Funding you earn now, next payment 04:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.52 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against Bybit−0.368%52s7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as 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−$2542.544% of the position
Funding, last 7 days+0.425%+$43 on $10k
+Price spread, last 3 days (all we have)+0.425%+$42 · spread now −0.368%, 7d avg −0.117%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.250% cheaper against Bybit than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.117%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.425%, so the current rate has only just turned against you. The two prices were read 52 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 | Bybit PHAUSDT | 0.05167 | 0.0207 | pay 0.0103% / 4h | 3h 20m | $2.1M | $23.2M | 20x |
| Short | BloFin PHA-USDT | 0.05148 | 0.0104 | get 0.0052% / 4h | 3h 20m | $380K | $686K | 50x |
Bybit PHAUSDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$21.68
- Price spread: −0.368% → −0.117%
- −$25.02
- Slippage, 4 orders
- −$231.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$301.11
- Costs to cover
- 2.544%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 51 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 | 9.65 bp | 105.2 bp −$105 | 347.1 bp −$3,471 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 2.01 bp | 23.1 bp −$23 | 72.6 bp −$726 | 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 | 0.05167 | 0.000% | $16K | $900K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05165 | −0.048% | $6.0M | $190.8M | 50x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05162 | −0.097% | $373K | $4.8M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05165 | −0.039% | $1.8M | $8.7M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05163 | −0.077% | $459K | $4.1M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05169 | +0.039% | $1.5M | $20.5M | 50x | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05159 | −0.162% | $162K | $399K | — | as long as short |
| BloFin PHA-USDTshort | +0.0104% | 4h | 0.05148 | −0.368% | $380K | $686K | 50x | |
| Bybit PHAUSDTlong | +0.0207% | 4h | 0.05167 | long leg | $2.1M | $23.2M | 20x | |
| BingX PHA-USDT | +0.0298% | 4h | 0.05170 | +0.058% | — | $3.4M | — | as long as short |
Aster PHAUSDT
Binance PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
Variational Omni PHA
BingX PHA-USDT