PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.057%

Price spread now: Binance against KuCoin+0.119%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1311.311% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)−0.532%−$53 · spread now +0.119%, 7d avg −0.094%

Together, before fees−0.638%−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.213% dearer against KuCoin than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of −0.094%): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PHAUSDTM	0.05040	−0.0874	get 0.0437% / 4h	2h 56m	$442K	$3.9M	30x
Short	Binance PHAUSDT	0.05046	−0.0964	pay 0.0482% / 4h	2h 56m	$5.4M	$182.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.119%Rate

Funding earned: −$18.99
Price spread: +0.119% → −0.094%: $21.33
Slippage, 4 orders: −$109.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$128.79
Costs to cover: 1.311%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	12.96 bp	45.2 bp −$45	955.7 bp −$9,557	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.99 bp	19.2 bp −$19	91.9 bp −$919	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	−0.1423%	4h	0.05032	−0.166%	$7K	$751K	5x	as long as short
Binance PHAUSDTshort	−0.0964%	4h	0.05046	+0.119%	$5.4M	$182.1M	50x
MEXC PHA_USDT	−0.0964%	4h	0.05038	−0.040%	$1.8M	$8.4M	50x	as long as short
BloFin PHA-USDT	−0.0921%	4h	0.05046	+0.119%	$363K	$635K	50x	as long as short
KuCoin PHAUSDTMlong	−0.0874%	4h	0.05040	long leg	$442K	$3.9M	30x
Bitget PHAUSDT	−0.0160%	4h	0.05046	+0.119%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHA	−0.0041%	4h	0.05036	−0.088%	$158K	$379K	—	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05048	+0.159%	$2.0M	$22.3M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05047	+0.139%	$359K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05052	+0.238%	—	$3.3M	—	as long as short