Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.0% APRnext payment +$0.05 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against BloFin+0.607%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$920.923% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−0.800%−$80 · spread now +0.607%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.636% dearer against BloFin than usual: you sell high and buy low: +$64 more if the spread goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PHA-USDT | 0.04983 | 0.0090 | pay 0.0045% / 4h | 3h 46m | $362K | $648K | 50x |
| Short | Binance PHAUSDT | 0.05013 | 0.0100 | get 0.0050% / 4h | 3h 46m | $5.6M | $189.4M | 50x |
BloFin PHA-USDT
Binance PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $2.01
- Price spread: +0.607% → −0.029%
- $63.59
- Slippage, 4 orders
- −$70.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.66
- Costs to cover
- 0.923%
- Break-even
- 99.8 days
Slippage from BloFin: live order book, 25 min ago; Binance: 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 BloFin live order book, 25 min ago | 2.01 bp | 19.1 bp −$19 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.97 bp | 21.4 bp −$21 | 117.7 bp −$1,177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PHA-USDTlong | +0.0090% | 4h | 0.04983 | long leg | $362K | $648K | 50x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.05009 | +0.518% | $17K | $882K | 5x | as long as short |
| Binance PHAUSDTshort | +0.0100% | 4h | 0.05013 | +0.607% | $5.6M | $189.4M | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05018 | +0.702% | $2.1M | $23.0M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05001 | +0.361% | $367K | $4.8M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05014 | +0.622% | $1.8M | $8.6M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05003 | +0.401% | $479K | $4.0M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05014 | +0.622% | $1.5M | $20.3M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05006 | +0.462% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05076 | +1.871% | $160K | $399K | — | as long as short |
Aster PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA