PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixPONS	0.5016	+0.0411	pay 0.0051% / 1h	54m 32s	$124K	$636K	3x	Long Phoenix
SHORT	Kraken FuturesPF_PONSUSD	0.4995	+0.1254	get 0.0157% / 1h	54m 32s	$46K	$163K	20x	Short Kraken Futures

Price gap−0.406%

Funding gap+0.0842% /8h

Funding pays +$25 a day on $10k, but the gap is 0.359% under its 7d average: −$36 if it goes back, about 34 hours of funding. At the last 7 days' pace that is about 6.0 days.

If you open now and hold

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

Funding+$27+0.0842% /8h now · paid +0.271% over the last 5 days (all we have)

Price−$36spread −0.406% now, avg −0.047% → −0.359% if it goes back

Costs−$1181.184% of $10k · taker + slippage, in and out

Result−$127−1.27%no pointsWhat 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 5 days it paid +0.271% in total, about +0.0201%/8h on average.

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Kraken Futures price against Phoenixnow

RANGE STATS · 7D

Now−0.406%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PONS on 31 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size24.2 / 33.0 bp
At $10k entering Kraken Futures costs 33.0 bp, fee and slippage, 1.4× Phoenix’s.
Note: Margin at max leverage$3,333 + $500
Phoenix 3x, Kraken Futures 20x. 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: +$25.27Long Phoenix: 24 payments, −$12.34; short Kraken Futures: 24 payments, +$37.61.
Watch: Gap narrower than usual−0.406% vs −0.047%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$46K vs $124K OI
Kraken Futures sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0201%/8h × 21 periods+$42.12

Price spread−0.406% → −0.047% (7d avg)−$35.89

Slippage, 4 orderslive order books−$101.41

Fee Phoenix bp × 2 orders−$7.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$112.18

Costs to cover1.184%Break-even25.6 days

Slippage: Phoenix: live order book, 53 min ago; Kraken Futures: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix4.4424.2 bp−$2484.4 bp−$844doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures10.0333.0 bp−$33doesn’t fitdoesn’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 ↗