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
My profile →
My profile
Funding arb · Price arb / Crypto

PONS

All PONS markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
ArcusPONS-USD
0.5109+0.0448pay 0.0056% / 1h15m 05s$50K$442K4xLong Arcus5% off
SHORT
PhoenixPONS
0.5060+0.0254get 0.0032% / 1h15m 05s$125K$636K3xShort Phoenix
Price gap−0.949%
Funding gap−0.0194% /8h

Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.888% under its 7d average. Swap the legs.

Funding on this pair paid 0.088% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$9−0.0194% /8h now · paid +0.088% over the last 1 day (all we have)
Price−$89spread −0.949% now, avg −0.061% → −0.888% if it goes back
Costs−$660.661% of $10k · taker + slippage, in and out
Result−$146−1.46%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

Phoenix price against Arcusnow
RANGE STATS · 7D
Now−0.949%
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 · 3 to watch
  • Watch: Thin at this size14.4 / 21.1 bp
    At $10k entering Phoenix costs 21.1 bp, fee and slippage, 1.5× Arcus’s.
  • Note: Margin at max leverage$2,500 + $3,333
    Arcus 4x, Phoenix 3x. 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: −$5.82Long Arcus: 24 payments, −$13.43; short Phoenix: 24 payments, +$7.61.
  • Watch: Gap narrower than usual−0.949% vs −0.061%
    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 $125K OI
    Arcus 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 · Phoenix 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 earned+0.0238%/8h × 21 periods+$49.94
Price spread−0.949% → −0.061% (7d avg)−$88.83
Slippage, 4 orderslive order books−$54.63
Fee Arcus bp × 2 orders−$4.50
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$105.02
Costs to cover0.661%Break-even21.7 days
Slippage: Arcus: live order book, 33 min ago; Phoenix: live order book, 28 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGArcus3.2214.4 bp−$1425.4 bp−$254doesn’t fitdoesn’t fit
SELL · SHORTPhoenix4.5921.1 bp−$21doesn’t fitdoesn’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 ↗