PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0868%/8h= −95.0% APRnext payment −$4.34 per $10,000 · paid last 24h +0.131%

Price spread now: BloFin against Gate+0.141%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$293as in the Price arb table

costs, in and out, $10k−$3123.118% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.958%+$96 on $10k

Price spread, last 3 days (all we have)+0.537%+$54 · spread now +0.141%, 7d avg −0.045%

Together, before fees+1.495%+$149 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.186% dearer against Gate than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of −0.045%): +$19 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.958%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PHA_USDT	0.04963	−0.0276	get 0.0138% / 4h	3h 14m	$358K	$4.7M	25x
Short	BloFin PHA-USDT	0.04970	−0.1144	pay 0.0572% / 4h	3h 14m	$368K	$624K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BloFinbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$182.2
Price spread: +0.141% → −0.045%: $18.57
Slippage, 4 orders: −$284.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$475.43
Costs to cover: 3.118%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 11 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 Gate live order book, 4 min ago	9.99 bp	141.6 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 11 min ago	5.92 bp	22.3 bp −$22	60.1 bp −$601	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	−0.1634%	4h	0.04960	−0.063%	$11K	$750K	5x	as long as short
BloFin PHA-USDTshort	−0.1144%	4h	0.04970	+0.141%	$368K	$624K	50x
MEXC PHA_USDT	−0.1136%	4h	0.04993	+0.604%	$1.8M	$8.4M	50x	as long as short
Binance PHAUSDT	−0.1126%	4h	0.04989	+0.531%	$5.3M	$181.3M	50x	as long as short
KuCoin PHAUSDTM	−0.1028%	4h	0.04987	+0.484%	$496K	$3.8M	30x	as long as short
Gate PHA_USDTlong	−0.0276%	4h	0.04963	long leg	$358K	$4.7M	25x
Bitget PHAUSDT	−0.0238%	4h	0.04999	+0.725%	$1.5M	$19.8M	50x	as long as short
Variational Omni PHA	−0.0159%	4h	0.05070	+2.147%	$158K	$379K	—	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04995	+0.645%	$2.0M	$22.2M	20x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05004	+0.826%	—	$3.3M	—	as long as short