Funding you earn now, next payment 00:00 UTC+0.1194%/8h= +130.8% APRnext payment +$5.97 per $10,000 · paid last 24h +0.299%
Price spread now: Binance against Bybit+0.140%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2972.970% of the position
Funding, last 7 days+0.716%+$72 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.140%, 7d avg +0.153%
=The price spread sits at its 7-day average of +0.153%, so right now this pair is about funding alone: +$36 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.716% in total (about 37.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PHAROSUSDT | 0.5722 | 0.0100 | pay 0.0050% / 4h | 29m 31s | $334K | $499K | 20x |
| Short | Binance PHAROSUSDT | 0.5730 | 0.1294 | get 0.0647% / 4h | 29m 31s | $3.2M | $4.9M | 20x |
Bybit PHAROSUSDT
Binance PHAROSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $250.76
- Price spread: +0.140% → +0.153%
- −$1.37
- Slippage, 4 orders
- −$276
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$47.6
- Costs to cover
- 2.970%
- Break-even
- 8.3 days
Slippage from Bybit: live order book, 40 min ago; Binance: live order book, 8 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 Bybit live order book, 40 min ago | 7.87 bp | 113.5 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.49 bp | 29.3 bp −$29 | 289.7 bp −$2,897 | 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 PHAROSUSDTlong | +0.0100% | 4h | 0.5722 | long leg | $334K | $499K | 20x | |
| Binance PHAROSUSDTshort | +0.1294% | 4h | 0.5730 | +0.140% | $3.2M | $4.9M | 20x | |
| BingX PHAROS-USDT | +0.1300% | 4h | 0.5721 | −0.017% | — | $1.7M | — | as long as short |
| MEXC PHAROS_USDT | +0.1318% | 4h | 0.5731 | +0.157% | $287K | $380K | 20x | as long as short |
| BloFin PHAROS-USDT | +0.1375% | 4h | 0.5741 | +0.332% | $214K | $17K | 20x | as long as short |
BingX PHAROS-USDT
MEXC PHAROS_USDT
BloFin PHAROS-USDT