PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixPONS	0.2369	−0.0170	get 0.0021% / 1h	19m 51s	$7K	$88K	3x	Long Phoenix
SHORT	TxFlowPONS-USDC	0.2371	+0.0100	get 0.0013% / 1h	19m 51s	$98K	$265K	10x	Short TxFlow5% off

Price gap+0.072%

Funding gap+0.0270% /8h

Both sides work: funding pays +$8 a day on $10k, and the gap is 0.072% above zero (no 7-day history yet): +$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+$57+0.0270% /8h now · paid +0.569% over the last 7D

Price—spread +0.072% now · no price history on both exchanges yet

Costs−$670.674% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropTxFlow: points · farm boardneeds both price histories

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+0.072%

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

3 ok · 2 to watch

Watch: Thin at this size18.5 / 12.0 bp
At $10k entering Phoenix costs 18.5 bp, fee and slippage, 1.5× TxFlow’s.
Note: Margin at max leverage$3,333 + $1,000
Phoenix 3x, 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: +$8.11Long Phoenix: 24 payments, +$5.11; short TxFlow: 24 payments, +$3.00.
Note: No 7-day spread history+0.072%
The gap cannot be compared with its average yet.
Watch: Long leg is thinner$7K vs $98K OI
Phoenix sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
OK: No KYC on either legPhoenix 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+0.0271%/8h × 21 periods+$56.93

Price spread+0.072% → 0+$7.18

Slippage, 4 orderslive order books−$51.44

Fee Phoenix bp × 2 orders−$7.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$3.33

Costs to cover0.674%Break-even7.4 days

Slippage: Phoenix: live order book, 5 min ago; TxFlow: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix2.9518.5 bp−$1860.3 bp−$603doesn’t fitdoesn’t fit

SELL · SHORTTxFlow4.2312.0 bp−$1246.4 bp−$464doesn’t fitdoesn’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