PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.49 per $10,000 · paid last 24h −0.050%

Price spread now: BloFin against KuCoin+0.597%80s7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as 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−$1271.273% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 3 days (all we have)−0.474%−$47 · spread now +0.597%, 7d avg −0.063%

Together, before fees−0.563%−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.659% dearer against KuCoin than usual: you sell high and buy low (spread +0.597% now, against its 7-day average of −0.063%): +$66 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.089% in total) that is about 52 days. The two prices were read 80 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	KuCoin PHAUSDTM	0.05026	−0.0670	get 0.0335% / 4h	2h 33m	$426K	$3.9M	30x
Short	BloFin PHA-USDT	0.05056	−0.0769	pay 0.0384% / 4h	2h 33m	$359K	$638K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.597%Rate

Funding earned: −$20.75
Price spread: +0.597% → −0.063%: $65.94
Slippage, 4 orders: −$103.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$82.14
Costs to cover: 1.273%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 52 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, 4 min ago	9.87 bp	44.2 bp −$44	483.3 bp −$4,833	doesn't fit	doesn't fit
Sell BloFin live order book, 52 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	−0.1147%	4h	0.05028	+0.044%	$7K	$756K	5x	as long as short
BloFin PHA-USDTshort	−0.0769%	4h	0.05056	+0.597%	$359K	$638K	50x
Binance PHAUSDT	−0.0725%	4h	0.05029	+0.061%	$5.3M	$182.7M	50x	as long as short
MEXC PHA_USDT	−0.0724%	4h	0.05027	+0.020%	$1.8M	$8.4M	50x	as long as short
KuCoin PHAUSDTMlong	−0.0670%	4h	0.05026	long leg	$426K	$3.9M	30x
Bitget PHAUSDT	−0.0064%	4h	0.05026	0.000%	$1.5M	$19.9M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05030	+0.080%	$2.0M	$22.4M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05023	−0.060%	$360K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05033	+0.139%	—	$3.3M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.05085	+1.180%	$169K	$390K	—	as long as short