Funding you earn now, next payment 12:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.002%
Price spread now: MEXC against BloFin+0.306%94s7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as 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−$660.662% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.676%−$68 · spread now +0.306%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC 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 +0.004%. The two prices were read 94 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 | 0.04580 | 0.0079 | pay 0.0039% / 4h | 2h 21m | $301K | $770K | 50x |
| Short | MEXC PHA_USDT | 0.04594 | 0.0100 | get 0.0050% / 4h | 2h 21m | $1.5M | $9.4M | 50x |
BloFin PHA-USDT
MEXC PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $4.45
- Price spread: +0.306% → +0.004%
- $30.19
- Slippage, 4 orders
- −$50.23
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$31.59
- Costs to cover
- 0.662%
- Break-even
- 56.7 days
Slippage from BloFin: live order book, 28 min ago; MEXC: 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, 28 min ago | 3.28 bp | 24.6 bp −$25 | 81.7 bp −$817 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.09 bp | 8.1 bp −$8 | 43.3 bp −$433 | 103.1 bp −$10.3K | 293.3 bp −$146.6K |
PHA on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PHA_USDT | −0.0492% | 4h | 0.04592 | +0.262% | $354K | $5.4M | 25x | as long as short |
| KuCoin PHAUSDTM | −0.0214% | 4h | 0.04592 | +0.262% | $500K | $5.5M | 30x | as long as short |
| BloFin PHA-USDTlong | +0.0079% | 4h | 0.04580 | long leg | $301K | $770K | 50x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.04595 | +0.333% | $17K | $1.3M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04593 | +0.277% | $4.7M | $216.0M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04600 | +0.437% | $1.7M | $25.1M | 20x | as long as short |
| MEXC PHA_USDTshort | +0.0100% | 4h | 0.04594 | +0.306% | $1.5M | $9.4M | 50x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04594 | +0.306% | $1.3M | $23.9M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04596 | +0.349% | — | $3.8M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04589 | +0.198% | $167K | $397K | — | as long as short |
Gate PHA_USDT
KuCoin PHAUSDTM
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA