Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.017%
Price spread now: BingX against Binance−0.173%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.173%, 7d avg −0.125%
=Funding pays, the price is against you. BingX is 0.048% cheaper against Binance than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of −0.125%). If the spread goes back, that is −$5 on $10k: about 2.9 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAROSUSDT | 0.5691 | 0.0328 | pay 0.0164% / 4h | 2h 07m | $3.2M | $5.1M | 20x |
| Short | BingX PHAROS-USDT | 0.5681 | 0.0384 | get 0.0192% / 4h | 2h 07m | — | $1.7M | — |
Binance PHAROSUSDT
BingX PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.71
- Price spread: −0.173% → −0.125%
- −$4.8
- Slippage, 4 orders
- −$113.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$126.94
- Costs to cover
- 1.338%
- Break-even
- 82.9 days
Slippage from Binance: live order book, 15 min ago; BingX: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 15 min ago | 3.52 bp | 33.8 bp −$34 | 536.0 bp −$5,360 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 11.45 bp | 36.0 bp −$36 | 130.7 bp −$1,307 | doesn't fit | doesn't fit |
PHAROS on 4 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PHAROSUSDT | +0.0100% | 4h | 0.5681 | −0.173% | $332K | $526K | 20x | as long as short |
| Binance PHAROSUSDTlong | +0.0328% | 4h | 0.5691 | long leg | $3.2M | $5.1M | 20x | |
| MEXC PHAROS_USDT | +0.0338% | 4h | 0.5690 | −0.015% | $286K | $381K | 20x | as long as short |
| BingX PHAROS-USDTshort | +0.0384% | 4h | 0.5681 | −0.173% | — | $1.7M | — |
Bybit PHAROSUSDT
MEXC PHAROS_USDT