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
AsterPONSUSDT
0.5500+0.0239pay 0.0119% / 4h59m 37s$1.2M$988K20xLong Aster≤10% back
SHORT
ArcusPONS-USD
0.5497+0.1092get 0.0136% / 1h59m 37s$85K$241K4xShort Arcus5% off
Price gap−0.038%
Funding gap+0.0853% /8h

Funding pays +$26 a day on $10k, but the gap is 0.122% under its 7d average: −$12 if it goes back, about 11 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$43+0.0853% /8h now · paid +0.426% over the last 3 days (all we have)
Price−$12spread −0.038% now, avg +0.084% → −0.122% if it goes back
Costs−$470.475% of $10k · taker + slippage, in and out
Result−$17−0.17%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.038%
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 · 4 to watch
  • Watch: Large against open interest11.7 / 12.6 bp
    $10k is over 10% of Arcus’s open interest.
  • Note: Margin at max leverage$500 + $2,500
    Aster 20x, Arcus 4x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$25.60Long Aster: 6 payments, −$7.16; short Arcus: 24 payments, +$32.76.
  • Watch: Gap narrower than usual−0.038% vs +0.084%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$85K vs $1.2M OI
    Arcus sets your exit cost. Check its book before closing.
  • OK: Points on a legAster Stage 5
    Volume here counts toward the points program.
  • OK: No KYC on either legAster No · Arcus 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+0.0568%/8h × 21 periods+$119.26
Price spread−0.038% → +0.084% (7d avg)−$12.21
Slippage, 4 orderslive order books−$34.96
Fee Aster bp × 2 orders−$8.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$59.58
Costs to cover0.475%Break-even3.5 days
Slippage: Aster: live order book, 5 min ago; Arcus: live order book, 60 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAster2.1911.7 bp−$1232.5 bp−$325doesn’t fitdoesn’t fit
SELL · SHORTArcus8.7012.6 bp−$1325.1 bp−$251doesn’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 ↗