PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PONSUSD	0.2257	+0.1396	pay 0.0175% / 1h	2m 36s	$396K	$260K	20x	Long Kraken Futures
SHORT	AZversepons_usdt	0.2257	+0.0070	get 0.0009% / 1h	2m 36s	$124K	$25K	—	Short AZverse

Price gap−0.020%

Funding gap−0.1326% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $40 a day and eats that in about 2 hours.

If you open now and hold

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

Funding−$27−0.1326% /8h now · paid −0.269% over the last 19 hours (all we have)

Price+$4spread −0.020% now, avg −0.059% → +0.038% if it goes back

Costsno datano order book for AZverse

Result, before costs−$23−0.23%no pointscosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest

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−0.020%

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 · 2 to watch

Note: Order book unknown—
No order-book sample for AZverse: its slippage is not counted.
Note: Margin at max leverage$500 + —
Kraken Futures 20x, AZverse —. 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: −$39.78Long Kraken Futures: 24 payments, −$41.88; short AZverse: 24 payments, +$2.10.
OK: Entry gap works for you−0.020% vs −0.059%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$124K vs $396K OI
AZverse sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · AZverse No
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−0.1134%/8h × 21 periods−$238.23

Price spread−0.020% → −0.059% (7d avg)+$3.80

Slippage, 4 ordersno data for AZverse—

Fee Kraken Futures bp × 2 orders−$10.00

Fee AZverse bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$256.42

Costs to cover0.220%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 41 min ago; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures6.6225.3 bp−$2576.4 bp−$764doesn’t fitdoesn’t fit

SELL · SHORTAZverse—————

Closing costs about the same again.
AZverse: no data.

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