PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PONSUSD	0.2311	+0.0815	pay 0.0102% / 1h	12m 09s	$415K	$238K	20x	Long Kraken Futures
SHORT	TxFlowPONS-USDC	0.2310	+0.0100	get 0.0013% / 1h	12m 09s	$68K	$226K	10x	Short TxFlow5% off

Price gap−0.055%

Funding gap−0.0715% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $21 a day and eats that in about 8 hours.

If you open now and hold

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

Funding−$81−0.0715% /8h now · paid −0.813% over the last 7D

Price+$7spread −0.055% now, avg −0.129% → +0.074% if it goes back

Costs−$680.675% of $10k · taker + slippage, in and out

Result−$141−1.41%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

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−0.055%

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 35 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size23.1 / 11.2 bp
At $10k entering Kraken Futures costs 23.1 bp, fee and slippage, 2.1× TxFlow’s.
Note: Margin at max leverage$500 + $1,000
Kraken Futures 20x, TxFlow 10x. 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: −$21.45Long Kraken Futures: 24 payments, −$24.45; short TxFlow: 24 payments, +$3.00.
OK: Entry gap works for you−0.055% vs −0.129%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$68K vs $415K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCKraken Futures Yes · TxFlow No
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Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0387%/8h × 21 periods−$81.31

Price spread−0.055% → −0.129% (7d avg)+$7.41

Slippage, 4 orderslive order books−$48.54

Fee Kraken Futures bp × 2 orders−$10.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$141.44

Costs to cover0.675%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 10 min ago; TxFlow: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures8.7523.1 bp−$2342.2 bp−$422doesn’t fitdoesn’t fit

SELL · SHORTTxFlow2.1911.2 bp−$1140.0 bp−$400248.2 bp−$24.8Kdoesn’t fit

Closing costs about the same again.

PONS news

posts that mention PONS, from every exchangeSearch all news →

10-22 07:46	Phemex	Listing	Spot New Listing - robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 \| @ponsdotfamily - Trading Pair: PONS/USDT - Trading Starts: 9:00 UTC, 22 Oct Trade it here ➡️ @Phemex_official on X ↗
10-15 10:02	Deribit	Listing	🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗
10-15 10:01	Deribit	Listing	new market PONS_USDC-PERPETUAL ($PONS) seen by our collector
10-05 02:16	SoDEX	Other	📊 SoDEX 24h Movers \| Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗
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