PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	edgeXPONSUSDC	0.5018	+0.0210	pay 0.0105% / 4h	3h 54m	$25K	$253K	10x	Long edgeX
SHORT	Kraken FuturesPF_PONSUSD	0.5003	+0.1252	get 0.0156% / 1h	54m 09s	$46K	$163K	20x	Short Kraken Futures

Price gap−0.305%76s

Funding gap+0.1042% /8h

Funding pays +$31 a day on $10k, but the gap is 0.311% under its 7d average: −$31 if it goes back, about 24 hours of funding.

The two prices were read 76 s apart: part of this gap may be the market moving.

If you open now and hold

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

Funding+$160+0.1042% /8h now · paid +1.602% over the last 5 days (all we have)

Price—spread −0.305%76s now · prices read too far apart to compare

Costs−$1151.149% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropedgeX: points · farm boardneeds both prices read together

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

Kraken Futures price against edgeXnow

RANGE STATS · 7D

Now−0.305%

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

1 ok · 5 to watch

Watch: Thin at this size21.0 / 33.0 bp
At $10k entering Kraken Futures costs 33.0 bp, fee and slippage, 1.6× edgeX’s.
Note: Margin at max leverage$1,000 + $500
edgeX 10x, Kraken Futures 20x. 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: +$31.25Long edgeX: 6 payments, −$6.30; short Kraken Futures: 24 payments, +$37.55.
Watch: Prices read 76 s apart−0.305% vs +0.006%
Part of this gap may be the market moving.
Watch: Long leg is thinner$25K vs $46K OI
edgeX sets your exit cost. Check its book before closing.
OK: Points on a legedgeX points
Volume here counts toward the points program.
Watch: KYCedgeX No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.1186%/8h × 21 periods+$249.04

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$95.94

Fee edgeX bp × 2 orders−$9.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k+$134.10

price spread not counted: prices read too far apart

Costs to cover1.149%Break-even3.2 days

Slippage: edgeX: live order book, 58 min ago; Kraken Futures: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGedgeX12.0221.0 bp−$21doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTKraken Futures10.0333.0 bp−$33doesn’t fitdoesn’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 ↗