Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.016%
Price spread now: BingX against MEXC−0.052%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1901.904% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.052%, 7d avg −0.130%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.078% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.130%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHAROS_USDT | 0.5764 | 0.0816 | pay 0.0408% / 4h | 26m 50s | $290K | $380K | 20x |
| Short | BingX PHAROS-USDT | 0.5761 | 0.0844 | get 0.0422% / 4h | 26m 50s | — | $1.7M | — |
MEXC PHAROS_USDT
BingX PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $5.88
- Price spread: −0.052% → −0.130%
- $7.77
- Slippage, 4 orders
- −$176.45
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$176.8
- Costs to cover
- 1.904%
- Break-even
- 217.5 days
Slippage from MEXC: live order book, 14 min ago; BingX: live order book, 5 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, 14 min ago | 4.29 bp | 44.6 bp −$45 | 125.5 bp −$1,255 | 388.3 bp −$38.8K | doesn't fit |
| Sell BingX live order book, 5 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 PHAROSUSDT | +0.0100% | 4h | 0.5755 | −0.156% | $343K | $559K | 20x | as long as short |
| BloFin PHAROS-USDT | +0.0792% | 4h | 0.5784 | +0.347% | $217K | $23K | 20x | as long as short |
| MEXC PHAROS_USDTlong | +0.0816% | 4h | 0.5764 | long leg | $290K | $380K | 20x | |
| Binance PHAROSUSDT | +0.0817% | 4h | 0.5766 | +0.027% | $3.3M | $5.3M | 20x | as long as short |
| BingX PHAROS-USDTshort | +0.0844% | 4h | 0.5761 | −0.052% | — | $1.7M | — |
Bybit PHAROSUSDT
BloFin PHAROS-USDT
Binance PHAROSUSDT