Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin−0.676%61s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as 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−$1741.738% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.511%+$51 · spread now −0.676%, 7d avg −0.014%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.662% cheaper against BloFin than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of −0.014%). Swap the legs. The two prices were read 61 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 | BloFin PHAROS-USDT | 0.5772 | 0.0501 | pay 0.0251% / 4h | 2h 38m | $215K | $23K | 20x |
| Short | Binance PHAROSUSDT | 0.5733 | 0.0490 | get 0.0245% / 4h | 2h 38m | $3.3M | $5.0M | 20x |
BloFin PHAROS-USDT
Binance PHAROSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$2.48
- Price spread: −0.676% → −0.014%
- −$66.22
- Slippage, 4 orders
- −$151.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$242.47
- Costs to cover
- 1.738%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 43 min ago; Binance: live order book, 14 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 BloFin live order book, 43 min ago | 12.12 bp | 42.8 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 6.02 bp | 41.3 bp −$41 | 333.0 bp −$3,330 | 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 | 0.5736 | −0.624% | $359K | $585K | 20x | as long as short |
| Binance PHAROSUSDTshort | +0.0490% | 4h | 0.5733 | −0.676% | $3.3M | $5.0M | 20x | |
| BingX PHAROS-USDT | +0.0494% | 4h | 0.5726 | −0.797% | — | $1.7M | — | as long as short |
| BloFin PHAROS-USDTlong | +0.0501% | 4h | 0.5772 | long leg | $215K | $23K | 20x | |
| MEXC PHAROS_USDT | +0.0502% | 4h | 0.5737 | −0.606% | $298K | $383K | 20x | as long as short |
Bybit PHAROSUSDT
BingX PHAROS-USDT
MEXC PHAROS_USDT