PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AsterPONSUSDT	0.2338	+0.0155	pay 0.0077% / 4h	58m 40s	$444K	$835K	20x	Long Aster≤10% back
SHORT	DeribitPONS_USDC-PERPETUAL	0.2334	+0.1037	get 0.0130% / 1h	58m 40s	$15K	$183K	25x	Short Deribit

Price gap−0.160%

Funding gap+0.0882% /8h

Funding pays +$26 a day on $10k, but the gap is 0.105% under its 7d average: −$11 if it goes back, about 10 hours of funding. At the last 7 days' pace that is about 44 hours.

If you open now and hold

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

Funding+$41+0.0882% /8h now · paid +0.406% over the last 7D

Price−$11spread −0.160% now, avg −0.054% → −0.105% if it goes back

Costs−$670.667% of $10k · taker + slippage, in and out

Result−$37−0.37%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.406% in total, about +0.0193%/8h on average.

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−0.160%

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 35 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

Watch: Thin at this size13.8 / 20.1 bp
At $10k entering Deribit costs 20.1 bp, fee and slippage, 1.5× Aster’s.
Note: Margin at max leverage$500 + $400
Aster 20x, Deribit 25x. 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: +$26.46Long Aster: 6 payments, −$4.65; short Deribit: 24 payments, +$31.11.
Watch: Gap narrower than usual−0.160% vs −0.054%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$15K vs $444K OI
Deribit sets your exit cost. Check its book before closing.
OK: Points on a legAster Stage 5
Volume here counts toward the points program.
Watch: KYCAster No · Deribit Yes
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0193%/8h × 21 periods+$40.61

Price spread−0.160% → −0.054% (7d avg)−$10.53

Slippage, 4 orderslive order books−$51.66

Fee Aster bp × 2 orders−$8.00

Fee Deribit bp × 2 orders−$7.00

Net · 7 days · $10k−$36.58

Costs to cover0.667%Break-even13.3 days

Slippage: Aster: live order book, 31 min ago; Deribit: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGAster4.4013.8 bp−$14114.8 bp−$1,148doesn’t fitdoesn’t fit

SELL · SHORTDeribit16.6320.1 bp−$20doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PONS news

posts that mention PONS, from every exchangeSearch all news →

10-22 07:46	Phemex	Listing	Spot New Listing - robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 \| @ponsdotfamily - Trading Pair: PONS/USDT - Trading Starts: 9:00 UTC, 22 Oct Trade it here ➡️ @Phemex_official on X ↗
10-15 10:02	Deribit	Listing	🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗
10-15 10:01	Deribit	Listing	new market PONS_USDC-PERPETUAL ($PONS) seen by our collector
10-05 02:16	SoDEX	Other	📊 SoDEX 24h Movers \| Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗
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