PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexPONSUSDT	0.5491	+0.0100	pay 0.0050% / 4h	1h 44m	$2.2M	$2.8M	20x	Long Phemex
SHORT	ArcusPONS-USD	0.5499	+0.1131	get 0.0141% / 1h	44m 48s	$77K	$205K	4x	Short Arcus5% off

Price gap+0.151%

Funding gap+0.1031% /8h

Both sides work: funding pays +$31 a day on $10k, and the gap is 0.074% above its 7d average: +$7 more if it goes back.

If you open now and hold

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

Funding+$46+0.1031% /8h now · paid +0.465% over the last 2 days (all we have)

Price+$7spread +0.151% now, avg +0.077% → +0.074% if it goes back

Costs−$1001.000% of $10k · taker + slippage, in and out

Result−$46−0.46%no pointsWhat 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+0.151%

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 size42.3 / 12.6 bp
At $10k entering Phemex costs 42.3 bp, fee and slippage, 3.4× Arcus’s.
Note: Margin at max leverage$500 + $2,500
Phemex 20x, Arcus 4x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$30.92Long Phemex: 6 payments, −$3.00; short Arcus: 24 payments, +$33.92.
OK: Entry gap works for you+0.151% vs +0.077%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$77K vs $2.2M OI
Arcus sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhemex Yes · Arcus No
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0627%/8h × 21 periods+$131.77

Price spread+0.151% → +0.077% (7d avg)+$7.45

Slippage, 4 orderslive order books−$83.55

Fee Phemex bp × 2 orders−$12.00

Fee Arcus bp × 2 orders−$4.50

Net · 7 days · $10k+$39.17

Costs to cover1.000%Break-even4.9 days

Slippage: Phemex: live order book, 5 min ago; Arcus: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex6.4142.3 bp−$42162.2 bp−$1,622doesn’t fitdoesn’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 ↗