PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0616%/8h= +67.5% APRnext payment +$3.08 per $10,000 · paid last 24h −0.046%

Price spread now: Bybit against KuCoin+0.080%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2622.621% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.516%−$52 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.080%, 7d avg +0.044%

Together, before fees−0.612%−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.036% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.516%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PHAUSDTM	0.04989	−0.0516	get 0.0258% / 4h	2h 15m	$422K	$3.9M	30x
Short	Bybit PHAUSDT	0.04993	0.0100	get 0.0050% / 4h	2h 15m	$2.0M	$22.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.080%Rate

Funding earned: $129.36
Price spread: +0.080% → +0.044%: $3.59
Slippage, 4 orders: −$239.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.15
Costs to cover: 2.621%
Break-even: 14.0 days

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	10.02 bp	39.0 bp −$39	598.2 bp −$5,982	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.02 bp	90.1 bp −$90	249.0 bp −$2,490	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	−0.0975%	4h	0.04985	−0.074%	$10K	$759K	5x	as long as short
BloFin PHA-USDT	−0.0590%	4h	0.04995	+0.120%	$358K	$632K	50x	as long as short
Binance PHAUSDT	−0.0566%	4h	0.04990	+0.022%	$5.3M	$183.2M	50x	as long as short
MEXC PHA_USDT	−0.0564%	4h	0.04990	+0.020%	$1.7M	$8.5M	50x	as long as short
KuCoin PHAUSDTMlong	−0.0516%	4h	0.04989	long leg	$422K	$3.9M	30x
Bitget PHAUSDT	+0.0016%	4h	0.04997	+0.160%	$1.5M	$19.9M	50x	as long as short
Bybit PHAUSDTshort	+0.0100%	4h	0.04993	+0.080%	$2.0M	$22.4M	20x
Gate PHA_USDT	+0.0100%	4h	0.04992	+0.060%	$373K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04992	+0.060%	—	$3.3M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04969	−0.396%	$156K	$399K	—	as long as short