Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.055%
Price spread now: KuCoin against MEXC−0.060%7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$990.985% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.060%, 7d avg +0.085%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.145% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.085%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.106%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHA_USDT | 0.05019 | 0.0100 | pay 0.0050% / 4h | 54m 02s | $1.7M | $8.6M | 50x |
| Short | KuCoin PHAUSDTM | 0.05016 | 0.0070 | get 0.0035% / 4h | 54m 02s | $424K | $3.9M | 30x |
MEXC PHA_USDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.3
- Price spread: −0.060% → +0.085%
- −$14.48
- Slippage, 4 orders
- −$82.52
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$119.3
- Costs to cover
- 0.985%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 9 min ago; KuCoin: 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 MEXC live order book, 9 min ago | 1.00 bp | 10.4 bp −$10 | 61.0 bp −$610 | 125.2 bp −$12.5K | 295.0 bp −$147.5K |
| Sell KuCoin live order book, 3 min ago | 6.96 bp | 45.2 bp −$45 | 187.6 bp −$1,876 | 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 | −0.0061% | 4h | 0.05020 | +0.019% | $8K | $771K | 5x | as long as short |
| BloFin PHA-USDT | +0.0042% | 4h | 0.05023 | +0.080% | $352K | $648K | 50x | as long as short |
| KuCoin PHAUSDTMshort | +0.0070% | 4h | 0.05016 | −0.060% | $424K | $3.9M | 30x | |
| Binance PHAUSDT | +0.0100% | 4h | 0.05024 | +0.100% | $5.3M | $184.8M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05028 | +0.179% | $2.0M | $22.6M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05025 | +0.120% | $379K | $4.7M | 25x | as long as short |
| MEXC PHA_USDTlong | +0.0100% | 4h | 0.05019 | long leg | $1.7M | $8.6M | 50x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05028 | +0.179% | $1.5M | $20.0M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05029 | +0.199% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05030 | +0.226% | $158K | $399K | — | as long as short |
Aster PHAUSDT
BloFin PHA-USDT
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA