Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PONS

All PONS markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PacificaPONS
0.5638+0.1407pay 0.0176% / 1h8m 39s$137K$112K3xLong Pacifica10% back
SHORT
ArcusPONS-USD
0.5642+0.1266get 0.0158% / 1h8m 39s$54K$472K4xShort Arcus5% off
Price gap+0.069%
Funding gap−0.0142% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.029% under its 7d average. Swap the legs.

Funding on this pair paid 0.061% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$6−0.0142% /8h now · paid +0.061% over the last 2 days (all we have)
Price−$3spread +0.069% now, avg +0.098% → −0.029% if it goes back
Costs−$680.677% of $10k · taker + slippage, in and out
Result−$65−0.65%+ Points / potential airdropPacifica: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.069%
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: Thin at this size22.2 / 11.1 bp
    At $10k entering Pacifica costs 22.2 bp, fee and slippage, 2.0× Arcus’s.
  • Note: Margin at max leverage$3,333 + $2,500
    Pacifica 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: −$4.25Long Pacifica: 24 payments, −$42.21; short Arcus: 24 payments, +$37.97.
  • Watch: Gap narrower than usual+0.069% vs +0.098%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$54K vs $137K OI
    Arcus sets your exit cost. Check its book before closing.
  • OK: Points on a legPacifica points
    Volume here counts toward the points program.
  • OK: No KYC on either legPacifica 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+0.0122%/8h × 21 periods+$25.54
Price spread+0.069% → +0.098% (7d avg)−$2.89
Slippage, 4 orderslive order books−$55.21
Fee Pacifica bp × 2 orders−$8.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$45.06
Costs to cover0.677%Break-even19.4 days
Slippage: Pacifica: live order book, 6 min ago; Arcus: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPacifica9.3122.2 bp−$22doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTArcus7.4711.1 bp−$1128.4 bp−$284doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PONS news

posts that mention PONS, from every exchangeSearch all news →
09-29 11:00gTrade (Gains Network)ListingPONS/USD no longer reported ($PONS) seen by our collector
09-29 02:27ArcusListing$PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗
09-28 19:23ArcusListingnew market PONS-USD ($PONS) seen by our collector
09-25 11:16Kraken FuturesListingnew market PF_PONSUSD ($PONS) seen by our collector
09-22 17:11AvantisListingnew market PONS/USD ($PONS) seen by our collector
09-22 13:03BybitOther📣 $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 ↗