PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PONSUSD	0.5304	−0.2034	get 0.0254% / 1h	32m 43s	$87K	$453K	20x	Long Kraken Futures
SHORT	ExtendedPONS-USD	0.5288	+0.0104	get 0.0013% / 1h	32m 43s	$200K	$512K	5x	Short Extended10% off

Price gap−0.301%

Funding gap+0.2138% /8h

Funding pays +$64 a day on $10k, but the gap is 0.282% under its 7d average: −$28 if it goes back, about 11 hours of funding.

Funding on this pair cost 1.805% over the last 7 days: the rate has only just turned.

If you open now and hold

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

Funding−$180+0.2138% /8h now · paid −1.805% over the last 5 days (all we have)

Price−$28spread −0.301% now, avg −0.019% → −0.282% if it goes back

Costs−$1191.193% of $10k · taker + slippage, in and out

Result−$328−3.28%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitKraken Futures: thin, under $1M open interest · Extended: 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−0.301%

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

2 ok · 4 to watch

Watch: Thin at this size31.1 / 24.5 bp
At $10k entering Kraken Futures costs 31.1 bp, fee and slippage, 1.3× Extended’s.
Note: Margin at max leverage$500 + $2,000
Kraken Futures 20x, Extended 5x. 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: +$64.13Long Kraken Futures: 24 payments, +$61.01; short Extended: 24 payments, +$3.12.
Watch: Gap narrower than usual−0.301% vs −0.019%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$87K 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: KYCKraken Futures Yes · Extended No
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Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.1142%/8h × 21 periods−$239.79

Price spread−0.301% → −0.019% (7d avg)−$28.23

Slippage, 4 orderslive order books−$104.34

Fee Kraken Futures bp × 2 orders−$10.00

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k−$387.36

Costs to cover1.193%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 60 min ago; Extended: live order book, 59 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures19.7631.1 bp−$31doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTExtended10.2424.5 bp−$25173.6 bp−$1,736doesn’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 ↗