RH0.5868+2.264%MEXC0.5868+2.266%Extended0.5868+2.272%Aevo0.5869+2.283%Bitget0.5869+2.285%BingX0.5870+2.300%Gate0.5871+2.318%Phemex0.5871+2.318%Lighter0.5872+2.341%Orderly0.5875+2.386%HTX0.5877+2.414%ApeX Omni0.5877+2.421%edgeX0.5884+2.538%Phoenix0.5887+2.595%Variational Omni0.5890+2.649%
Hyperliquid
SoDEX
Nado
SunX
Lighter RH
MEXC
Extended
Aevo
Bitget
BingX
Gate
Phemex
Lighter
Orderly
HTX
ApeX Omni
Phoenix
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 | −2.182% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| KuCoin PONSUSDTM | −0.048% | +0.0100% | 4h | $1.7M | $3.4M | 20x | as long as short |
| Aster PONSUSDT | −0.043% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Bybit PONSUSDT | −0.034% | +0.0165% | 4h | $17.6M | $30.2M | 20x | as long as short |
| Pacifica PONS | −0.026% | +0.0285% | 1h | $46K | $119K | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.017% | +0.0145% | 4h | $13.2M | $55.5M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.013% | L +0.0032% / S −0.0032% | 1h | $213K | — | 150x | as long as short |
| Binance PONSUSDT | 0.000% | +0.0325% | 4h | $38.2M | $98.1M | 20x | as long as short |
| Popdex PONSUSDTlong | 0.000% | +0.0096% | 1h | $18K | $493K | 20x | |
| BloFin PONS-USDT | 0.000% | +0.0565% | 4h | $1.7M | $958K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps PONS-USDshort | +0.005% | +0.0362% | 1h | $47K | $1.8M | 3x | |
| Hyperliquid PONS | +0.017% | +0.0169% | 1h | $58.7M | $29.1M | 3x | as long as short |
| SoDEX PONS-USD | +0.017% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| Nado PONS-PERP | +0.018% | +0.0100% | 1h | $73K | $94K | 5x | as long as short |
| SunX PONS-USDT | +0.022% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter RH PONS | +0.032% | +0.0096% | 1h | $408K | $2.4M | 3x | as long as short |
| MEXC PONS_USDT | +0.034% | +0.0332% | 4h | $7.4M | $5.3M | 20x | as long as short |
| Extended PONS-USD | +0.040% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
| Aevo PONS-PERP | +0.051% | +0.0168% | 1h | $366 | — | 3x | as long as short |
| Bitget PONSUSDT | +0.053% | +0.0162% | 4h | $4.5M | $11.4M | 20x | as long as short |
| BingX PONS-USDT | +0.068% | +0.0336% | 4h | — | $3.2M | — | as long as short |
| Gate PONS_USDT | +0.085% | +0.0100% | 4h | $5.2M | $7.7M | 20x | as long as short |
| Phemex PONSUSDT | +0.085% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter PONS | +0.107% | +0.0656% | 1h | $1.7M | $855K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.152% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| HTX PONS-USDT | +0.179% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.186% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |
| edgeX PONSUSDC | +0.301% | +0.0330% | 4h | $20K | $292K | 10x | as long as short |
| Phoenix PONS | +0.356% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |
| Variational Omni PONS | +0.409% | +0.0124% | 4h | $1.2M | $3.9M | — | as long as short |