Funding you earn now, next payment 08:00 UTC−0.0466%/8h= −51.0% APRnext payment −$2.33 per $10,000 · paid last 24h −0.252%
Price spread now: Bybit against BingX−0.035%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$388as in the Funding arb table
Net, price: spread back to 7d avg − costs−$316as in the Price arb table
costs, in and out, $10k−$3153.154% of the position
Funding, last 7 days−0.731%−$73 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.035%, 7d avg −0.024%
=The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHAROS-USDT | 0.5750 | 0.0566 | pay 0.0283% / 4h | 3h 32m | — | $1.7M | — |
| Short | Bybit PHAROSUSDT | 0.5748 | 0.0100 | get 0.0050% / 4h | 3h 32m | $344K | $577K | 20x |
BingX PHAROS-USDT
Bybit PHAROSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$97.86
- Price spread: −0.035% → −0.024%
- −$1.1
- Slippage, 4 orders
- −$294.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$414.32
- Costs to cover
- 3.154%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 12 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, 14 min ago | 11.24 bp | 43.9 bp −$44 | 253.2 bp −$2,532 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 12 min ago | 11.23 bp | 123.6 bp −$124 | 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 PHAROSUSDTshort | +0.0100% | 4h | 0.5748 | −0.035% | $344K | $577K | 20x | |
| BingX PHAROS-USDTlong | +0.0566% | 4h | 0.5750 | long leg | — | $1.7M | — | |
| Binance PHAROSUSDT | +0.0584% | 4h | 0.5759 | +0.157% | $3.3M | $5.3M | 20x | as long as short |
| MEXC PHAROS_USDT | +0.0594% | 4h | 0.5759 | +0.157% | $289K | $380K | 20x | as long as short |
| BloFin PHAROS-USDT | +0.0612% | 4h | 0.5784 | +0.591% | $217K | $23K | 20x | as long as short |
Binance PHAROSUSDT
MEXC PHAROS_USDT
BloFin PHAROS-USDT