Funding arb · Price arb / Crypto
PHAROS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6246 | +0.0100 | pay 0.0050% / 4h | 57m 16s | $153K | $16K | 5x | Long Aster≤10% back | |
| SHORT | 0.6257 | +0.0100 | get 0.0050% / 4h | 57m 16s | $1.1M | $822K | 10x | Short OKX |
Price gap+0.179%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$25 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 forecastFunding−$590.0000% /8h now · paid −0.594% over the last 7D
Price+$25spread +0.179% now, avg −0.076% → +0.255% if it goes back
Costs−$1551.550% of $10k · taker + slippage, in and out
Result−$189−1.89%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / 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+0.179%
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
/8hPHAROS on 10 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size35.2 / 40.4 bpAt $10k entering OKX costs 40.4 bp, fee and slippage, 1.1× Aster’s.
- Note: Margin at max leverage$2,000 + $1,000Aster 5x, OKX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Aster: 6 payments, −$3.00; short OKX: 6 payments, +$3.00.
- OK: Entry gap works for you+0.179% vs −0.076%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$153K vs $1.1M OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCAster No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0283%/8h × 21 periods−$59.37
Price spread+0.179% → −0.076% (7d avg)+$25.46
Slippage, 4 orderslive order books−$136.97
Fee Aster bp × 2 orders−$8.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$188.88
Costs to cover1.550%Break-evennever at this rate
Slippage: Aster: live order book, 14 min ago; OKX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster12.0635.2 bp−$35doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX3.2140.4 bp−$40doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.