Funding you earn now, next payment 04:00 UTC+0.0194%/8h= +21.3% APRnext payment +$0.97 per $10,000 · paid last 24h +0.114%
Price spread now: BingX against BloFin+0.369%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$950.946% of the position
Funding, last 7 days+0.145%+$14 on $10k
+Price spread, last 3 days (all we have)−0.481%−$48 · spread now +0.369%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.302% dearer against BloFin than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PHA-USDT | 0.05148 | 0.0104 | pay 0.0052% / 4h | 3h 20m | $380K | $686K | 50x |
| Short | BingX PHA-USDT | 0.05167 | 0.0298 | get 0.0149% / 4h | 3h 20m | — | $3.4M | — |
BloFin PHA-USDT
BingX PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $40.83
- Price spread: +0.369% → +0.068%
- $30.15
- Slippage, 4 orders
- −$72.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$23.63
- Costs to cover
- 0.946%
- Break-even
- 11.1 days
Slippage from BloFin: live order book, 51 min ago; BingX: live order book, 15 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, 51 min ago | 2.01 bp | 19.1 bp −$19 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 5.97 bp | 24.8 bp −$25 | 96.9 bp −$969 | 448.3 bp −$44.8K | 894.0 bp −$447.0K |
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 | 0.05184 | +0.700% | $16K | $900K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05157 | +0.177% | $6.0M | $190.8M | 50x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05161 | +0.253% | $373K | $4.8M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05165 | +0.330% | $1.8M | $8.7M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05163 | +0.291% | $459K | $4.1M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05174 | +0.505% | $1.5M | $20.5M | 50x | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05159 | +0.207% | $162K | $399K | — | as long as short |
| BloFin PHA-USDTlong | +0.0104% | 4h | 0.05148 | long leg | $380K | $686K | 50x | |
| Bybit PHAUSDT | +0.0207% | 4h | 0.05158 | +0.194% | $2.1M | $23.2M | 20x | as long as short |
| BingX PHA-USDTshort | +0.0298% | 4h | 0.05167 | +0.369% | — | $3.4M | — |
Aster PHAUSDT
Binance PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
Variational Omni PHA
Bybit PHAUSDT