PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0894%/8h= +97.9% APRnext payment +$4.47 per $10,000 · paid last 24h +0.011%

Price spread now: Bybit against Binance+0.218%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2212.206% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.218%, 7d avg +0.137%

Together, before fees−0.453%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Bybit is 0.080% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.137%. Mind the row above: over the last 7 days funding on this pair cost −0.410%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.410% in total (about -21.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.47 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	0.05056	−0.0794	get 0.0397% / 4h	2h 41m	$5.4M	$182.6M	50x
Short	Bybit PHAUSDT	0.05067	0.0100	get 0.0050% / 4h	2h 41m	$2.1M	$22.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.218%Rate

Funding earned: $187.75
Price spread: +0.218% → +0.137%: $8.02
Slippage, 4 orders: −$199.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24.86
Costs to cover: 2.206%
Break-even: 7.9 days

Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 2 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	0.99 bp	25.9 bp −$26	126.6 bp −$1,266	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.91 bp	87.9 bp −$88	260.0 bp −$2,600	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	−0.1237%	4h	0.05074	+0.347%	$7K	$752K	5x	as long as short
MEXC PHA_USDT	−0.0822%	4h	0.05071	+0.297%	$1.9M	$8.4M	50x	as long as short
Binance PHAUSDTlong	−0.0794%	4h	0.05056	long leg	$5.4M	$182.6M	50x
BloFin PHA-USDT	−0.0763%	4h	0.05067	+0.218%	$362K	$639K	50x	as long as short
KuCoin PHAUSDTM	−0.0738%	4h	0.05073	+0.336%	$442K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0100%	4h	0.05071	+0.297%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHA	+0.0073%	4h	0.05077	+0.416%	$168K	$389K	—	as long as short
Bybit PHAUSDTshort	+0.0100%	4h	0.05067	+0.218%	$2.1M	$22.4M	20x
Gate PHA_USDT	+0.0100%	4h	0.05077	+0.415%	$361K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05076	+0.396%	—	$3.3M	—	as long as short