Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.7% APRnext payment −$0.17 per $10,000 · paid last 24h +0.017%
Price spread now: Binance against BingX+0.119%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1521.520% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now +0.119%, 7d avg +0.124%
=The price spread sits at its 7-day average of +0.124%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHAROS-USDT | 0.5684 | 0.0794 | pay 0.0397% / 4h | 2h 54m | — | $1.7M | — |
| Short | Binance PHAROSUSDT | 0.5691 | 0.0761 | get 0.0380% / 4h | 2h 54m | $3.2M | $5.1M | 20x |
BingX PHAROS-USDT
Binance PHAROSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$7.02
- Price spread: +0.119% → +0.124%
- −$0.59
- Slippage, 4 orders
- −$132.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$159.63
- Costs to cover
- 1.520%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Binance: live order book, 13 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 BingX live order book, 8 min ago | 11.43 bp | 33.9 bp −$34 | 143.4 bp −$1,434 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 6.13 bp | 40.5 bp −$41 | 291.8 bp −$2,918 | 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 | 0.5682 | −0.035% | $334K | $525K | 20x | as long as short |
| BloFin PHAROS-USDT | +0.0724% | 4h | 0.5699 | +0.264% | $213K | $23K | 20x | as long as short |
| Binance PHAROSUSDTshort | +0.0761% | 4h | 0.5691 | +0.119% | $3.2M | $5.1M | 20x | |
| MEXC PHAROS_USDT | +0.0778% | 4h | 0.5689 | +0.088% | $286K | $379K | 20x | as long as short |
| BingX PHAROS-USDTlong | +0.0794% | 4h | 0.5684 | long leg | — | $1.7M | — |
Bybit PHAROSUSDT
BloFin PHAROS-USDT
MEXC PHAROS_USDT