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

PHAROS

All PHAROS markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BloFinPHAROS-USDT
0.5179+0.0149pay 0.0075% / 4h1h 01m$255K$10K20xLong BloFin
SHORT
OKXPROS-USDT-SWAP
0.5151+0.0100get 0.0050% / 4h1h 01m$810K$549K10xShort OKX
Price gap−0.541%110s
Funding gap−0.0049% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.259% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$77−0.0049% /8h now · paid −0.770% over the last 7D
Price—spread −0.541%110s now · prices read too far apart to compare
Costs−$1921.919% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

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−0.541%
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

1 ok · 4 to watch
  • Watch: Thin at this size53.4 / 46.1 bp
    At $10k entering BloFin costs 53.4 bp, fee and slippage, 1.2× OKX’s.
  • Note: Margin at max leverage$500 + $1,000
    BloFin 20x, OKX 10x. 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: −$1.48Long BloFin: 6 payments, −$4.48; short OKX: 6 payments, +$3.00.
  • Watch: Prices read 110 s apart−0.541% vs −0.282%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$255K vs $810K OI
    BloFin sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBloFin Limited · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0367%/8h × 21 periods−$77.04
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$169.87
Fee BloFin bp × 2 orders−$12.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$268.91
price spread not counted: prices read too far apart
Costs to cover1.919%Break-evennever at this rate
Slippage: BloFin: live order book, 42 min ago; OKX: live order book, 47 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBloFin3.8553.4 bp−$53doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX6.7646.1 bp−$46doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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