Settings8H · net · $10k
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Funding arb · Price arb / Crypto

PONS

All PONS markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotPONSUSDT
0.1932spotno funding——$2.0M1xBuy Bybit Spot
SHORT
BybitPONSUSDT
0.1929+0.0100get 0.0050% / 4h3h 46m$9.3M$12.4M20xShort Bybit
Price gap−0.155%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.137% under its 7d average: −$14 if it goes back, about 4.6 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$19+0.0100% /8h now · paid +0.189% over the last 7D
Price−$14spread −0.155% now, avg −0.018% → −0.137% if it goes back
Costs−$1451.446% of $10k · taker + slippage, in and out
Result−$139−1.39%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.155%
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 34 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size51.6 / 22.1 bp
    At $10k entering Bybit Spot costs 51.6 bp, fee and slippage, 2.3× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Bybit runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Bybit settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.155% vs −0.018%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$9.3M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    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+0.0090%/8h × 21 periods+$18.87
Price spread−0.155% → −0.018% (7d avg)−$13.74
Slippage, 4 orderslive order books−$113.61
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$139.48
Costs to cover1.446%Break-even58.7 days
Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot2.6451.6 bp−$52doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit2.6222.1 bp−$2273.2 bp−$732doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PONS news

posts that mention PONS, from every exchange
10-22 07:46PhemexListingSpot 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 10:02DeribitListing🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗
10-15 10:01DeribitListingnew market PONS_USDC-PERPETUAL ($PONS) seen by our collector
10-05 02:16SoDEXOther📊 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 $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗
09-29 02:27ArcusListing$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