PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	NadoPONS-PERP	0.2236	−0.0025	get 0.0003% / 1h	3m 28s	$138K	$91K	5x	Long Nado20% off
SHORT	TxFlowPONS-USDC	0.2232	+0.0100	get 0.0013% / 1h	3m 28s	$61K	$226K	10x	Short TxFlow5% off

Price gap−0.169%

Funding gap+0.0125% /8h

Both sides work: funding pays +$4 a day on $10k, and the gap is 0.043% above its 7d average: +$4 more if it goes back.

If you open now and hold

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

Funding+$71+0.0125% /8h now · paid +0.707% over the last 7D

Price+$4spread −0.169% now, avg −0.212% → +0.043% if it goes back

Costs−$490.491% of $10k · taker + slippage, in and out

Result+$26+0.26%+ Points / potential airdropNado: points · TxFlow: 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−0.169%

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

4 ok · 2 to watch

Watch: Large against open interest12.8 / 10.5 bp
$10k is over 10% of TxFlow’s open interest.
Note: Margin at max leverage$2,000 + $1,000
Nado 5x, 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: +$3.76Long Nado: 24 payments, +$0.76; short TxFlow: 24 payments, +$3.00.
OK: Entry gap works for you−0.169% vs −0.212%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$61K vs $138K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legNado points · TxFlow points
Volume here counts toward the points program.
OK: No KYC on either legNado No · TxFlow 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+0.0337%/8h × 21 periods+$70.68

Price spread−0.169% → −0.212% (7d avg)+$4.28

Slippage, 4 orderslive order books−$33.12

Fee Nado bp × 2 orders−$7.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k+$25.84

Costs to cover0.491%Break-even4.4 days

Slippage: Nado: live order book, 20 min ago; TxFlow: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGNado0.8912.8 bp−$13982.4 bp−$9,824doesn’t fitdoesn’t fit

SELL · SHORTTxFlow2.2310.5 bp−$1034.3 bp−$343257.2 bp−$25.7Kdoesn’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