Settings8H · net · $10k
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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
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Funding arb · Price arb / Crypto

PHAROS

All PHAROS markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
AsterPROSUSDT
0.6224+0.0100pay 0.0050% / 4h58m 36s$152K$16K5xLong Aster≤10% back
SHORT
BinancePHAROSUSDT
0.6245+0.0100get 0.0050% / 4h58m 36s$5.8M$1.6M20xShort Binance
Price gap+0.335%
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$24 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$80.0000% /8h now · paid −0.081% over the last 7D
Price+$24spread +0.335% now, avg +0.099% → +0.236% if it goes back
Costs−$1611.613% of $10k · taker + slippage, in and out
Result−$146−1.46%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.335%
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

PHAROS on 10 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size35.2 / 48.8 bp
    At $10k entering Binance costs 48.8 bp, fee and slippage, 1.4× Aster’s.
  • Note: Margin at max leverage$2,000 + $500
    Aster 5x, Binance 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: $0.00Long Aster: 6 payments, −$3.00; short Binance: 6 payments, +$3.00.
  • OK: Entry gap works for you+0.335% vs +0.099%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$152K vs $5.8M OI
    Aster sets your exit cost. Check its book before closing.
  • OK: Points on a legAster Stage 5
    Volume here counts toward the points program.
  • Watch: KYCAster No · Binance Yes
    Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0038%/8h × 21 periods−$8.05
Price spread+0.335% → +0.099% (7d avg)+$23.58
Slippage, 4 orderslive order books−$143.31
Fee Aster bp × 2 orders−$8.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$145.78
Costs to cover1.613%Break-evennever at this rate
Slippage: Aster: live order book, 12 min ago; Binance: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAster12.0635.2 bp−$35doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.2048.8 bp−$49243.7 bp−$2,437doesn’t fitdoesn’t fit

Closing costs about the same again.

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