PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedPONS-USD	0.5281	+0.0104	pay 0.0013% / 1h	59m 14s	$200K	$512K	5x	Long Extended10% off
SHORT	Kraken FuturesPF_PONSUSD	0.5298	+0.3621	get 0.0453% / 1h	59m 14s	$77K	$476K	20x	Short Kraken Futures

Price gap+0.321%

Funding gap+0.3517% /8h

Both sides work: funding pays +$106 a day on $10k, and the gap is 0.302% above its 7d average: +$30 more if it goes back.

If you open now and hold

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

Funding+$180+0.3517% /8h now · paid +1.805% over the last 5 days (all we have)

Price+$30spread +0.321% now, avg +0.019% → +0.302% if it goes back

Costs−$1181.179% of $10k · taker + slippage, in and out

Result+$93+0.93%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 5 days it paid +1.805% in total, about +0.1137%/8h on average.

Price and funding

1h · history

Entry / ExitExtended: thin, under $1M open interest · Kraken Futures: thin, under $1M open interest

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+0.321%

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 32 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size23.0 / 23.1 bp
At $10k entering Kraken Futures costs 23.1 bp, fee and slippage, 1.0× Extended’s.
Note: Margin at max leverage$2,000 + $500
Extended 5x, Kraken Futures 20x. 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: +$105.52Long Extended: 24 payments, −$3.12; short Kraken Futures: 24 payments, +$108.64.
OK: Entry gap works for you+0.321% vs +0.019%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$77K vs $200K OI
Kraken Futures sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
Watch: KYCExtended 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+0.1137%/8h × 21 periods+$238.75

Price spread+0.321% → +0.019% (7d avg)+$30.18

Slippage, 4 orderslive order books−$102.94

Fee Extended bp × 2 orders−$5.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k+$150.98

Costs to cover1.179%Break-even2.6 days

Slippage: Extended: live order book, 19 min ago; Kraken Futures: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGExtended8.8223.0 bp−$23160.7 bp−$1,607doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures16.0623.1 bp−$23doesn’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 ↗