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

PHAROS

All PHAROS markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotPROS-USDT
0.5157spotno funding——$179K1xBuy OKX Spot
SHORT
OKXPROS-USDT-SWAP
0.5151+0.0099get 0.0050% / 4h1h 05m$810K$548K10xShort OKX
Price gap−0.126%
Funding gap+0.0099% /8h

Funding pays +$3 a day on $10k, but the gap is 0.051% under its 7d average: −$5 if it goes back, about 41 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$13+0.0099% /8h now · paid −0.134% over the last 7D
Price−$5spread −0.126% now, avg −0.075% → −0.051% if it goes back
Costs−$1901.904% of $10k · taker + slippage, in and out
Result−$209−2.09%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.126%
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 size54.7 / 46.1 bp
    At $10k entering OKX Spot costs 54.7 bp, fee and slippage, 1.2× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; OKX runs at up to 10x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; OKX settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$2.98Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, +$2.98.
  • Watch: Gap narrower than usual−0.126% vs −0.075%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$810K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Spot Yes · 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−0.0064%/8h × 21 periods−$13.42
Price spread−0.126% → −0.075% (7d avg)−$5.11
Slippage, 4 orderslive order books−$160.42
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$208.96
Costs to cover1.904%Break-evennever at this rate
Slippage: OKX Spot: live order book, 38 min ago; OKX: live order book, 43 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot5.7954.7 bp−$55doesn’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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