Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.015%
Price spread now: BingX against BloFin−0.347%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1271.269% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.347%, 7d avg −0.148%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.199% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.148%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PHAROS-USDT | 0.5769 | 0.1036 | pay 0.0518% / 4h | 3h 40m | $214K | $23K | 20x |
| Short | BingX PHAROS-USDT | 0.5749 | 0.0980 | get 0.0490% / 4h | 3h 40m | — | $1.7M | — |
BloFin PHAROS-USDT
BingX PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$11.75
- Price spread: −0.347% → −0.148%
- −$19.92
- Slippage, 4 orders
- −$104.85
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$158.52
- Costs to cover
- 1.269%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 24 min ago; BingX: live order book, 2 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, 24 min ago | 6.94 bp | 26.2 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 10.43 bp | 38.3 bp −$38 | 128.3 bp −$1,283 | 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 | 0.5747 | −0.381% | $336K | $511K | 20x | as long as short |
| BingX PHAROS-USDTshort | +0.0980% | 4h | 0.5749 | −0.347% | — | $1.7M | — | |
| MEXC PHAROS_USDT | +0.1032% | 4h | 0.5760 | −0.156% | $289K | $379K | 20x | as long as short |
| Binance PHAROSUSDT | +0.1033% | 4h | 0.5759 | −0.173% | $3.3M | $5.0M | 20x | as long as short |
| BloFin PHAROS-USDTlong | +0.1036% | 4h | 0.5769 | long leg | $214K | $23K | 20x |
Bybit PHAROSUSDT
MEXC PHAROS_USDT
Binance PHAROSUSDT