Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.101%
Price spread now: Bitget against BloFin+0.087%95s7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1481.480% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.087%, 7d avg −0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.114% dearer against BloFin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PHA-USDT | 0.04604 | 0.0092 | pay 0.0046% / 4h | 43m 34s | $312K | $794K | 50x |
| Short | Bitget PHAUSDT | 0.04608 | 0.0100 | get 0.0050% / 4h | 43m 34s | $1.5M | $24.5M | 50x |
BloFin PHA-USDT
Bitget PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $1.64
- Price spread: +0.087% → −0.027%
- $11.39
- Slippage, 4 orders
- −$123.95
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$134.92
- Costs to cover
- 1.480%
- Break-even
- 581.2 days
Slippage from BloFin: live order book, 38 min ago; Bitget: live order book, 5 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, 38 min ago | 3.30 bp | 17.8 bp −$18 | 115.5 bp −$1,155 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 6.54 bp | 51.6 bp −$52 | 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 | −0.0020% | 4h | 0.04605 | +0.022% | $528K | $5.6M | 30x | as long as short |
| Gate PHA_USDT | +0.0038% | 4h | 0.04605 | +0.022% | $361K | $5.8M | 25x | as long as short |
| BloFin PHA-USDTlong | +0.0092% | 4h | 0.04604 | long leg | $312K | $794K | 50x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.04606 | +0.042% | $15K | $1.3M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04610 | +0.130% | $4.8M | $224.6M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04612 | +0.174% | $1.8M | $26.7M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04606 | +0.043% | $1.6M | $9.5M | 50x | as long as short |
| Bitget PHAUSDTshort | +0.0100% | 4h | 0.04608 | +0.087% | $1.5M | $24.5M | 50x | |
| BingX PHA-USDT | +0.0100% | 4h | 0.04604 | 0.000% | — | $3.9M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04596 | −0.182% | $165K | $437K | — | as long as short |
KuCoin PHAUSDTM
Gate PHA_USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
BingX PHA-USDT
Variational Omni PHA