# PHAROS Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-03 08:50 UTC, ArbTide tracks PHAROS perpetual prices across exchanges. On perpetual markets, you can buy PHAROS on BingX at 0.7261 and sell on WhiteBIT at 0.7394, a 1.62% net spread after 0.21% in taker fees.

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| BingX | [PHAROS/USDT:USDT](https://bingx.com/en/perpetual/PHAROS-USDT) | 0.7255 | 0.7261 | 0.083% | $1.7M | 0.050% |
| Bybit | [PHAROS/USDT:USDT](https://www.bybit.com/trade/usdt/PHAROSUSDT) | 0.7259 | 0.7263 | 0.055% | $494.3K | 0.060% |
| XT.COM | [PHAROS/USDT:USDT](https://www.xt.com/en/futures/trade/pharos_usdt) | 0.7263 | 0.7265 | 0.028% | $712.6K | 0.060% |
| Toobit | [PHAROS/USDT:USDT](https://www.toobit.com/en-US/futures/PHAROS-SWAP-USDT) | 0.7263 | 0.7265 | 0.028% | $416.4K | 0.100% |
| WEEX | [PHAROS/USDT:USDT](https://www.weex.com/futures/PHAROS-USDT) | 0.7268 | 0.7272 | 0.055% | $1.7M | 0.080% |
| Binance | [PHAROS/USDT:USDT](https://www.binance.com/en/futures/PHAROSUSDT) | 0.7274 | 0.7275 | 0.014% | $2.4M | 0.050% |
| MEXC | [PHAROS/USDT:USDT](https://www.mexc.com/futures/PHAROS_USDT) | 0.7272 | 0.7275 | 0.041% | $212.9K | 0.020% |
| WhiteBIT | [PHAROS/USDT:USDT](https://whitebit.com/trade/PHAROS-PERP?type=futures) | 0.7394 | 0.7442 | 0.645% | $332.2K | 0.055% |

### Perpetual net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | WhiteBIT | Binance | MEXC | WEEX | XT.COM | Toobit | Bybit | BingX |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BingX | +1.62% | -0.02% | +0.01% | -0.16% | -0.19% | -0.27% | -0.25% | — |
| Bybit | +1.57% | -0.07% | -0.04% | -0.21% | -0.24% | -0.32% | — | -0.33% |
| XT.COM | +1.55% | -0.10% | -0.06% | -0.24% | — | -0.35% | -0.32% | -0.36% |
| Toobit | +1.47% | -0.18% | -0.14% | -0.32% | -0.35% | — | -0.40% | -0.44% |
| WEEX | +1.41% | -0.23% | -0.20% | — | -0.40% | -0.48% | -0.46% | -0.49% |
| Binance | +1.43% | — | -0.18% | -0.36% | -0.38% | -0.46% | -0.44% | -0.47% |
| MEXC | +1.49% | -0.15% | — | -0.30% | -0.32% | -0.40% | -0.38% | -0.41% |
| WhiteBIT | — | -2.47% | -2.43% | -2.61% | -2.64% | -2.72% | -2.69% | -2.72% |

## Frequently asked questions

### Is there a PHAROS arbitrage opportunity right now?

Yes. On perpetual markets, you can buy PHAROS on BingX at 0.7261 and sell on WhiteBIT at 0.7394, a 1.62% net spread after 0.21% in taker fees.

### Which exchange has the cheapest PHAROS?

Lowest ask price: Perpetual: BingX at 0.7261.

### How is the net spread calculated?

Net spread = (best bid on the sell exchange − best ask on the buy exchange) ÷ best ask − taker fees. Spot routes pay one taker fee per exchange. Perpetual routes pay two per exchange, to open and to close. Max profit is read from both order books, so it includes slippage, and spot routes also subtract the withdrawal fee.