According to (relatively) new PHP documentation:
The password_hash function uses a random salt (which we should not worry about.. O_O), so if I understand correctly
Let's learn by example from what everyone else is telling you:
$options = [
'cost' => 11,
'salt' => 'abcdefghijklmnopqrstuv',
];
echo password_hash("rasmuslerdorf", PASSWORD_DEFAULT, $options)."\n";
Output:
$2y$11$abcdefghijklmnopqrstuu7aZVUzfW85EB4mHER81Oudv/rT.rmWm
The bolded parts are your cost and salt, respectively embedded in the resulting hash.
You can spit this back into password_verify and it will handle it accordingly:
print_r(password_verify('rasmuslerdorf', '$2y$11$abcdefghijklmnopqrstuu7aZVUzfW85EB4mHER81Oudv/rT.rmWm')); // true