Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.204%
Price spread now: Gate against BingX+0.128%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$457as in the Funding arb table
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$3473.467% of the position
Funding, last 7 days−1.101%−$110 on $10k
+Price spread, last 7 days−0.014%−$1 · spread now +0.128%, 7d avg +0.038%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.091% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHA-USDT | 0.05458 | 0.0100 | pay 0.0050% / 4h | 6m 57s | — | $3.6M | — |
| Short | Gate PHA_USDT | 0.05465 | 0.0100 | get 0.0050% / 4h | 6m 57s | $420K | $5.2M | 25x |
BingX PHA-USDT
Gate PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.128% → +0.038%
- $9.06
- Slippage, 4 orders
- −$321.73
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$337.67
- Costs to cover
- 3.467%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Gate: live order book, 1 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, 3 min ago | 6.36 bp | 22.5 bp −$22 | 87.7 bp −$877 | 491.7 bp −$49.2K | 885.9 bp −$443.0K |
| Sell Gate live order book, 1 min ago | 7.34 bp | 120.2 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PHAUSDTM | −0.0162% | 4h | 0.05449 | −0.165% | $533K | $4.6M | 30x | as long as short |
| Aster PHAUSDT | +0.0035% | 4h | 0.05454 | −0.081% | $14K | $1.1M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05473 | +0.276% | $6.6M | $206.8M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05481 | +0.421% | $2.3M | $24.6M | 20x | as long as short |
| Gate PHA_USDTshort | +0.0100% | 4h | 0.05465 | +0.128% | $420K | $5.2M | 25x | |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05463 | +0.092% | $2.0M | $9.0M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05481 | +0.421% | $1.7M | $21.8M | 50x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.05458 | long leg | — | $3.6M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.05506 | +0.879% | $195K | $427K | — | as long as short |
| BloFin PHA-USDT | +0.0132% | 4h | 0.05456 | −0.037% | $425K | $795K | 50x | as long as short |
KuCoin PHAUSDTM
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
Bitget PHAUSDT
Variational Omni PHA
BloFin PHA-USDT