Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.085%
Price spread now: Gate against MEXC−0.060%7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$328as in the Price arb table
costs, in and out, $10k−$3133.133% of the position
Funding, last 7 days−0.941%−$94 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.060%, 7d avg +0.088%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.148% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHA_USDT | 0.05021 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $1.7M | $8.7M | 50x |
| Short | Gate PHA_USDT | 0.05018 | 0.0100 | get 0.0050% / 4h | 2h 11m | $378K | $5.0M | 25x |
MEXC PHA_USDT
Gate PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.060% → +0.088%
- −$14.77
- Slippage, 4 orders
- −$294.31
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$328.08
- Costs to cover
- 3.133%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago | 1.98 bp | 13.5 bp −$14 | 64.5 bp −$645 | 110.1 bp −$11.0K | 274.8 bp −$137.4K |
| Sell Gate live order book, 2 min ago | 9.90 bp | 132.6 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.05031 | +0.205% | $12K | $940K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05011 | −0.199% | $5.8M | $194.5M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05010 | −0.219% | $2.0M | $23.6M | 20x | as long as short |
| Gate PHA_USDTshort | +0.0100% | 4h | 0.05018 | −0.060% | $378K | $5.0M | 25x | |
| MEXC PHA_USDTlong | +0.0100% | 4h | 0.05021 | long leg | $1.7M | $8.7M | 50x | |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05017 | −0.080% | $448K | $4.2M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05010 | −0.219% | $1.5M | $20.8M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05019 | −0.040% | — | $3.5M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04994 | −0.536% | $161K | $404K | — | as long as short |
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA