Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.24 per $10,000 · paid last 24h −0.114%
Price spread now: BloFin against BingX−0.314%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)+0.993%+$99 · spread now −0.314%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.245% cheaper against BingX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHA-USDT | 0.05408 | 0.0100 | pay 0.0050% / 4h | 54m 53s | — | $3.6M | — |
| Short | BloFin PHA-USDT | 0.05391 | 0.0053 | get 0.0026% / 4h | 54m 53s | $431K | $744K | 50x |
BingX PHA-USDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$9.87
- Price spread: −0.314% → −0.069%
- −$24.52
- Slippage, 4 orders
- −$84.75
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$141.15
- Costs to cover
- 1.068%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; BloFin: live order book, 47 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 BingX live order book, 10 min ago | 7.52 bp | 27.1 bp −$27 | 127.1 bp −$1,271 | 496.4 bp −$49.6K | 856.4 bp −$428.2K |
| Sell BloFin live order book, 47 min ago | 2.97 bp | 21.1 bp −$21 | 88.9 bp −$889 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PHAUSDTM | +0.0006% | 4h | 0.05401 | −0.129% | $530K | $4.5M | 30x | as long as short |
| BloFin PHA-USDTshort | +0.0053% | 4h | 0.05391 | −0.314% | $431K | $744K | 50x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.05408 | −0.008% | $13K | $1.0M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05407 | −0.024% | $6.4M | $201.1M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05417 | +0.166% | $2.2M | $24.2M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05411 | +0.055% | $402K | $5.1M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05406 | −0.037% | $1.8M | $8.8M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05407 | −0.018% | $1.6M | $21.3M | 50x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.05408 | long leg | — | $3.6M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.05407 | −0.026% | $173K | $406K | — | as long as short |
KuCoin PHAUSDTM
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
Bitget PHAUSDT
Variational Omni PHA