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
BitgetPROSUSDT
0.6158+0.0100pay 0.0050% / 4h7m 16s$1.4M$441K20xLong Bitget
SHORT
AsterPROSUSDT
0.6157+0.0100get 0.0050% / 4h7m 16s$150K$16K5xShort Aster≤10% back
Price gap−0.015%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.054% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$300.0000% /8h now · paid +0.299% over the last 7D
Price−$5spread −0.015% now, avg +0.039% → −0.054% if it goes back
Costs−$1441.439% of $10k · taker + slippage, in and out
Result−$119−1.19%+ 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−0.015%
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

2 ok · 4 to watch
  • Watch: Thin at this size30.6 / 41.6 bp
    At $10k entering Aster costs 41.6 bp, fee and slippage, 1.4× Bitget’s.
  • Note: Margin at max leverage$500 + $2,000
    Bitget 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 Bitget: 6 payments, −$3.00; short Aster: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.015% vs +0.039%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$150K vs $1.4M 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: KYCBitget Yes · Aster No
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0142%/8h × 21 periods+$29.87
Price spread−0.015% → +0.039% (7d avg)−$5.41
Slippage, 4 orderslive order books−$123.92
Fee Bitget bp × 2 orders−$12.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$119.46
Costs to cover1.439%Break-even35.0 days
Slippage: Bitget: live order book, 2 min ago; Aster: live order book, 64 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget12.2030.6 bp−$31136.8 bp−$1,368doesn’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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