PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PONSUSD	0.5302	−0.2034	get 0.0254% / 1h	26m 23s	$81K	$460K	20x	Long Kraken Futures
SHORT	Lighter RHPONS	0.5285	+0.0312	get 0.0039% / 1h	26m 23s	$411K	$2.2M	3x	Short Lighter RH

Price gap−0.331%

Funding gap+0.2346% /8h

Funding pays +$70 a day on $10k, but the gap is 0.305% under its 7d average: −$31 if it goes back, about 10 hours of funding.

Funding on this pair cost 1.830% 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−$183+0.2346% /8h now · paid −1.830% over the last 5 days (all we have)

Price−$31spread −0.331% now, avg −0.026% → −0.305% if it goes back

Costs−$970.968% of $10k · taker + slippage, in and out

Result−$310−3.10%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitKraken Futures: thin, under $1M open interest · Lighter RH: 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−0.331%

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 size56.4 / 5.0 bp
At $10k entering Kraken Futures costs 56.4 bp, fee and slippage, 11.4× Lighter RH’s.
Note: Margin at max leverage$500 + $3,333
Kraken Futures 20x, Lighter RH 3x. 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: +$70.39Long Kraken Futures: 24 payments, +$61.03; short Lighter RH: 24 payments, +$9.36.
Watch: Gap narrower than usual−0.331% vs −0.026%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$81K vs $411K OI
Kraken Futures sets your exit cost. Check its book before closing.
OK: Points on a legLighter RH Points live
Volume here counts toward the points program.
Watch: KYCKraken Futures Yes · Lighter RH No
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Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.1157%/8h × 21 periods−$242.98

Price spread−0.331% → −0.026% (7d avg)−$30.52

Slippage, 4 orderslive order books−$86.81

Fee Kraken Futures bp × 2 orders−$10.00

Fee Lighter RH bp × 2 orders$0.00

Net · 7 days · $10k−$370.31

Costs to cover0.968%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 1 min ago; Lighter RH: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures21.6256.4 bp−$56doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTLighter RH3.785.0 bp−$547.1 bp−$471doesn’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 ↗