PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GatePONS_USDT	0.1869	+0.1094	pay 0.0547% / 4h	1h 12m	$17.2M	$3.2M	20x	Long Gate
SHORT	Variational OmniPONS	0.1858	+0.0100	get 0.0050% / 4h	1h 12m	$565K	$1.5M	50x	Short Variational Omni+15% pts

Price gap−0.611%

Funding gap−0.0994% /8h

Both sides work against this direction now: funding costs $30 a day on $10k and the gap is 0.437% under its 7d average. Swap the legs.

If you open now and hold

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

Funding+$13−0.0994% /8h now · paid +0.133% over the last 7D

Price−$44spread −0.611% now, avg −0.174% → −0.437% if it goes back

Costs−$1871.873% of $10k · taker + slippage, in and out

Result−$218−2.18%+ Points / potential airdropVariational Omni: points · farm board

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.133% in total, about +0.0063%/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−0.611%

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

2 ok · 4 to watch

Watch: Thin at this size45.8 / 45.8 bp
At $10k entering Gate costs 45.8 bp, fee and slippage, 1.0× Variational Omni’s.
Note: Margin at max leverage$500 + $200
Gate 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$29.82Long Gate: 6 payments, −$32.82; short Variational Omni: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.611% vs −0.174%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$565K vs $17.2M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCGate Yes · Variational Omni No
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0063%/8h × 21 periods+$13.32

Price spread−0.611% → −0.174% (7d avg)−$43.74

Slippage, 4 orderslive order books−$172.28

Fee Gate bp × 2 orders−$15.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$217.70

Costs to cover1.873%Break-even121.4 days

Slippage: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate5.3745.8 bp−$46doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTVariational Omni8.0745.8 bp−$4678.1 bp−$781doesn’t fitdoesn’t fit

Closing costs about the same again.

PONS news

posts that mention PONS, from every exchange

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