PHAROS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	KuCoinPROSUSDTM	0.7141	+0.0100	pay 0.0050% / 4h	3h 51m	$1.3M	$1.9M	20x	Long KuCoin
SHORT	BinancePHAROSUSDT	0.7138	+0.0100	get 0.0050% / 4h	3h 51m	$6.8M	$4.3M	20x	Short Binance

Price gap−0.039%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.204% under its 7d average: the price leg works against you, −$20 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+$1340.0000% /8h now · paid +1.337% over the last 7D

Price−$20spread −0.039% now, avg +0.165% → −0.204% if it goes back

Costs−$5605.603% of $10k · taker + slippage, in and out

Result−$447−4.47%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.039%

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 size252.6 / 17.6 bp
At $10k entering KuCoin costs 252.6 bp, fee and slippage, 14.4× Binance’s.
Note: Margin at max leverage$500 + $500
KuCoin 20x, Binance 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: $0.00Long KuCoin: 6 payments, −$3.00; short Binance: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.039% vs +0.165%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$1.3M vs $6.8M OI
KuCoin sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKuCoin Yes · Binance Yes
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0637%/8h × 21 periods+$133.72

Price spread−0.039% → +0.165% (7d avg)−$20.40

Slippage, 4 orderslive order books−$538.28

Fee KuCoin bp × 2 orders−$12.00

Fee Binance bp × 2 orders−$10.00

Net · 7 days · $10k−$446.95

Costs to cover5.603%Break-even30.4 days

Slippage: KuCoin: live order book, 5 min ago; Binance: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKuCoin7.69252.6 bp−$253doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBinance0.7017.6 bp−$1892.2 bp−$922doesn’t fitdoesn’t fit

Closing costs about the same again.