Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against MEXC−0.069%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1101.105% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.069%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.071% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHAROS_USDT | 0.5760 | 0.1032 | pay 0.0516% / 4h | 3h 40m | $289K | $379K | 20x |
| Short | Binance PHAROSUSDT | 0.5756 | 0.1033 | get 0.0517% / 4h | 3h 40m | $3.3M | $5.0M | 20x |
MEXC PHAROS_USDT
Binance PHAROSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- $0.31
- Price spread: −0.069% → +0.002%
- −$7.13
- Slippage, 4 orders
- −$96.49
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$117.31
- Costs to cover
- 1.105%
- Break-even
- 2613.8 days
Slippage from MEXC: live order book, 15 min ago; Binance: live order book, 12 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 MEXC live order book, 15 min ago | 6.07 bp | 18.5 bp −$18 | 109.3 bp −$1,093 | 331.1 bp −$33.1K | doesn't fit |
| Sell Binance live order book, 12 min ago | 6.06 bp | 34.5 bp −$34 | 296.6 bp −$2,966 | 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 PHAROSUSDT | +0.0100% | 4h | 0.5748 | −0.208% | $336K | $511K | 20x | as long as short |
| BingX PHAROS-USDT | +0.0980% | 4h | 0.5750 | −0.174% | — | $1.7M | — | as long as short |
| MEXC PHAROS_USDTlong | +0.1032% | 4h | 0.5760 | long leg | $289K | $379K | 20x | |
| Binance PHAROSUSDTshort | +0.1033% | 4h | 0.5756 | −0.069% | $3.3M | $5.0M | 20x | |
| BloFin PHAROS-USDT | +0.1036% | 4h | 0.5769 | +0.156% | $214K | $23K | 20x | as long as short |
Bybit PHAROSUSDT
BingX PHAROS-USDT
BloFin PHAROS-USDT