Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.239%
Price spread now: Aster against Bitget−0.563%7-day average +0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$457as in the Price arb table
costs, in and out, $10k−$3833.826% of the position
Funding, last 5 days (all we have)−0.644%−$64 on $10k
+Price spread, last 4 days (all we have)+0.565%+$56 · spread now −0.563%, 7d avg +0.183%
=Together, before fees−0.079%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.746% cheaper against Bitget than usual: you would sell low and buy high (−$75 if the spread goes back to its 7-day average of +0.183%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PHAUSDT | 0.05448 | 0.0100 | pay 0.0050% / 4h | 8m 49s | $1.7M | $21.8M | 50x |
| Short | Aster PHAUSDT | 0.05417 | 0.0078 | get 0.0039% / 4h | 8m 49s | $14K | $1.1M | 5x |
Bitget PHAUSDT
Aster PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bitget. 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
- −$4.58
- Price spread: −0.563% → +0.183%
- −$74.61
- Slippage, 4 orders
- −$362.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$461.81
- Costs to cover
- 3.826%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Aster: live order book, 4 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 Bitget live order book, 5 min ago | 8.16 bp | 36.0 bp −$36 | 122.8 bp −$1,228 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 10.04 bp | 237.0 bp −$237 | 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 | −0.0160% | 4h | 0.05437 | −0.202% | $512K | $4.6M | 30x | as long as short |
| Aster PHAUSDTshort | +0.0078% | 4h | 0.05417 | −0.563% | $14K | $1.1M | 5x | |
| Binance PHAUSDT | +0.0100% | 4h | 0.05432 | −0.302% | $6.5M | $206.7M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05440 | −0.147% | $2.3M | $24.6M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05430 | −0.330% | $418K | $5.2M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05429 | −0.349% | $2.0M | $9.0M | 50x | as long as short |
| Bitget PHAUSDTlong | +0.0100% | 4h | 0.05448 | long leg | $1.7M | $21.8M | 50x | |
| BingX PHA-USDT | +0.0100% | 4h | 0.05431 | −0.312% | — | $3.6M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05506 | +1.064% | $195K | $427K | — | as long as short |
| BloFin PHA-USDT | +0.0155% | 4h | 0.05431 | −0.312% | $424K | $792K | 50x | as long as short |
KuCoin PHAUSDTM
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
BingX PHA-USDT
Variational Omni PHA
BloFin PHA-USDT