PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.065%

Price spread now: BingX against KuCoin+0.113%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1571.572% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.113%, 7d avg −0.001%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.115% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PHAUSDTM	0.05301	0.0096	pay 0.0048% / 4h	1h 17m	$470K	$4.3M	30x
Short	BingX PHA-USDT	0.05307	0.0100	get 0.0050% / 4h	1h 17m	—	$3.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0.84
Price spread: +0.113% → −0.001%: $11.47
Slippage, 4 orders: −$135.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$144.85
Costs to cover: 1.572%
Break-even: 1214.1 days

Slippage from KuCoin: live order book, just now; BingX: live order book, 8 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, just now	12.28 bp	51.5 bp −$51	892.3 bp −$8,923	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	5.99 bp	25.4 bp −$25	99.7 bp −$997	392.4 bp −$39.2K	866.0 bp −$433.0K

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
BloFin PHA-USDT	+0.0095%	4h	0.05289	−0.226%	$386K	$710K	50x	as long as short
KuCoin PHAUSDTMlong	+0.0096%	4h	0.05301	long leg	$470K	$4.3M	30x
Aster PHAUSDT	+0.0100%	4h	0.05314	+0.250%	$20K	$979K	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.05309	+0.151%	$6.1M	$197.7M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05313	+0.226%	$2.2M	$23.9M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05301	0.000%	$387K	$5.0M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.05303	+0.038%	$1.8M	$8.8M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.05303	+0.038%	$1.6M	$21.1M	50x	as long as short
BingX PHA-USDTshort	+0.0100%	4h	0.05307	+0.113%	—	$3.5M	—
Variational Omni PHA	+0.0100%	4h	0.05346	+0.849%	$172K	$404K	—	as long as short