Funding you earn now, next payment 04:00 UTC+0.0744%/8h= +81.5% APRnext payment +$3.72 per $10,000 · paid last 24h +0.287%
Price spread now: BingX against Bybit+0.035%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3533.533% of the position
Funding, last 7 days+0.706%+$71 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now +0.035%, 7d avg +0.025%
=The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PHAROSUSDT | 0.5771 | 0.0100 | pay 0.0050% / 4h | 28m 31s | $344K | $559K | 20x |
| Short | BingX PHAROS-USDT | 0.5773 | 0.0844 | get 0.0422% / 4h | 28m 31s | — | $1.7M | — |
Bybit PHAROSUSDT
BingX PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $156.24
- Price spread: +0.035% → +0.025%
- $1
- Slippage, 4 orders
- −$332.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$196.05
- Costs to cover
- 3.533%
- Break-even
- 15.8 days
Slippage from Bybit: live order book, 21 min ago; BingX: live order book, 4 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, 21 min ago | 8.69 bp | 104.9 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 11.25 bp | 61.2 bp −$61 | 197.1 bp −$1,971 | 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 | 0.5771 | long leg | $344K | $559K | 20x | |
| Binance PHAROSUSDT | +0.0831% | 4h | 0.5780 | +0.156% | $3.3M | $5.3M | 20x | as long as short |
| BingX PHAROS-USDTshort | +0.0844% | 4h | 0.5773 | +0.035% | — | $1.7M | — | |
| MEXC PHAROS_USDT | +0.0846% | 4h | 0.5782 | +0.191% | $291K | $380K | 20x | as long as short |
| BloFin PHAROS-USDT | +0.0874% | 4h | 0.5784 | +0.225% | $217K | $23K | 20x | as long as short |
Binance PHAROSUSDT
MEXC PHAROS_USDT
BloFin PHAROS-USDT