PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0282%/8h= +30.9% APRnext payment +$1.41 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against Gate0.000%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2532.528% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.030%+$103 on $10k

Price spread, last 7 days+0.007%+$1 · spread now 0.000%, 7d avg −0.034%

Together, before fees+1.037%+$104 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PHA_USDT	0.04592	−0.0492	get 0.0246% / 4h	2h 21m	$354K	$5.4M	25x
Short	KuCoin PHAUSDTM	0.04592	−0.0210	pay 0.0105% / 4h	2h 21m	$500K	$5.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $59.22
Price spread: 0.000% → −0.034%: $3.37
Slippage, 4 orders: −$225.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$190.21
Costs to cover: 2.528%
Break-even: 29.5 days

Slippage from Gate: live order book, 5 min ago; KuCoin: 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 Gate live order book, 5 min ago	5.45 bp	83.2 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	8.74 bp	40.7 bp −$41	179.5 bp −$1,795	doesn't fit	doesn't fit

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_USDTlong	−0.0492%	4h	0.04592	long leg	$354K	$5.4M	25x
KuCoin PHAUSDTMshort	−0.0210%	4h	0.04592	0.000%	$500K	$5.5M	30x
BloFin PHA-USDT	+0.0079%	4h	0.04580	−0.261%	$301K	$770K	50x	as long as short
Aster PHAUSDT	+0.0100%	4h	0.04595	+0.074%	$17K	$1.3M	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.04594	+0.051%	$4.7M	$216.6M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04600	+0.174%	$1.7M	$25.1M	20x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04596	+0.087%	$1.5M	$9.4M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04595	+0.065%	$1.3M	$23.9M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04596	+0.087%	—	$3.8M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04589	−0.064%	$167K	$397K	—	as long as short