PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowPONS-USDC	0.2232	+0.0100	pay 0.0013% / 1h	3m 21s	$61K	$226K	10x	Long TxFlow5% off
SHORT	Kraken FuturesPF_PONSUSD	0.2235	+0.0956	get 0.0120% / 1h	3m 21s	$404K	$228K	20x	Short Kraken Futures

Price gap+0.135%

Funding gap+0.0856% /8h

Funding trade: +$26 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

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

Funding+$80+0.0856% /8h now · paid +0.796% over the last 7D

Price+$1spread +0.135% now, avg +0.129% → +0.007% if it goes back

Costs−$640.635% of $10k · taker + slippage, in and out

Result+$17+0.17%+ Points / potential airdropTxFlow: 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+0.135%

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

2 ok · 3 to watch

Watch: Large against open interest13.8 / 13.2 bp
$10k is over 10% of TxFlow’s open interest.
Note: Margin at max leverage$1,000 + $500
TxFlow 10x, 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: +$25.68Long TxFlow: 24 payments, −$3.00; short Kraken Futures: 24 payments, +$28.68.
Note: Gap at its usual level+0.135% vs +0.129%
The price leg adds little either way.
Watch: Long leg is thinner$61K vs $404K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCTxFlow No · Kraken Futures Yes
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Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0379%/8h × 21 periods+$79.59

Price spread+0.135% → +0.129% (7d avg)+$0.67

Slippage, 4 orderslive order books−$44.52

Fee TxFlow bp × 2 orders−$9.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k+$16.74

Costs to cover0.635%Break-even5.5 days

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

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow2.2313.8 bp−$1453.9 bp−$539doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures4.4613.2 bp−$1347.3 bp−$473doesn’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