Funding you earn now, next payment 12:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.006%
Price spread now: MEXC against BingX+0.124%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1751.747% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.124%, 7d avg +0.133%
=The price spread sits at its 7-day average of +0.133%, 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 | BingX PHAROS-USDT | 0.5664 | 0.0128 | pay 0.0064% / 4h | 3h 39m | — | $1.7M | — |
| Short | MEXC PHAROS_USDT | 0.5671 | 0.0166 | get 0.0083% / 4h | 3h 39m | $275K | $394K | 20x |
BingX PHAROS-USDT
MEXC PHAROS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $7.98
- Price spread: +0.124% → +0.133%
- −$0.94
- Slippage, 4 orders
- −$160.69
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$167.65
- Costs to cover
- 1.747%
- Break-even
- 154.1 days
Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 42 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 | 8.83 bp | 54.9 bp −$55 | 397.7 bp −$3,977 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 42 min ago | 1.78 bp | 33.6 bp −$34 | 121.7 bp −$1,217 | 567.6 bp −$56.8K | 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 | 0.5662 | −0.035% | $335K | $466K | 20x | as long as short |
| BingX PHAROS-USDTlong | +0.0128% | 4h | 0.5664 | long leg | — | $1.7M | — | |
| MEXC PHAROS_USDTshort | +0.0166% | 4h | 0.5671 | +0.124% | $275K | $394K | 20x | |
| Binance PHAROSUSDT | +0.0175% | 4h | 0.5669 | +0.088% | $3.2M | $2.5M | 20x | as long as short |
| BloFin PHAROS-USDT | +0.0179% | 4h | 0.5674 | +0.177% | $203K | $24K | 20x | as long as short |
Bybit PHAROSUSDT
Binance PHAROSUSDT
BloFin PHAROS-USDT