Funding you earn now, next payment 04:00 UTC−0.0746%/8h= −81.7% APRnext payment −$3.73 per $10,000 · paid last 24h −0.303%
Price spread now: Bybit against MEXC−0.156%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$380as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3053.052% of the position
Funding, last 7 days−0.751%−$75 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.156%, 7d avg −0.154%
=The price spread sits at its 7-day average of −0.154%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHAROS_USDT | 0.5780 | 0.0846 | pay 0.0423% / 4h | 27m 59s | $290K | $380K | 20x |
| Short | Bybit PHAROSUSDT | 0.5771 | 0.0100 | get 0.0050% / 4h | 27m 59s | $344K | $559K | 20x |
MEXC PHAROS_USDT
Bybit PHAROSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$156.66
- Price spread: −0.156% → −0.154%
- −$0.13
- Slippage, 4 orders
- −$290.2
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$461.98
- Costs to cover
- 3.052%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 12 min ago; Bybit: live order book, 22 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, 12 min ago | 4.29 bp | 44.6 bp −$45 | 125.5 bp −$1,255 | 388.3 bp −$38.8K | doesn't fit |
| Sell Bybit live order book, 22 min ago | 8.69 bp | 129.1 bp −$129 | doesn't fit | 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 PHAROSUSDTshort | +0.0100% | 4h | 0.5771 | −0.156% | $344K | $559K | 20x | |
| Binance PHAROSUSDT | +0.0831% | 4h | 0.5777 | −0.052% | $3.3M | $5.3M | 20x | as long as short |
| BingX PHAROS-USDT | +0.0844% | 4h | 0.5774 | −0.104% | — | $1.7M | — | as long as short |
| MEXC PHAROS_USDTlong | +0.0846% | 4h | 0.5780 | long leg | $290K | $380K | 20x | |
| BloFin PHAROS-USDT | +0.0874% | 4h | 0.5784 | +0.069% | $217K | $23K | 20x | as long as short |
Binance PHAROSUSDT
BingX PHAROS-USDT
BloFin PHAROS-USDT