Funding you earn now, next payment 00:00 UTC+0.0315%/8h= +34.5% APRnext payment +$1.58 per $10,000 · paid last 24h +0.136%
Price spread now: MEXC against Aster+0.010%7-day average −0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1791.795% of the position
Funding, last 5 days (all we have)+0.549%+$55 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.010%, 7d avg −0.173%
=Together, before fees+0.506%+ Points / potential airdropAster: Stage 5 · farm board+$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.183% dearer against Aster than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.173%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PHAUSDT | 0.05007 | −0.0569 | get 0.0285% / 4h | 1h 41m | $9K | $762K | 5x |
| Short | MEXC PHA_USDT | 0.05008 | −0.0254 | pay 0.0127% / 4h | 1h 41m | $1.8M | $8.5M | 50x |
Aster PHAUSDT
MEXC PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Aster. 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
- $66.22
- Price spread: +0.010% → −0.173%
- $18.29
- Slippage, 4 orders
- −$167.46
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$94.96
- Costs to cover
- 1.795%
- Break-even
- 17.0 days
Slippage from Aster: live order book, 41 min ago; MEXC: live order book, 1 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 Aster live order book, 41 min ago | 9.03 bp | 75.0 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.00 bp | 9.0 bp −$9 | 42.0 bp −$420 | 109.5 bp −$10.9K | 330.6 bp −$165.3K |
PHA on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PHAUSDTlong | −0.0569% | 4h | 0.05007 | long leg | $9K | $762K | 5x | |
| KuCoin PHAUSDTM | −0.0276% | 4h | 0.05007 | −0.010% | $421K | $3.9M | 30x | as long as short |
| MEXC PHA_USDTshort | −0.0254% | 4h | 0.05008 | +0.010% | $1.8M | $8.5M | 50x | |
| BloFin PHA-USDT | −0.0245% | 4h | 0.05006 | −0.030% | $356K | $637K | 50x | as long as short |
| Binance PHAUSDT | −0.0242% | 4h | 0.05009 | +0.039% | $5.3M | $183.8M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05021 | +0.270% | $2.0M | $22.5M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05007 | −0.010% | $376K | $4.7M | 25x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05009 | +0.030% | $1.5M | $20.0M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05008 | +0.010% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05002 | −0.119% | $157K | $399K | — | as long as short |
KuCoin PHAUSDTM
BloFin PHA-USDT
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA