PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusPONS-USD	0.5385	+0.0763	pay 0.0095% / 1h	13m 24s	$50K	$191K	4x	Long Arcus5% off
SHORT	BloFinPONS-USDT	0.5380	+0.0340	get 0.0170% / 4h	3h 13m	$1.8M	$1.2M	20x	Short BloFin

Price gap−0.098%

Funding gap−0.0423% /8h

Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.060% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$17−0.0423% /8h now · paid −0.166% over the last 2 days (all we have)

Price−$6spread −0.098% now, avg −0.039% → −0.060% if it goes back

Costs−$560.561% of $10k · taker + slippage, in and out

Result−$79−0.79%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Entry / ExitArcus: thin, under $1M open interest

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−0.098%

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

0 ok · 5 to watch

Watch: Large against open interest13.6 / 12.4 bp
$10k is over 10% of Arcus’s open interest.
Note: Margin at max leverage$2,500 + $500
Arcus 4x, BloFin 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: −$12.69Long Arcus: 24 payments, −$22.89; short BloFin: 6 payments, +$10.20.
Watch: Gap narrower than usual−0.098% vs −0.039%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$50K vs $1.8M OI
Arcus sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCArcus No · BloFin Limited
No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0290%/8h × 21 periods−$60.96

Price spread−0.098% → −0.039% (7d avg)−$5.98

Slippage, 4 orderslive order books−$39.63

Fee Arcus bp × 2 orders−$4.50

Fee BloFin bp × 2 orders−$12.00

Net · 7 days · $10k−$123.08

Costs to cover0.561%Break-evennever at this rate

Slippage: Arcus: live order book, 24 min ago; BloFin: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus6.5213.6 bp−$1424.7 bp−$247doesn’t fitdoesn’t fit

SELL · SHORTBloFin1.8612.4 bp−$1228.6 bp−$286140.0 bp−$14.0Kdoesn’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 ↗