Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.055%
Price spread now: MEXC against KuCoin+0.120%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1131.132% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.120%, 7d avg −0.075%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.195% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PHAUSDTM | 0.05012 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $457K | $4.2M | 30x |
| Short | MEXC PHA_USDT | 0.05018 | 0.0100 | get 0.0050% / 4h | 2h 26m | $1.7M | $8.7M | 50x |
KuCoin PHAUSDTM
MEXC PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.120% → −0.075%
- $19.5
- Slippage, 4 orders
- −$97.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$93.7
- Costs to cover
- 1.132%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; MEXC: 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 | 11.94 bp | 45.7 bp −$46 | 357.5 bp −$3,575 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.99 bp | 11.7 bp −$12 | 58.9 bp −$589 | 106.4 bp −$10.6K | 282.9 bp −$141.5K |
PHA on 9 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 | +0.0100% | 4h | 0.05020 | +0.165% | $11K | $934K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05019 | +0.140% | $5.8M | $194.0M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05023 | +0.219% | $2.0M | $23.5M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05025 | +0.259% | $378K | $4.9M | 25x | as long as short |
| MEXC PHA_USDTshort | +0.0100% | 4h | 0.05018 | +0.120% | $1.7M | $8.7M | 50x | |
| KuCoin PHAUSDTMlong | +0.0100% | 4h | 0.05012 | long leg | $457K | $4.2M | 30x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05021 | +0.180% | $1.5M | $20.8M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05021 | +0.180% | — | $3.5M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05026 | +0.284% | $161K | $404K | — | as long as short |
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA