PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusPONS-USD	0.5492	+0.1075	pay 0.0134% / 1h	58m 44s	$85K	$241K	4x	Long Arcus5% off
SHORT	PhemexPONSUSDT	0.5495	+0.0100	get 0.0050% / 4h	58m 44s	$2.1M	$2.8M	20x	Short Phemex

Price gap+0.058%

Funding gap−0.0975% /8h

The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $29 a day and eats that in about 11 hours.

If you open now and hold

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

Funding−$46−0.0975% /8h now · paid −0.465% over the last 3 days (all we have)

Price+$13spread +0.058% now, avg −0.077% → +0.135% if it goes back

Costs−$1031.030% of $10k · taker + slippage, in and out

Result−$136−1.36%no pointsWhat 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+0.058%

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

1 ok · 4 to watch

Watch: Thin at this size11.0 / 36.5 bp
At $10k entering Phemex costs 36.5 bp, fee and slippage, 3.3× Arcus’s.
Note: Margin at max leverage$2,500 + $500
Arcus 4x, Phemex 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: −$29.25Long Arcus: 24 payments, −$32.25; short Phemex: 6 payments, +$3.00.
OK: Entry gap works for you+0.058% vs −0.077%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$85K vs $2.1M OI
Arcus sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCArcus No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0619%/8h × 21 periods−$130.09

Price spread+0.058% → −0.077% (7d avg)+$13.49

Slippage, 4 orderslive order books−$86.55

Fee Arcus bp × 2 orders−$4.50

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$219.65

Costs to cover1.030%Break-evennever at this rate

Slippage: Arcus: live order book, 61 min ago; Phemex: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus8.7011.0 bp−$1119.1 bp−$191doesn’t fitdoesn’t fit

SELL · SHORTPhemex1.8236.5 bp−$36141.6 bp−$1,416doesn’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 ↗