Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: Binance against Bybit−0.062%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2452.453% of the position
Funding, last 7 days+0.410%+$41 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.062%, 7d avg −0.149%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.088% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.149%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PHAUSDT | 0.05029 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $2.0M | $23.6M | 20x |
| Short | Binance PHAUSDT | 0.05026 | 0.0100 | get 0.0050% / 4h | 2h 12m | $5.9M | $194.5M | 50x |
Bybit PHAUSDT
Binance PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: −0.062% → −0.149%
- $8.77
- Slippage, 4 orders
- −$224.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$236.52
- Costs to cover
- 2.453%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 1 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 Bybit live order book, 2 min ago | 8.91 bp | 92.6 bp −$93 | 506.9 bp −$5,069 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.99 bp | 21.0 bp −$21 | 132.2 bp −$1,322 | doesn't fit | doesn't fit |
PHA on 9 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 | 0.05038 | +0.186% | $12K | $940K | 5x | as long as short |
| Binance PHAUSDTshort | +0.0100% | 4h | 0.05026 | −0.062% | $5.9M | $194.5M | 50x | |
| Bybit PHAUSDTlong | +0.0100% | 4h | 0.05029 | long leg | $2.0M | $23.6M | 20x | |
| Gate PHA_USDT | +0.0100% | 4h | 0.05034 | +0.099% | $379K | $5.0M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05030 | +0.020% | $1.7M | $8.7M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05025 | −0.080% | $448K | $4.2M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05028 | −0.020% | $1.5M | $20.8M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05041 | +0.239% | — | $3.5M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04994 | −0.694% | $161K | $404K | — | as long as short |
Aster PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA