PHAROS arbitrage

live

Live PHAROS price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.18%MEXC → Binance · Perp–Perp

Best perp–perp spread-0.02%MEXC → Binance

Markets tracked33 venues · 3 perp · 0 spot · 0 DEX

Price range0.03%$0.6556 – $0.6558

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart

No venue pairs for this coin in this mode right now.

Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PHAROS price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h

BybitPerpetual · PHAROSUSDTPerpetual $0.6556$0.656$0.6558+0.02% +0.030%$832.8K

MEXCPerpetual · PHAROS_USDTPerpetual $0.6555$0.6557$0.6556-0.02% +0.030%$133.2K

BinancePerpetual · PHAROSUSDTPerpetual $0.6556$0.6558$0.65570.00% +0.030%—

Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PHAROS arbitrage explained

Right now PHAROS trades on 3 venues we scan: 3 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.6557 and the highest bid on Bybit perp at $0.6556.

The widest PHAROS perpetual spread is between MEXC and Binance: long PHAROS on MEXC at $0.6557 and short on Binance at $0.6556 for -0.02% gross, or -0.18% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

Small PHAROS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Is there a PHAROS arbitrage opportunity right now?

The best PHAROS route right now is to buy on MEXC → sell on Binance (Perp–Perp): -0.02% gross and -0.18% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest PHAROS?

MEXC (perp) has the lowest PHAROS ask at $0.6557, and Bybit (perp) the highest bid at $0.6556. Prices update every 15 seconds on this page.

How many exchanges list PHAROS?

ArbiLayer tracks 3 PHAROS markets on 3 venues: 3 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage PHAROS without transferring coins?

Use two perpetual contracts: go long PHAROS on the cheaper exchange (MEXC now) and short it on the more expensive one (Binance), then close both legs when the spread converges. The coins never move between exchanges.

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