PHAROS funding rates and arbitrage

PHAROS perpetuals trade on 5 contracts across 5 venues, forming 10 cross-venue arbitrage pairs. By net APR the current best pair is long Binance against short BingX, netting 0.00%, with both legs settling on the same cadenceใ€‚

PHAROS perpetual funding rates by venue

APR = current rate ร— (24 รท settlement interval) ร— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BinancePHAROSUSDTUSDT4h0.0050%+10.95%+31.30%$1.9M0.62900
WhiteBITPHAROS_PERPUSDT4h0.0050%+10.95%+10.95%$1.8M0.63320
BingXPHAROS-USDTUSDT4h0.0050%+10.95%+30.30%$1.7M0.62810
MEXCPHAROS_USDTUSDT4h0.0050%+10.95%+31.29%$195K0.62960
BybitPHAROSUSDTUSDT4h0.0050%+10.95%+12.07%$153K0.62850

PHAROS cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg โˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Binance USDTBingX USDT0.00%0.0000%-1.00%4h matched$1.7M
Binance USDTBybit USDT0.00%0.0000%-19.23%4h matched$153K
Binance USDTMEXC USDT0.00%0.0000%-0.01%4h matched$195K
Binance USDTWhiteBIT USDT0.00%0.0000%-20.35%4h matched$1.8M
BingX USDTBybit USDT0.00%0.0000%-18.23%4h matched$153K
BingX USDTMEXC USDT0.00%0.0000%+0.98%4h matched$195K
BingX USDTWhiteBIT USDT0.00%0.0000%-19.35%4h matched$1.7M
Bybit USDTMEXC USDT0.00%0.0000%+19.22%4h matched$153K
Bybit USDTWhiteBIT USDT0.00%0.0000%-1.12%4h matched$153K
MEXC USDTWhiteBIT USDT0.00%0.0000%-20.34%4h matched$195K

PHAROS project profile

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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