PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PONSUSD	0.5330	+0.1381	pay 0.0173% / 1h	59m 18s	$53K	$253K	20x	Long Kraken Futures
SHORT	PopdexPONSUSDT	0.5327	+0.0096	get 0.0012% / 1h	59m 18s	$33K	$400K	20x	Short Popdex

Price gap−0.057%

Funding gap−0.1285% /8h

Both sides work against this direction now: funding costs $39 a day on $10k and the gap is 0.067% under its 7d average. Swap the legs.

If you open now and hold

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

Funding−$213−0.1285% /8h now · paid −2.134% over the last 5 days (all we have)

Price−$7spread −0.057% now, avg +0.010% → −0.067% if it goes back

Costs−$2912.910% of $10k · taker + slippage, in and out

Result−$511−5.11%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now−0.057%

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

1 ok · 4 to watch

Watch: Thin at this size36.1 / 97.9 bp
At $10k entering Popdex costs 97.9 bp, fee and slippage, 2.7× Kraken Futures’s.
Note: Margin at max leverage$500 + $500
Kraken Futures 20x, Popdex 20x. 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: −$38.56Long Kraken Futures: 24 payments, −$41.44; short Popdex: 24 payments, +$2.88.
Watch: Gap narrower than usual−0.057% vs +0.010%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$33K vs $53K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · Popdex 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−0.1377%/8h × 21 periods−$289.10

Price spread−0.057% → +0.010% (7d avg)−$6.68

Slippage, 4 orderslive order books−$274.64

Fee Kraken Futures bp × 2 orders−$10.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$586.82

Costs to cover2.910%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 57 min ago; Popdex: live order book, 58 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures8.5136.1 bp−$36doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPopdex7.6497.9 bp−$98doesn’t fitdoesn’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 ↗