PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusPONS-USD	0.5409	+0.0223	pay 0.0028% / 1h	6m 02s	$86K	$245K	4x	Long Arcus5% off
SHORT	AsterPONSUSDT	0.5411	+0.0200	get 0.0100% / 4h	6m 02s	$1.1M	$967K	20x	Short Aster≤10% back

Price gap+0.030%

Funding gap−0.0023% /8h

The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 16 days. At the last 7 days' pace that is about 15 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$44−0.0023% /8h now · paid −0.439% over the last 3 days (all we have)

Price+$11spread +0.030% now, avg −0.082% → +0.112% if it goes back

Costs−$450.451% of $10k · taker + slippage, in and out

Result−$78−0.78%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.030%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PONS on 32 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Large against open interest13.7 / 11.6 bp
$10k is over 10% of Arcus’s open interest.
Note: Margin at max leverage$2,500 + $500
Arcus 4x, Aster 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.69Long Arcus: 24 payments, −$6.69; short Aster: 6 payments, +$6.00.
OK: Entry gap works for you+0.030% vs −0.082%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$86K vs $1.1M OI
Arcus sets your exit cost. Check its book before closing.
OK: Points on a legAster Stage 5
Volume here counts toward the points program.
OK: No KYC on either legArcus No · Aster No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0577%/8h × 21 periods−$121.22

Price spread+0.030% → −0.082% (7d avg)+$11.18

Slippage, 4 orderslive order books−$32.58

Fee Arcus bp × 2 orders−$4.50

Fee Aster bp × 2 orders−$8.00

Net · 7 days · $10k−$155.13

Costs to cover0.451%Break-evennever at this rate

Slippage: Arcus: live order book, 7 min ago; Aster: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus4.5213.7 bp−$1426.6 bp−$266doesn’t fitdoesn’t fit

SELL · SHORTAster5.1611.6 bp−$1228.4 bp−$284doesn’t fitdoesn’t fit

Closing costs about the same again.

PONS news

posts that mention PONS, from every exchangeSearch all news →

09-29 11:00	gTrade (Gains Network)	Listing	PONS/USD no longer reported ($PONS) seen by our collector
09-29 02:27	Arcus	Listing	$PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗
09-28 19:23	Arcus	Listing	new market PONS-USD ($PONS) seen by our collector
09-25 11:16	Kraken Futures	Listing	new market PF_PONSUSD ($PONS) seen by our collector
09-22 17:11	Avantis	Listing	new market PONS/USD ($PONS) seen by our collector
09-22 13:03	Bybit	Other	📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗