PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitPONSUSDT	0.5111	+0.0100	pay 0.0050% / 4h	3h 15m	$15.5M	$40.8M	20x	Long Bybit
SHORT	ArcusPONS-USD	0.5109	+0.0448	get 0.0056% / 1h	15m 02s	$50K	$442K	4x	Short Arcus5% off

Price gap−0.039%

Funding gap+0.0348% /8h

Funding pays +$10 a day on $10k, but the gap is 0.146% under its 7d average: −$15 if it goes back, about 34 hours of funding.

If you open now and hold

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

Funding+$22+0.0348% /8h now · paid +0.215% over the last 1 day (all we have)

Price−$15spread −0.039% now, avg +0.107% → −0.146% if it goes back

Costs−$570.571% of $10k · taker + slippage, in and out

Result−$50−0.50%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

Arcus price against Bybitnow

RANGE STATS · 7D

Now−0.039%

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

0 ok · 5 to watch

Watch: Thin at this size17.9 / 6.2 bp
At $10k entering Bybit costs 17.9 bp, fee and slippage, 2.9× Arcus’s.
Note: Margin at max leverage$500 + $2,500
Bybit 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: +$10.43Long Bybit: 6 payments, −$3.00; short Arcus: 24 payments, +$13.43.
Watch: Gap narrower than usual−0.039% vs +0.107%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$50K vs $15.5M OI
Arcus sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBybit Yes · Arcus No
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0579%/8h × 21 periods+$121.53

Price spread−0.039% → +0.107% (7d avg)−$14.61

Slippage, 4 orderslive order books−$41.57

Fee Bybit bp × 2 orders−$11.00

Fee Arcus bp × 2 orders−$4.50

Net · 7 days · $10k+$49.86

Costs to cover0.571%Break-even4.1 days

Slippage: Bybit: live order book, 4 min ago; Arcus: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit0.9917.9 bp−$1843.3 bp−$433doesn’t fitdoesn’t fit

SELL · SHORTArcus3.226.2 bp−$619.2 bp−$192doesn’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 ↗