Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.110%
Price spread now: BingX against Bybit+0.100%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2182.178% of the position
Funding, last 7 days+0.570%+$57 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.100%, 7d avg −0.060%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.160% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PHAUSDT | 0.05015 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $2.0M | $22.5M | 20x |
| Short | BingX PHA-USDT | 0.05020 | 0.0100 | get 0.0050% / 4h | 1h 41m | — | $3.4M | — |
Bybit PHAUSDT
BingX PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.100% → −0.060%
- $15.95
- Slippage, 4 orders
- −$196.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$201.82
- Costs to cover
- 2.178%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 9 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, 3 min ago | 4.99 bp | 78.5 bp −$78 | 467.7 bp −$4,677 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 3.00 bp | 26.0 bp −$26 | 84.0 bp −$840 | 435.3 bp −$43.5K | 922.8 bp −$461.4K |
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 | −0.0569% | 4h | 0.05017 | +0.038% | $9K | $762K | 5x | as long as short |
| BloFin PHA-USDT | −0.0295% | 4h | 0.05020 | +0.100% | $356K | $639K | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0276% | 4h | 0.05012 | −0.060% | $422K | $3.9M | 30x | as long as short |
| MEXC PHA_USDT | −0.0254% | 4h | 0.05018 | +0.060% | $1.8M | $8.5M | 50x | as long as short |
| Binance PHAUSDT | −0.0242% | 4h | 0.05021 | +0.120% | $5.3M | $183.8M | 50x | as long as short |
| Bybit PHAUSDTlong | +0.0100% | 4h | 0.05015 | long leg | $2.0M | $22.5M | 20x | |
| Gate PHA_USDT | +0.0100% | 4h | 0.05017 | +0.040% | $376K | $4.7M | 25x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05012 | −0.060% | $1.5M | $20.0M | 50x | as long as short |
| BingX PHA-USDTshort | +0.0100% | 4h | 0.05020 | +0.100% | — | $3.4M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.05002 | −0.269% | $157K | $399K | — | as long as short |
Aster PHAUSDT
BloFin PHA-USDT
KuCoin PHAUSDTM
MEXC PHA_USDT
Binance PHAUSDT
Gate PHA_USDT
Bitget PHAUSDT
Variational Omni PHA