# PHAROS Funding Rate on Bybit

As of 2026-10-05 21:43 UTC, the PHAROS perpetual on Bybit pays 0.0050% per 4h, 0.0100% per 8 hours (10.95% APR), so longs pay shorts. That is the 7th highest of 8 exchanges shown, against a volume-weighted average of 0.0281% per 8 hours (30.72% APR). Over the last 7 days Bybit averaged 0.0228% per 8 hours (24.91% APR). The next funding is at 2026-10-06 00:00 UTC.

## Funding on every exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [BingX](https://arbtide.com/funding-rates/pharos/bingx) | [PHAROS/USDT:USDT](https://bingx.com/en/perpetual/PHAROS-USDT) | 0.0180% | 4h | 39.42% | — |
| [MEXC](https://arbtide.com/funding-rates/pharos/mexc) | [PHAROS/USDT:USDT](https://www.mexc.com/futures/PHAROS_USDT) | 0.0165% | 4h | 36.13% | 2026-10-06 00:00 UTC |
| [Binance](https://arbtide.com/funding-rates/pharos/binance) | [PHAROS/USDT:USDT](https://www.binance.com/en/futures/PHAROSUSDT) | 0.0163% | 4h | 35.74% | 2026-10-06 00:00 UTC |
| [Toobit](https://arbtide.com/funding-rates/pharos/toobit) | [PHAROS/USDT:USDT](https://www.toobit.com/en-US/futures/PHAROS-SWAP-USDT) | 0.0163% | 4h | 35.74% | 2026-10-06 00:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/pharos/weex) | [PHAROS/USDT:USDT](https://www.weex.com/futures/PHAROS-USDT) | 0.0158% | 4h | 34.50% | 2026-10-05 21:43 UTC |
| [XT.COM](https://arbtide.com/funding-rates/pharos/xt) | [PHAROS/USDT:USDT](https://www.xt.com/en/futures/trade/pharos_usdt) | 0.0100% | 4h | 21.90% | 2026-10-06 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/pharos/bybit) | [PHAROS/USDT:USDT](https://www.bybit.com/trade/usdt/PHAROSUSDT) | 0.0050% | 4h | 10.95% | 2026-10-06 00:00 UTC |
| [WhiteBIT](https://arbtide.com/funding-rates/pharos/whitebit) | [PHAROS/USDT:USDT](https://whitebit.com/trade/PHAROS-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-06 00:00 UTC |

## Frequently asked questions

### What is the PHAROS funding rate on Bybit?

0.0050% per 4h, or 0.0100% per 8 hours (10.95% APR), so longs pay shorts. The 7-day average is 0.0228% per 8 hours (24.91% APR).

### How often does Bybit pay PHAROS funding?

Every 4 hours. The next payment is at 2026-10-06 00:00 UTC.

### Is PHAROS funding on Bybit higher than on other exchanges?

Bybit is the 7th highest of 8 exchanges shown. The highest is BingX at 0.0180% per 4h (39.42% APR) and the lowest is WhiteBIT at 0.0050% per 4h (10.95% APR).

### How do you arbitrage PHAROS funding with Bybit?

Long PHAROS on Bybit and short on BingX for a gross spread of 0.0260% per 8 hours (28.47% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.