PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AZversepons_usdt	0.2272	+0.0070	pay 0.0009% / 1h	6m 27s	$125K	$25K	—	Long AZverse
SHORT	HyperliquidPONS	0.2273	+0.0100	get 0.0013% / 1h	6m 27s	$18.4M	$5.6M	3x	Short Hyperliquid4% off

Price gap+0.022%

Funding gap+0.0030% /8h

Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

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

Funding$0+0.0030% /8h now · paid +0.005% over the last 18 hours (all we have)

Price−$1spread +0.022% now, avg +0.029% → −0.007% if it goes back

Costsno datano order book for AZverse

Result, before costs$00.00%+ Points / potential airdropHyperliquid: Season 2 · farm boardcosts unknown: no order book for AZverse · What 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+0.022%

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

3 ok · 1 to watch

Note: Order book unknown—
No order-book sample for AZverse: its slippage is not counted.
Note: Margin at max leverage— + $3,333
AZverse —, Hyperliquid 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: +$0.90Long AZverse: 24 payments, −$2.10; short Hyperliquid: 24 payments, +$3.00.
Note: Gap at its usual level+0.022% vs +0.029%
The price leg adds little either way.
Watch: Long leg is thinner$125K vs $18.4M OI
AZverse sets your exit cost. Check its book before closing.
OK: Points on a legHyperliquid Season 2
Volume here counts toward the points program.
OK: No KYC on either legAZverse No · Hyperliquid 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+0.0022%/8h × 21 periods+$4.58

Price spread+0.022% → +0.029% (7d avg)−$0.69

Slippage, 4 ordersno data for AZverse—

Fee AZverse bp × 2 orders−$12.00

Fee Hyperliquid bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$17.12

Costs to cover0.210%Break-even33.2 days

Slippage: AZverse: no order-book sample; Hyperliquid: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGAZverse—————

SELL · SHORTHyperliquid1.1015.8 bp−$1648.1 bp−$481doesn’t fitdoesn’t fit

Closing costs about the same again.
AZverse: no data.

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