PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PONSUSD	0.5418	+0.0860	pay 0.0108% / 1h	10m 53s	$44K	$175K	20x	Long Kraken Futures
SHORT	Polymarket PerpsPONS-USD	0.5423	+0.0144	get 0.0018% / 1h	10m 53s	$46K	$1.2M	3x	Short Polymarket Perps

Price gap+0.102%

Funding gap−0.0717% /8h

The gap pays +$12 on $10k if it goes back to its 7d average, but funding costs $21 a day and eats that in about 13 hours.

If you open now and hold

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

Funding−$186−0.0717% /8h now · paid −1.861% over the last 5 days (all we have)

Price+$12spread +0.102% now, avg −0.016% → +0.118% if it goes back

Costs−$620.623% of $10k · taker + slippage, in and out

Result−$237−2.37%no pointsWhat the last 7D really paid, hour by hour → backtest

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

Polymarket Perps price against Kraken Futuresnow

RANGE STATS · 7D

Now+0.102%

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

2 ok · 3 to watch

Watch: Thin at this size18.8 / 6.2 bp
At $10k entering Kraken Futures costs 18.8 bp, fee and slippage, 3.0× Polymarket Perps’s.
Note: Margin at max leverage$500 + $3,333
Kraken Futures 20x, Polymarket Perps 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: −$21.50Long Kraken Futures: 24 payments, −$25.81; short Polymarket Perps: 24 payments, +$4.32.
OK: Entry gap works for you+0.102% vs −0.016%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$44K vs $46K OI
Kraken Futures sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · Polymarket Perps 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−0.1297%/8h × 21 periods−$272.31

Price spread+0.102% → −0.016% (7d avg)+$11.75

Slippage, 4 orderslive order books−$44.25

Fee Kraken Futures bp × 2 orders−$10.00

Fee Polymarket Perps bp × 2 orders−$8.00

Net · 7 days · $10k−$322.80

Costs to cover0.623%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 27 min ago; Polymarket Perps: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures7.2118.8 bp−$19doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPolymarket Perps2.206.2 bp−$620.9 bp−$209doesn’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 ↗