Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.015%
Price spread now: BloFin against BingX+0.225%96s7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1881.880% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.225%, 7d avg +0.147%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.078% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.147%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHAROS-USDT | 0.5767 | 0.0774 | pay 0.0387% / 4h | 1h 59m | — | $1.7M | — |
| Short | BloFin PHAROS-USDT | 0.5780 | 0.0802 | get 0.0401% / 4h | 1h 59m | $212K | $23K | 20x |
BingX PHAROS-USDT
BloFin PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $5.9
- Price spread: +0.225% → +0.147%
- $7.79
- Slippage, 4 orders
- −$165.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$174.27
- Costs to cover
- 1.880%
- Break-even
- 213.6 days
Slippage from BingX: live order book, 2 min ago; BloFin: 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 BingX live order book, 2 min ago | 11.26 bp | 56.2 bp −$56 | 323.7 bp −$3,237 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 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 | +0.069% | $363K | $551K | 20x | as long as short |
| BingX PHAROS-USDTlong | +0.0774% | 4h | 0.5767 | long leg | — | $1.7M | — | |
| BloFin PHAROS-USDTshort | +0.0802% | 4h | 0.5780 | +0.225% | $212K | $23K | 20x | |
| MEXC PHAROS_USDT | +0.0834% | 4h | 0.5777 | +0.173% | $300K | $368K | 20x | as long as short |
| Binance PHAROSUSDT | +0.0838% | 4h | 0.5773 | +0.104% | $3.3M | $4.0M | 20x | as long as short |
Bybit PHAROSUSDT
MEXC PHAROS_USDT
Binance PHAROSUSDT