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
0.5428+0.0834pay 0.0104% / 1h54m 10s$47K$459K4xLong Arcus5% off
SHORT
OKXPONS-USDT-SWAP
0.5423+0.0105get 0.0053% / 4h3h 54m$13.1M$58.8M20xShort OKX
Price gap−0.094%
Funding gap−0.0729% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $22 a day and eats that in about 3 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$32−0.0729% /8h now · paid −0.321% over the last 2 days (all we have)
Price+$3spread −0.094% now, avg −0.120% → +0.026% if it goes back
Costs−$500.497% of $10k · taker + slippage, in and out
Result−$79−0.79%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

OKX price against Arcusnow
RANGE STATS · 7D
Now−0.094%
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: Large against open interest11.2 / 11.5 bp
    $10k is over 10% of Arcus’s open interest.
  • Note: Margin at max leverage$2,500 + $500
    Arcus 4x, OKX 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: −$21.86Long Arcus: 24 payments, −$25.01; short OKX: 6 payments, +$3.15.
  • OK: Entry gap works for you−0.094% vs −0.120%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$47K vs $13.1M OI
    Arcus sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCArcus No · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0692%/8h × 21 periods−$145.33
Price spread−0.094% → −0.120% (7d avg)+$2.59
Slippage, 4 orderslive order books−$35.18
Fee Arcus bp × 2 orders−$4.50
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$192.43
Costs to cover0.497%Break-evennever at this rate
Slippage: Arcus: live order book, 19 min ago; OKX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGArcus4.5011.2 bp−$1121.5 bp−$215doesn’t fitdoesn’t fit
SELL · SHORTOKX1.8511.5 bp−$1144.7 bp−$447doesn’t fitdoesn’t fit

Closing costs about the same again.

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 ↗