PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusPONS-USD	0.5381	+0.1097	pay 0.0137% / 1h	33m 47s	$90K	$179K	4x	Long Arcus5% off
SHORT	Polymarket PerpsPONS-USD	0.5370	+0.0100	get 0.0013% / 1h	33m 47s	$58K	$925K	3x	Short Polymarket Perps

Price gap−0.206%

Funding gap−0.0997% /8h

Both sides work against this direction now: funding costs $30 a day on $10k and the gap is 0.108% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$50−0.0997% /8h now · paid −0.502% over the last 2 days (all we have)

Price−$11spread −0.206% now, avg −0.098% → −0.108% if it goes back

Costs−$360.360% of $10k · taker + slippage, in and out

Result−$97−0.97%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−0.206%

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

2 ok · 3 to watch

Watch: Large against open interest11.6 / 7.7 bp
$10k is over 10% of Polymarket Perps’s open interest.
Note: Margin at max leverage$2,500 + $3,333
Arcus 4x, Polymarket Perps 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: −$29.90Long Arcus: 24 payments, −$32.90; short Polymarket Perps: 24 payments, +$3.00.
Watch: Gap narrower than usual−0.206% vs −0.098%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$58K vs $90K OI
Polymarket Perps 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 · Polymarket Perps 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−0.0687%/8h × 21 periods−$144.30

Price spread−0.206% → −0.098% (7d avg)−$10.82

Slippage, 4 orderslive order books−$23.52

Fee Arcus bp × 2 orders−$4.50

Fee Polymarket Perps bp × 2 orders−$8.00

Net · 7 days · $10k−$191.15

Costs to cover0.360%Break-evennever at this rate

Slippage: Arcus: live order book, 30 min ago; Polymarket Perps: live order book, 46 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus5.1611.6 bp−$1221.5 bp−$215doesn’t fitdoesn’t fit

SELL · SHORTPolymarket Perps2.767.7 bp−$810.9 bp−$109doesn’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 ↗