PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterPONS	0.5495	+0.0304	pay 0.0038% / 1h	44m 58s	$2.6M	$2.5M	3x	Long Lighter7d free
SHORT	ArcusPONS-USD	0.5496	+0.1121	get 0.0140% / 1h	44m 58s	$77K	$205K	4x	Short Arcus5% off

Price gap+0.013%

Funding gap+0.0817% /8h

Funding pays +$25 a day on $10k, but the gap is 0.048% under its 7d average: −$5 if it goes back, about 5 hours of funding. At the last 7 days' pace that is about 31 hours.

If you open now and hold

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

Funding+$9+0.0817% /8h now · paid +0.091% over the last 2 days (all we have)

Price−$5spread +0.013% now, avg +0.061% → −0.048% if it goes back

Costs−$380.384% of $10k · taker + slippage, in and out

Result−$34−0.34%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 2 days it paid +0.091% in total, about +0.0124%/8h on average.

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+0.013%

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

3 ok · 3 to watch

Watch: Large against open interest4.8 / 12.6 bp
$10k is over 10% of Arcus’s open interest.
Note: Margin at max leverage$3,333 + $2,500
Lighter 3x, Arcus 4x. 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: +$24.51Long Lighter: 24 payments, −$9.12; short Arcus: 24 payments, +$33.63.
Watch: Gap narrower than usual+0.013% vs +0.061%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$77K vs $2.6M OI
Arcus sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legLighter No · Arcus No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0124%/8h × 21 periods+$25.94

Price spread+0.013% → +0.061% (7d avg)−$4.83

Slippage, 4 orderslive order books−$33.87

Fee Lighter bp × 2 orders$0.00

Fee Arcus bp × 2 orders−$4.50

Net · 7 days · $10k−$17.27

Costs to cover0.384%Break-even11.7 days

Slippage: Lighter: live order book, 4 min ago; Arcus: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter4.294.8 bp−$56.9 bp−$69187.5 bp−$18.7Kdoesn’t fit

SELL · SHORTArcus8.7012.6 bp−$1325.1 bp−$251doesn’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 ↗