Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.105%
Price spread now: MEXC against Bitget−0.043%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days+0.181%+$18 · spread now −0.043%, 7d avg +0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.096% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PHAUSDT | 0.04608 | 0.0100 | pay 0.0050% / 4h | 43m 35s | $1.5M | $24.5M | 50x |
| Short | MEXC PHA_USDT | 0.04606 | 0.0100 | get 0.0050% / 4h | 43m 35s | $1.6M | $9.5M | 50x |
Bitget PHAUSDT
MEXC PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.043% → +0.053%
- −$9.63
- Slippage, 4 orders
- −$114.56
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$140.19
- Costs to cover
- 1.306%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; MEXC: 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 | 6.54 bp | 57.1 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.18 bp | 10.3 bp −$10 | 53.9 bp −$539 | 111.7 bp −$11.2K | 286.2 bp −$143.1K |
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 | −0.0020% | 4h | 0.04605 | −0.065% | $528K | $5.6M | 30x | as long as short |
| Gate PHA_USDT | +0.0038% | 4h | 0.04605 | −0.065% | $361K | $5.8M | 25x | as long as short |
| BloFin PHA-USDT | +0.0092% | 4h | 0.04604 | −0.087% | $312K | $794K | 50x | as long as short |
| Aster PHAUSDT | +0.0100% | 4h | 0.04606 | −0.045% | $15K | $1.3M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04610 | +0.043% | $4.8M | $224.6M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04612 | +0.087% | $1.8M | $26.7M | 20x | as long as short |
| MEXC PHA_USDTshort | +0.0100% | 4h | 0.04606 | −0.043% | $1.6M | $9.5M | 50x | |
| Bitget PHAUSDTlong | +0.0100% | 4h | 0.04608 | long leg | $1.5M | $24.5M | 50x | |
| BingX PHA-USDT | +0.0100% | 4h | 0.04604 | −0.087% | — | $3.9M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04596 | −0.269% | $165K | $437K | — | as long as short |
KuCoin PHAUSDTM
Gate PHA_USDT
BloFin PHA-USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
BingX PHA-USDT
Variational Omni PHA