PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PONSUSD	0.5440	+0.1905	pay 0.0238% / 1h	42m 39s	$62K	$72K	20x	Long Kraken Futures
SHORT	InjectivePONS/USDC PERP	0.5734	+0.4714	get 0.0589% / 1h	42m 39s	$1K	$4K	5x	Short Injective

Price gap+5.404%

Funding gap+0.2809% /8h

Both sides work: funding pays +$84 a day on $10k, and the gap is 5.404% above zero (no 7-day history yet): +$540 more if it goes back.

If you open now and hold

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

Funding—+0.2809% /8h now · no funding history yet

Price—spread +5.404% now · no price history on both exchanges yet

Costsno datano order book for Kraken Futures and Injective

Result, before costs—no pointsneeds funding history

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

Injective price against Kraken Futuresnow

RANGE STATS · 7D

Now+5.404%

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 · 2 to watch

Note: Order book unknown—
No order-book sample for Kraken Futures and Injective: its slippage is not counted.
Note: Margin at max leverage$500 + $2,000
Kraken Futures 20x, Injective 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: +$84.27Long Kraken Futures: 24 payments, −$57.16; short Injective: 24 payments, +$141.43.
Note: No 7-day spread history+5.404%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$1K vs $62K OI
Injective sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · Injective 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 earnedno history yet: current rate+$589.86

Price spread+5.404% → 0+$540.41

Slippage, 4 ordersno data for Kraken Futures and Injective—

Fee Kraken Futures bp × 2 orders−$10.00

Fee Injective bp × 2 orders−$0.02

Net, fees only · 7 days · $10k+$1,120.25

Costs to cover0.100%Break-evenfrom the start

Slippage: Kraken Futures: no order-book sample; Injective: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures—————

SELL · SHORTInjective—————

Closing costs about the same again.
Kraken Futures and Injective: no data.

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 ↗