Funding you earn now, next payment 00:00 UTC+0.0290%/8h= +31.7% APRnext payment +$1.45 per $10,000 · paid last 24h −0.131%
Price spread now: Gate against BloFin+0.120%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$438as in the Funding arb table
Net, price: spread back to 7d avg − costs−$335as in the Price arb table
costs, in and out, $10k−$3423.419% of the position
Funding, last 7 days−0.958%−$96 on $10k
+Price spread, last 3 days (all we have)−0.336%−$34 · spread now +0.120%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.073% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.958%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PHA-USDT | 0.05000 | −0.0190 | get 0.0095% / 4h | 1h 39m | $355K | $639K | 50x |
| Short | Gate PHA_USDT | 0.05006 | 0.0100 | get 0.0050% / 4h | 1h 39m | $375K | $4.7M | 25x |
BloFin PHA-USDT
Gate PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $60.88
- Price spread: +0.120% → +0.047%
- $7.25
- Slippage, 4 orders
- −$314.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$273.75
- Costs to cover
- 3.419%
- Break-even
- 38.5 days
Slippage from BloFin: live order book, 42 min ago; Gate: 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 BloFin live order book, 42 min ago | 3.02 bp | 24.0 bp −$24 | 95.0 bp −$950 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.99 bp | 127.6 bp −$128 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PHAUSDT | −0.0553% | 4h | 0.05000 | +0.006% | $9K | $762K | 5x | as long as short |
| KuCoin PHAUSDTM | −0.0270% | 4h | 0.04995 | −0.100% | $420K | $3.9M | 30x | as long as short |
| MEXC PHA_USDT | −0.0228% | 4h | 0.05002 | +0.040% | $1.8M | $8.5M | 50x | as long as short |
| Binance PHAUSDT | −0.0215% | 4h | 0.04999 | −0.021% | $5.3M | $183.8M | 50x | as long as short |
| BloFin PHA-USDTlong | −0.0190% | 4h | 0.05000 | long leg | $355K | $639K | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05004 | +0.080% | $2.0M | $22.5M | 20x | as long as short |
| Gate PHA_USDTshort | +0.0100% | 4h | 0.05006 | +0.120% | $375K | $4.7M | 25x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05003 | +0.060% | $1.5M | $20.0M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05006 | +0.120% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05016 | +0.318% | $157K | $399K | — | as long as short |
Aster PHAUSDT
KuCoin PHAUSDTM
MEXC PHA_USDT
Binance PHAUSDT
Bybit PHAUSDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA