Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%
Price spread now: Bybit against MEXC+0.283%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$2052.047% of the position
Funding, last 7 days−0.408%−$41 on $10k
+Price spread, last 7 days−0.271%−$27 · spread now +0.283%, 7d avg +0.134%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.149% dearer against MEXC than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHA_USDT | 0.05301 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $1.8M | $8.8M | 50x |
| Short | Bybit PHAUSDT | 0.05316 | 0.0100 | get 0.0050% / 4h | 1h 19m | $2.2M | $23.8M | 20x |
MEXC PHA_USDT
Bybit PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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: +0.283% → +0.134%
- $14.92
- Slippage, 4 orders
- −$189.74
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$189.82
- Costs to cover
- 2.047%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 4 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 MEXC live order book, 3 min ago | 2.89 bp | 10.2 bp −$10 | 35.9 bp −$359 | 72.5 bp −$7,249 | 266.8 bp −$133.4K |
| Sell Bybit live order book, 4 min ago | 5.91 bp | 92.8 bp −$93 | 303.4 bp −$3,034 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PHA-USDT | +0.0092% | 4h | 0.05378 | +1.453% | $406K | $722K | 50x | as long as short |
| Aster PHAUSDT | +0.0100% | 4h | 0.05313 | +0.226% | $10K | $977K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05311 | +0.189% | $6.1M | $197.3M | 50x | as long as short |
| Bybit PHAUSDTshort | +0.0100% | 4h | 0.05316 | +0.283% | $2.2M | $23.8M | 20x | |
| Gate PHA_USDT | +0.0100% | 4h | 0.05298 | −0.057% | $388K | $5.0M | 25x | as long as short |
| MEXC PHA_USDTlong | +0.0100% | 4h | 0.05301 | long leg | $1.8M | $8.8M | 50x | |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05298 | −0.057% | $447K | $4.3M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05310 | +0.170% | $1.6M | $21.1M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05307 | +0.113% | — | $3.5M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05346 | +0.849% | $172K | $404K | — | as long as short |
BloFin PHA-USDT
Aster PHAUSDT
Binance PHAUSDT
Gate PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA