Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
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
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

PHAROS

All PHAROS markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitPHAROSUSDT
0.6160+0.0100pay 0.0050% / 4h6m 18s$1.1M$230K20xLong Bybit
SHORT
AsterPROSUSDT
0.6155+0.0100get 0.0050% / 4h6m 18s$150K$16K5xShort Aster≤10% back
Price gap−0.087%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$350.0000% /8h now · paid +0.348% over the last 7D
Price+$1spread −0.087% now, avg −0.096% → +0.009% if it goes back
Costs−$2872.873% of $10k · taker + slippage, in and out
Result−$252−2.52%+ 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−0.087%
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 · 3 to watch
  • Watch: Thin at this size110.1 / 41.6 bp
    At $10k entering Bybit costs 110.1 bp, fee and slippage, 2.6× Aster’s.
  • Note: Margin at max leverage$500 + $2,000
    Bybit 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 Bybit: 6 payments, −$3.00; short Aster: 6 payments, +$3.00.
  • Note: Gap at its usual level−0.087% vs −0.096%
    The price leg adds little either way.
  • Watch: Short leg is thinner$150K vs $1.1M 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: KYCBybit Yes · Aster No
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0166%/8h × 21 periods+$34.80
Price spread−0.087% → −0.096% (7d avg)+$0.90
Slippage, 4 orderslive order books−$268.32
Fee Bybit bp × 2 orders−$11.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$251.62
Costs to cover2.873%Break-even57.6 days
Slippage: Bybit: live order book, 4 min ago; Aster: live order book, 65 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit4.05110.1 bp−$110doesn’t fitdoesn’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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