Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against MEXC+0.124%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2162.161% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.124%, 7d avg +0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.107% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHAROS_USDT | 0.5643 | 0.0386 | pay 0.0193% / 4h | 1h 07m | $293K | $371K | 20x |
| Short | BloFin PHAROS-USDT | 0.5650 | 0.0385 | get 0.0193% / 4h | 1h 07m | $205K | $25K | 20x |
MEXC PHAROS_USDT
BloFin PHAROS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$0.16
- Price spread: +0.124% → +0.017%
- $10.67
- Slippage, 4 orders
- −$200.13
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$205.62
- Costs to cover
- 2.161%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 18 min ago; BloFin: 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 MEXC live order book, 18 min ago | 3.54 bp | 27.8 bp −$28 | 120.2 bp −$1,202 | 330.4 bp −$33.0K | doesn't fit |
| Sell BloFin live order book, 4 min ago | 10.60 bp | 83.0 bp −$83 | 170.0 bp −$1,700 | 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 | 0.5628 | −0.266% | $325K | $529K | 20x | as long as short |
| Binance PHAROSUSDT | +0.0376% | 4h | 0.5643 | +0.003% | $3.2M | $3.2M | 20x | as long as short |
| BloFin PHAROS-USDTshort | +0.0385% | 4h | 0.5650 | +0.124% | $205K | $25K | 20x | |
| MEXC PHAROS_USDTlong | +0.0386% | 4h | 0.5643 | long leg | $293K | $371K | 20x | |
| BingX PHAROS-USDT | +0.0398% | 4h | 0.5632 | −0.195% | — | $1.7M | — | as long as short |
Bybit PHAROSUSDT
Binance PHAROSUSDT
BingX PHAROS-USDT