Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PONS

All PONS markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
ArcusPONS-USD
0.5590+0.0960pay 0.0120% / 1h28m 14s$51K$224K4xLong Arcus5% off
SHORT
InjectivePONS/USDC PERP
0.5572−0.5000pay 0.0625% / 1h28m 14s$1K$4K5xShort Injective
Price gap−0.326%
Funding gap−0.5960% /8h

Both sides work against this direction now: funding costs $179 a day on $10k and the gap is 0.326% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—−0.5960% /8h now · no funding history yet
Price—spread −0.326% now · no price history on both exchanges yet
Costsno datano order book for Injective
Result, before costs—no pointsneeds funding history

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

Injective price against Arcusnow
RANGE STATS · 7D
Now−0.326%
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

2 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for Injective: its slippage is not counted.
  • Note: Margin at max leverage$2,500 + $2,000
    Arcus 4x, Injective 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$178.81Long Arcus: 24 payments, −$28.81; short Injective: 24 payments, −$150.00.
  • Note: No 7-day spread history−0.326%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$1K vs $51K OI
    Injective sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legArcus No · Injective 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 earnedno history yet: current rate−$1,251.68
Price spread−0.326% → 0−$32.56
Slippage, 4 ordersno data for Injective—
Fee Arcus bp × 2 orders−$4.50
Fee Injective bp × 2 orders−$0.02
Net, fees only · 7 days · $10k−$1,288.75
Costs to cover0.045%Break-evennever at this rate
Slippage: Arcus: live order book, 5 min ago; Injective: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGArcus5.3617.3 bp−$1726.2 bp−$262doesn’t fitdoesn’t fit
SELL · SHORTInjective—————

Closing costs about the same again.
Injective: no data.

Alert

PONS news

posts that mention PONS, from every exchangeSearch all news →
09-29 11:00gTrade (Gains Network)ListingPONS/USD no longer reported ($PONS) seen by our collector
09-29 02:27ArcusListing$PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗
09-28 19:23ArcusListingnew market PONS-USD ($PONS) seen by our collector
09-25 11:16Kraken FuturesListingnew market PF_PONSUSD ($PONS) seen by our collector
09-22 17:11AvantisListingnew market PONS/USD ($PONS) seen by our collector
09-22 13:03BybitOther📣 $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 ↗