PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusPONS-USD	0.5423	+0.0901	pay 0.0113% / 1h	34m 28s	$48K	$448K	4x	Long Arcus5% off
SHORT	BybitPONSUSDT	0.5423	+0.0100	get 0.0050% / 4h	2h 34m	$16.7M	$43.1M	20x	Short Bybit

Price gap−0.007%

Funding gap−0.0801% /8h

The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $24 a day and eats that in about 9 hours.

If you open now and hold

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

Funding−$22−0.0801% /8h now · paid −0.221% over the last 1 day (all we have)

Price+$9spread −0.007% now, avg −0.099% → +0.092% if it goes back

Costs−$740.741% of $10k · taker + slippage, in and out

Result−$87−0.87%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Bybit price against Arcusnow

RANGE STATS · 7D

Now−0.007%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PONS on 31 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size19.3 / 17.8 bp
At $10k entering Arcus costs 19.3 bp, fee and slippage, 1.1× Bybit’s.
Note: Margin at max leverage$2,500 + $500
Arcus 4x, Bybit 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: −$24.04Long Arcus: 24 payments, −$27.04; short Bybit: 6 payments, +$3.00.
OK: Entry gap works for you−0.007% vs −0.099%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$48K vs $16.7M OI
Arcus sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCArcus No · Bybit Yes
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0581%/8h × 21 periods−$121.93

Price spread−0.007% → −0.099% (7d avg)+$9.18

Slippage, 4 orderslive order books−$58.59

Fee Arcus bp × 2 orders−$4.50

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$186.84

Costs to cover0.741%Break-evennever at this rate

Slippage: Arcus: live order book, 9 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus9.0919.3 bp−$1930.9 bp−$309doesn’t fitdoesn’t fit

SELL · SHORTBybit1.8517.8 bp−$1846.0 bp−$460651.8 bp−$65.2Kdoesn’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 ↗