Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: BingX against Bitget−0.100%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1291.287% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.100%, 7d avg +0.114%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.214% cheaper against Bitget than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PHAUSDT | 0.05008 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $1.5M | $20.7M | 50x |
| Short | BingX PHA-USDT | 0.05003 | 0.0100 | get 0.0050% / 4h | 2h 52m | — | $3.5M | — |
Bitget PHAUSDT
BingX PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $0
- Price spread: −0.100% → +0.114%
- −$21.4
- Slippage, 4 orders
- −$106.69
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$150.09
- Costs to cover
- 1.287%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 12 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, 1 min ago | 8.98 bp | 35.1 bp −$35 | 117.5 bp −$1,175 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 6.75 bp | 25.5 bp −$25 | 116.3 bp −$1,163 | 532.1 bp −$53.2K | 949.7 bp −$474.9K |
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 | +0.0100% | 4h | 0.04994 | −0.278% | $16K | $924K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05007 | −0.020% | $5.9M | $192.8M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05008 | 0.000% | $2.1M | $23.4M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05006 | −0.040% | $369K | $4.9M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05008 | 0.000% | $1.7M | $8.7M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05005 | −0.060% | $495K | $4.2M | 30x | as long as short |
| Bitget PHAUSDTlong | +0.0100% | 4h | 0.05008 | long leg | $1.5M | $20.7M | 50x | |
| BingX PHA-USDTshort | +0.0100% | 4h | 0.05003 | −0.100% | — | $3.5M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.05081 | +1.452% | $164K | $403K | — | as long as short |
| BloFin PHA-USDT | +0.0140% | 4h | 0.04993 | −0.300% | $397K | $658K | 50x | as long as short |
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Variational Omni PHA
BloFin PHA-USDT