Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Binance+0.017%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1891.892% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now +0.017%, 7d avg +0.014%
=The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAROSUSDT | 0.5773 | 0.0838 | pay 0.0419% / 4h | 1h 59m | $3.3M | $4.0M | 20x |
| Short | BloFin PHAROS-USDT | 0.5774 | 0.0811 | get 0.0405% / 4h | 1h 59m | $212K | $23K | 20x |
Binance PHAROSUSDT
BloFin PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$5.64
- Price spread: +0.017% → +0.014%
- $0.34
- Slippage, 4 orders
- −$167.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$194.54
- Costs to cover
- 1.892%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 17 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, 8 min ago | 4.31 bp | 55.7 bp −$56 | 680.7 bp −$6,807 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 2.59 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
PHAROS on 5 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 | 0.5771 | −0.035% | $363K | $551K | 20x | as long as short |
| BingX PHAROS-USDT | +0.0774% | 4h | 0.5766 | −0.121% | — | $1.7M | — | as long as short |
| BloFin PHAROS-USDTshort | +0.0811% | 4h | 0.5774 | +0.017% | $212K | $23K | 20x | |
| MEXC PHAROS_USDT | +0.0834% | 4h | 0.5775 | +0.035% | $300K | $368K | 20x | as long as short |
| Binance PHAROSUSDTlong | +0.0838% | 4h | 0.5773 | long leg | $3.3M | $4.0M | 20x |
Bybit PHAROSUSDT
BingX PHAROS-USDT
MEXC PHAROS_USDT