PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitPONS_USDC-PERPETUAL	0.2279	+0.1068	pay 0.0134% / 1h	2m 11s	$12K	$161K	25x	Long Deribit
SHORT	AsterPONSUSDT	0.2287	+0.0128	get 0.0064% / 4h	2m 11s	$412K	$902K	20x	Short Aster≤10% back

Price gap+0.331%

Funding gap−0.0941% /8h

The gap pays +$28 on $10k if it goes back to its 7d average, but funding costs $28 a day and eats that in about 24 hours. At the last 7 days' pace that is about 4.6 days.

If you open now and hold

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

Funding−$42−0.0941% /8h now · paid −0.420% over the last 7D

Price+$28spread +0.331% now, avg +0.054% → +0.277% if it goes back

Costs−$720.723% of $10k · taker + slippage, in and out

Result−$87−0.87%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.420% in total, about −0.0200%/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+0.331%

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

2 ok · 4 to watch

Watch: Thin at this size23.2 / 12.1 bp
At $10k entering Deribit costs 23.2 bp, fee and slippage, 1.9× Aster’s.
Note: Margin at max leverage$400 + $500
Deribit 25x, Aster 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$28.22Long Deribit: 24 payments, −$32.04; short Aster: 6 payments, +$3.83.
OK: Entry gap works for you+0.331% vs +0.054%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$12K vs $412K 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: KYCDeribit Yes · Aster No
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−0.0200%/8h × 21 periods−$42.00

Price spread+0.331% → +0.054% (7d avg)+$27.68

Slippage, 4 orderslive order books−$57.34

Fee Deribit bp × 2 orders−$7.00

Fee Aster bp × 2 orders−$8.00

Net · 7 days · $10k−$86.65

Costs to cover0.723%Break-evennever at this rate

Slippage: Deribit: live order book, 25 min ago; Aster: live order book, 34 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit19.6623.2 bp−$23doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTAster4.9512.1 bp−$1248.3 bp−$483doesn’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