Funding you earn now, next payment 08:00 UTC−0.0300%/8h= −32.8% APRnext payment −$1.50 per $10,000 · paid last 24h −0.080%
Price spread now: KuCoin against BingX−0.133%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1601.599% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now −0.133%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.136% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.50 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 | BingX PHA-USDT | 0.05250 | 0.0100 | pay 0.0050% / 4h | 3h 13m | — | $3.7M | — |
| Short | KuCoin PHAUSDTM | 0.05243 | −0.0200 | pay 0.0100% / 4h | 3h 13m | $634K | $4.7M | 30x |
BingX PHA-USDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$63
- Price spread: −0.133% → +0.003%
- −$13.63
- Slippage, 4 orders
- −$137.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$236.51
- Costs to cover
- 1.599%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 5 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, 6 min ago | 6.52 bp | 26.9 bp −$27 | 112.9 bp −$1,129 | 521.6 bp −$52.2K | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 12.20 bp | 46.1 bp −$46 | 285.8 bp −$2,858 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PHA_USDT | −0.0370% | 4h | 0.05244 | −0.114% | $412K | $5.3M | 25x | as long as short |
| KuCoin PHAUSDTMshort | −0.0200% | 4h | 0.05243 | −0.133% | $634K | $4.7M | 30x | |
| Aster PHAUSDT | −0.0007% | 4h | 0.05241 | −0.165% | $11K | $1.1M | 5x | as long as short |
| BloFin PHA-USDT | +0.0047% | 4h | 0.05236 | −0.267% | $412K | $779K | 50x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05247 | −0.058% | $6.2M | $211.8M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05253 | +0.057% | $2.2M | $25.1M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05249 | −0.019% | $1.8M | $9.1M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05251 | +0.019% | $1.6M | $22.6M | 50x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.05250 | long leg | — | $3.7M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.05286 | +0.687% | $189K | $429K | — | as long as short |
Gate PHA_USDT
Aster PHAUSDT
BloFin PHA-USDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
Bitget PHAUSDT
Variational Omni PHA