Funding you earn now, next payment 00:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.95 per $10,000 · paid last 24h +0.106%
Price spread now: Bitget against Binance+0.079%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.079%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.092% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAUSDT | 0.04983 | −0.0091 | get 0.0045% / 4h | 1h 24m | $5.3M | $184.2M | 50x |
| Short | Bitget PHAUSDT | 0.04987 | 0.0100 | get 0.0050% / 4h | 1h 24m | $1.5M | $20.0M | 50x |
Binance PHAUSDT
Bitget PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $40.09
- Price spread: +0.079% → −0.012%
- $9.17
- Slippage, 4 orders
- −$81.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$53.97
- Costs to cover
- 1.032%
- Break-even
- 16.4 days
Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 4 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 Binance live order book, 4 min ago | 2.01 bp | 21.4 bp −$21 | 105.4 bp −$1,054 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 7.01 bp | 37.9 bp −$38 | 94.8 bp −$948 | doesn't fit | doesn't fit |
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 PHAUSDT | −0.0389% | 4h | 0.04983 | −0.010% | $8K | $765K | 5x | as long as short |
| BloFin PHA-USDT | −0.0163% | 4h | 0.04979 | −0.081% | $349K | $639K | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0158% | 4h | 0.04979 | −0.081% | $418K | $3.9M | 30x | as long as short |
| MEXC PHA_USDT | −0.0102% | 4h | 0.04984 | +0.019% | $1.7M | $8.5M | 50x | as long as short |
| Binance PHAUSDTlong | −0.0091% | 4h | 0.04983 | long leg | $5.3M | $184.2M | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04986 | +0.059% | $2.0M | $22.5M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.04985 | +0.039% | $373K | $4.7M | 25x | as long as short |
| Bitget PHAUSDTshort | +0.0100% | 4h | 0.04987 | +0.079% | $1.5M | $20.0M | 50x | |
| BingX PHA-USDT | +0.0100% | 4h | 0.04985 | +0.039% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04989 | +0.127% | $156K | $399K | — | as long as short |
Aster PHAUSDT
BloFin PHA-USDT
KuCoin PHAUSDTM
MEXC PHA_USDT
Bybit PHAUSDT
Gate PHA_USDT
BingX PHA-USDT
Variational Omni PHA