Funding you earn now, next payment 04:00 UTC+0.0577%/8h= +63.2% APRnext payment +$2.89 per $10,000 · paid last 24h +0.301%
Price spread now: BloFin against Bybit+0.211%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$590as in the Funding arb table
Net, price: spread back to 7d avg − costs−$661as in the Price arb table
costs, in and out, $10k−$6656.655% of the position
Funding, last 7 days+0.753%+$75 on $10k
+Price spread, last 3 days (all we have)+0.158%+$16 · spread now +0.211%, 7d avg +0.163%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BloFin is 0.048% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.163%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PHAROSUSDT | 0.5681 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $334K | $525K | 20x |
| Short | BloFin PHAROS-USDT | 0.5693 | 0.0677 | get 0.0339% / 4h | 2h 50m | $213K | $23K | 20x |
Bybit PHAROSUSDT
BloFin PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $121.22
- Price spread: +0.211% → +0.163%
- $4.83
- Slippage, 4 orders
- −$642.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$539.41
- Costs to cover
- 6.655%
- Break-even
- 38.1 days
Slippage from Bybit: live order book, 9 min ago; BloFin: live order book, 9 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, 9 min ago | 7.91 bp | 253.7 bp −$254 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 3.51 bp | 31.1 bp −$31 | 106.5 bp −$1,065 | 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 | 0.5681 | long leg | $334K | $525K | 20x | |
| BloFin PHAROS-USDTshort | +0.0677% | 4h | 0.5693 | +0.211% | $213K | $23K | 20x | |
| Binance PHAROSUSDT | +0.0706% | 4h | 0.5692 | +0.185% | $3.2M | $5.1M | 20x | as long as short |
| MEXC PHAROS_USDT | +0.0722% | 4h | 0.5691 | +0.176% | $286K | $379K | 20x | as long as short |
| BingX PHAROS-USDT | +0.0776% | 4h | 0.5681 | 0.000% | — | $1.7M | — | as long as short |
Binance PHAROSUSDT
MEXC PHAROS_USDT
BingX PHAROS-USDT