Funding you earn now, next payment 04:00 UTC+0.0628%/8h= +68.8% APRnext payment +$3.14 per $10,000 · paid last 24h +0.303%
Price spread now: MEXC against Bybit+0.069%7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2722.722% of the position
Funding, last 7 days+0.751%+$75 on $10k
+Price spread, last 4 days (all we have)+0.295%+$30 · spread now +0.069%, 7d avg +0.155%
=Funding pays, the price is against you. MEXC is 0.086% cheaper against Bybit than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.155%). If the spread goes back, that is −$9 on $10k: about 11 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PHAROSUSDT | 0.5783 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $337K | $538K | 20x |
| Short | MEXC PHAROS_USDT | 0.5787 | 0.0728 | get 0.0364% / 4h | 1h 14m | $291K | $382K | 20x |
Bybit PHAROSUSDT
MEXC PHAROS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $131.88
- Price spread: +0.069% → +0.155%
- −$8.57
- Slippage, 4 orders
- −$257.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$148.93
- Costs to cover
- 2.722%
- Break-even
- 14.9 days
Slippage from Bybit: live order book, 40 min ago; MEXC: live order book, 31 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 | 11.39 bp | 122.9 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 31 min ago | 3.50 bp | 14.2 bp −$14 | 103.9 bp −$1,039 | 472.8 bp −$47.3K | 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 | 0.5783 | long leg | $337K | $538K | 20x | |
| BingX PHAROS-USDT | +0.0666% | 4h | 0.5779 | −0.069% | — | $1.7M | — | as long as short |
| BloFin PHAROS-USDT | +0.0713% | 4h | 0.5772 | −0.190% | $216K | $23K | 20x | as long as short |
| MEXC PHAROS_USDTshort | +0.0728% | 4h | 0.5787 | +0.069% | $291K | $382K | 20x | |
| Binance PHAROSUSDT | +0.0757% | 4h | 0.5788 | +0.086% | $3.3M | $5.2M | 20x | as long as short |
BingX PHAROS-USDT
BloFin PHAROS-USDT
Binance PHAROSUSDT