Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against BloFin−0.142%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2162.161% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.142%, 7d avg −0.017%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.124% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PHAROS-USDT | 0.5650 | 0.0385 | pay 0.0193% / 4h | 1h 06m | $205K | $25K | 20x |
| Short | MEXC PHAROS_USDT | 0.5642 | 0.0376 | get 0.0188% / 4h | 1h 06m | $293K | $371K | 20x |
BloFin PHAROS-USDT
MEXC PHAROS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$1.94
- Price spread: −0.142% → −0.017%
- −$12.42
- Slippage, 4 orders
- −$200.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$230.49
- Costs to cover
- 2.161%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; MEXC: live order book, 19 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, 4 min ago | 10.60 bp | 33.8 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 19 min ago | 3.54 bp | 71.5 bp −$71 | 122.2 bp −$1,222 | 341.3 bp −$34.1K | 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 | 0.5628 | −0.389% | $325K | $529K | 20x | as long as short |
| Binance PHAROSUSDT | +0.0366% | 4h | 0.5644 | −0.106% | $3.2M | $3.2M | 20x | as long as short |
| MEXC PHAROS_USDTshort | +0.0376% | 4h | 0.5642 | −0.142% | $293K | $371K | 20x | |
| BloFin PHAROS-USDTlong | +0.0385% | 4h | 0.5650 | long leg | $205K | $25K | 20x | |
| BingX PHAROS-USDT | +0.0398% | 4h | 0.5632 | −0.319% | — | $1.7M | — | as long as short |
Bybit PHAROSUSDT
Binance PHAROSUSDT
BingX PHAROS-USDT