Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.24 per $10,000 · paid last 24h +0.050%
Price spread now: KuCoin against BloFin−0.330%80s7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as 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−$1281.279% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 3 days (all we have)+0.365%+$37 · spread now −0.330%, 7d avg +0.049%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.380% cheaper against BloFin than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you. The two prices were read 80 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 | 0.05145 | 0.0147 | pay 0.0074% / 4h | 3h 13m | $390K | $681K | 50x |
| Short | KuCoin PHAUSDTM | 0.05128 | 0.0100 | get 0.0050% / 4h | 3h 13m | $505K | $4.1M | 30x |
BloFin PHA-USDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$9.87
- Price spread: −0.330% → +0.049%
- −$37.95
- Slippage, 4 orders
- −$103.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$175.74
- Costs to cover
- 1.279%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 min ago; KuCoin: 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, 58 min ago | 2.01 bp | 19.1 bp −$19 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 12.72 bp | 47.1 bp −$47 | 209.8 bp −$2,098 | 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 | +0.0100% | 4h | 0.05132 | −0.250% | $15K | $903K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05137 | −0.148% | $6.0M | $191.0M | 50x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05131 | −0.272% | $373K | $4.8M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05138 | −0.136% | $1.8M | $8.7M | 50x | as long as short |
| KuCoin PHAUSDTMshort | +0.0100% | 4h | 0.05128 | −0.330% | $505K | $4.1M | 30x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05130 | −0.292% | $1.5M | $20.5M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05134 | −0.214% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05130 | −0.288% | $161K | $399K | — | as long as short |
| Bybit PHAUSDT | +0.0103% | 4h | 0.05149 | +0.078% | $2.1M | $23.2M | 20x | as long as short |
| BloFin PHA-USDTlong | +0.0147% | 4h | 0.05145 | long leg | $390K | $681K | 50x |
Aster PHAUSDT
Binance PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA
Bybit PHAUSDT