Funding you earn now, next payment 00:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.95 per $10,000 · paid last 24h −0.125%
Price spread now: Gate against Binance+0.020%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$419as in the Funding arb table
Net, price: spread back to 7d avg − costs−$331as in the Price arb table
costs, in and out, $10k−$3253.251% of the position
Funding, last 7 days−0.941%−$94 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.020%, 7d avg +0.077%
=Funding pays, the price is against you. Gate is 0.058% cheaper against Binance than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.077%). If the spread goes back, that is −$6 on $10k: about 24 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.941%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAUSDT | 0.04982 | −0.0091 | get 0.0045% / 4h | 1h 24m | $5.3M | $184.2M | 50x |
| Short | Gate PHA_USDT | 0.04983 | 0.0100 | get 0.0050% / 4h | 1h 24m | $373K | $4.7M | 25x |
Binance PHAUSDT
Gate PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.020% → +0.077%
- −$5.77
- Slippage, 4 orders
- −$300.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$290.76
- Costs to cover
- 3.251%
- Break-even
- 57.8 days
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 3 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 Gate live order book, 3 min ago | 7.04 bp | 124.8 bp −$125 | doesn't fit | 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 | 0.04981 | −0.012% | $8K | $765K | 5x | as long as short |
| BloFin PHA-USDT | −0.0163% | 4h | 0.04979 | −0.061% | $349K | $639K | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0158% | 4h | 0.04981 | −0.021% | $418K | $3.9M | 30x | as long as short |
| MEXC PHA_USDT | −0.0102% | 4h | 0.04983 | +0.020% | $1.7M | $8.5M | 50x | as long as short |
| Binance PHAUSDTlong | −0.0091% | 4h | 0.04982 | long leg | $5.3M | $184.2M | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04982 | 0.000% | $2.0M | $22.5M | 20x | as long as short |
| Gate PHA_USDTshort | +0.0100% | 4h | 0.04983 | +0.020% | $373K | $4.7M | 25x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04986 | +0.080% | $1.5M | $20.0M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04987 | +0.100% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04989 | +0.148% | $156K | $399K | — | as long as short |
Aster PHAUSDT
BloFin PHA-USDT
KuCoin PHAUSDTM
MEXC PHA_USDT
Bybit PHAUSDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA