Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against Binance+0.070%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1101.105% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.070%, 7d avg −0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.072% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAROSUSDT | 0.5741 | 0.1026 | pay 0.0513% / 4h | 3h 39m | $3.3M | $5.0M | 20x |
| Short | MEXC PHAROS_USDT | 0.5745 | 0.1032 | get 0.0516% / 4h | 3h 39m | $289K | $380K | 20x |
Binance PHAROSUSDT
MEXC PHAROS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1.16
- Price spread: +0.070% → −0.002%
- $7.22
- Slippage, 4 orders
- −$96.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$102.1
- Costs to cover
- 1.105%
- Break-even
- 623.6 days
Slippage from Binance: live order book, 14 min ago; MEXC: live order book, 16 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, 14 min ago | 6.06 bp | 37.6 bp −$38 | 528.2 bp −$5,282 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 16 min ago | 6.07 bp | 20.0 bp −$20 | 109.8 bp −$1,098 | 405.9 bp −$40.6K | 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 | 0.5731 | −0.174% | $338K | $516K | 20x | as long as short |
| BingX PHAROS-USDT | +0.0980% | 4h | 0.5729 | −0.208% | — | $1.7M | — | as long as short |
| Binance PHAROSUSDTlong | +0.1026% | 4h | 0.5741 | long leg | $3.3M | $5.0M | 20x | |
| MEXC PHAROS_USDTshort | +0.1032% | 4h | 0.5745 | +0.070% | $289K | $380K | 20x | |
| BloFin PHAROS-USDT | +0.1063% | 4h | 0.5750 | +0.157% | $214K | $23K | 20x | as long as short |
Bybit PHAROSUSDT
BingX PHAROS-USDT
BloFin PHAROS-USDT