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

PHAROS

All PHAROS markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitPHAROSUSDT
0.5175+0.0507pay 0.0254% / 4h1h 01m$906K$72K20xLong Bybit
SHORT
KuCoinPROSUSDTM
0.5160−0.0322pay 0.0161% / 4h1h 01m$746K$1.7M20xShort KuCoin
Price gap−0.290%
Funding gap−0.0829% /8h

Both sides work against this direction now: funding costs $25 a day on $10k and the gap is 0.147% 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−$15−0.0829% /8h now · paid −0.148% over the last 7D
Price−$15spread −0.290% now, avg −0.142% → −0.147% if it goes back
Costs−$5535.534% of $10k · taker + slippage, in and out
Result−$583−5.83%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.148% in total, about −0.0071%/8h on average.

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−0.290%
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 size101.1 / 162.1 bp
    At $10k entering KuCoin costs 162.1 bp, fee and slippage, 1.6× Bybit’s.
  • Note: Margin at max leverage$500 + $500
    Bybit 20x, KuCoin 20x. 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: −$24.87Long Bybit: 6 payments, −$15.21; short KuCoin: 6 payments, −$9.66.
  • Watch: Gap narrower than usual−0.290% vs −0.142%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$746K vs $906K OI
    KuCoin sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · KuCoin Yes
    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−0.0071%/8h × 21 periods−$14.84
Price spread−0.290% → −0.142% (7d avg)−$14.74
Slippage, 4 orderslive order books−$530.36
Fee Bybit bp × 2 orders−$11.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$582.93
Costs to cover5.534%Break-evennever at this rate
Slippage: Bybit: live order book, 46 min ago; KuCoin: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit11.53101.1 bp−$101doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin9.69162.1 bp−$162doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert