Settings8H · net · $10k
LanguageThe language of the site
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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
BinancePHAROSUSDT
0.6154+0.0100pay 0.0050% / 4h6m 20s$5.7M$1.7M20xLong Binance
SHORT
AsterPROSUSDT
0.6155+0.0100get 0.0050% / 4h6m 20s$150K$16K5xShort Aster≤10% back
Price gap+0.003%
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$10 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+$10spread +0.003% now, avg −0.100% → +0.103% if it goes back
Costs−$1751.752% of $10k · taker + slippage, in and out
Result−$157−1.57%+ 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+0.003%
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 size41.2 / 41.6 bp
    At $10k entering Aster costs 41.6 bp, fee and slippage, 1.0× Binance’s.
  • Note: Margin at max leverage$500 + $2,000
    Binance 20x, Aster 5x. 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 Binance: 6 payments, −$3.00; short Aster: 6 payments, +$3.00.
  • OK: Entry gap works for you+0.003% vs −0.100%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$150K vs $5.7M 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: KYCBinance Yes · Aster No
    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+0.003% → −0.100% (7d avg)+$10.31
Slippage, 4 orderslive order books−$157.18
Fee Binance bp × 2 orders−$10.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$156.82
Costs to cover1.752%Break-even143.3 days
Slippage: Binance: live order book, 12 min ago; Aster: live order book, 65 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance3.2441.2 bp−$41353.9 bp−$3,539doesn’t fitdoesn’t fit
SELL · SHORTAster12.0641.6 bp−$42doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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