Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against Binance−0.099%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$810.807% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)+0.317%+$32 · spread now −0.099%, 7d avg +0.023%
=Funding pays, the price is against you. BloFin is 0.122% cheaper against Binance than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.023%). If the spread goes back, that is −$12 on $10k: about 26 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAUSDT | 0.04966 | 0.0100 | pay 0.0050% / 4h | 11m 13s | $5.3M | $187.6M | 50x |
| Short | BloFin PHA-USDT | 0.04961 | 0.0116 | get 0.0058% / 4h | 11m 13s | $353K | $643K | 50x |
Binance PHAUSDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.31
- Price spread: −0.099% → +0.023%
- −$12.17
- Slippage, 4 orders
- −$58.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$89.51
- Costs to cover
- 0.807%
- Break-even
- 196.1 days
Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 65 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, 2 min ago | 1.01 bp | 20.1 bp −$20 | 84.0 bp −$840 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 65 min ago | 3.02 bp | 23.8 bp −$24 | 66.4 bp −$664 | 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 | +0.0100% | 4h | 0.04965 | −0.009% | $16K | $837K | 5x | as long as short |
| Binance PHAUSDTlong | +0.0100% | 4h | 0.04966 | long leg | $5.3M | $187.6M | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04969 | +0.062% | $2.0M | $22.8M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.04965 | −0.018% | $371K | $4.8M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04967 | +0.022% | $1.8M | $8.6M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.04965 | −0.018% | $458K | $3.9M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04969 | +0.062% | $1.5M | $20.2M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04964 | −0.038% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04971 | +0.098% | $156K | $399K | — | as long as short |
| BloFin PHA-USDTshort | +0.0116% | 4h | 0.04961 | −0.099% | $353K | $643K | 50x |
Aster PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA