PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0676%/8h= +74.0% APRnext payment +$0.85 per $10,000 · paid last 24h +0.134%

Price spread now: Polymarket Perps against SoDEX+0.185%7-day average +0.005% · 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−$125as in the Price arb table

costs, in and out, $10k−$1431.431% of the position

Long on SoDEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.475%+$47 on $10k

Price spread, last 3 days (all we have)−0.313%−$31 · spread now +0.185%, 7d avg +0.005%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Polymarket Perps is 0.180% dearer against SoDEX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.6099	0.0100	pay 0.0013% / 1h	26m 15s	$28K	$547K	3x
Short	Polymarket Perps PONS-USD	0.6110	0.0776	get 0.0097% / 1h	26m 15s	$44K	$1.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. 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 SoDEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.185%Rate

Funding earned: $141.99
Price spread: +0.185% → +0.005%: $17.99
Slippage, 4 orders: −$127.05
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $16.93
Costs to cover: 1.431%
Break-even: 6.2 days

Slippage from SoDEX: live order book, 47 min ago; Polymarket Perps: live order book, 2 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 SoDEX live order book, 47 min ago	0.82 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.47 bp	5.6 bp −$6	6.2 bp −$62	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 −0.0033%	1h	0.6087	−0.191%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.123%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6099	−0.008%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6113	+0.230%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6090	−0.148%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6116	+0.274%	$34K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6106	+0.115%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6106	+0.113%	—	$1.3M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.6099	long leg	$28K	$547K	3x
HTX PONS-USDT	+0.0100%	4h	0.6106	+0.118%	$65K	$510K	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	0.6096	−0.049%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6098	−0.016%	$380	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0175%	4h	0.6096	−0.049%	$13.9M	$57.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0186%	4h	0.6100	+0.010%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0248%	4h	0.6100	+0.015%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0280%	4h	0.6103	+0.071%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0366%	4h	0.6099	0.000%	$8.0M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0368%	4h	0.6101	+0.033%	$40.0M	$96.7M	20x	as long as short
edgeX PONSUSDC	+0.0368%	4h	0.6115	+0.266%	$21K	$292K	10x	as long as short
Extended PONS-USD	+0.0368%	1h	0.6098	−0.022%	$253K	$679K	5x	as long as short
Lighter PONS	+0.0472%	1h	0.6100	+0.015%	$1.7M	$932K	3x	as long as short
BloFin PONS-USDT	+0.0608%	4h	0.6117	+0.295%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0608%	1h	0.6112	+0.212%	$106K	$115K	5x	as long as short
BingX PONS-USDT	+0.0648%	4h	0.6098	−0.016%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0665%	1h	0.6111	+0.198%	$48K	$78K	3x	as long as short
Bybit PONSUSDT	+0.0681%	4h	0.6098	−0.016%	$18.3M	$31.0M	20x	as long as short
Polymarket Perps PONS-USDshort	+0.0776%	1h	0.6110	+0.185%	$44K	$1.6M	3x
Hyperliquid PONS	+0.0891%	1h	0.6111	+0.205%	$62.1M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.1050%	4h	0.6100	+0.016%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	+0.177%	$32K	$113K	3x	as long as short