Funding you earn now, next payment 12:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.093%
Price spread now: BloFin against Aster+0.048%7-day average −0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$2232.231% of the position
Funding, last 6 days (all we have)+0.559%+$56 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.048%, 7d avg −0.152%
=Together, before fees+0.565%+ Points / potential airdropAster: Stage 5 · farm board+$57 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.201% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.152%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PHAUSDT | 0.04536 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $16K | $1.3M | 5x |
| Short | BloFin PHA-USDT | 0.04538 | 0.0145 | get 0.0073% / 4h | 3h 58m | $304K | $782K | 50x |
Aster PHAUSDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Aster. 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
- $9.53
- Price spread: +0.048% → −0.152%
- $20.08
- Slippage, 4 orders
- −$203.09
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$193.48
- Costs to cover
- 2.231%
- Break-even
- 149.2 days
Slippage from Aster: live order book, 4 min ago; BloFin: live order book, 18 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 Aster live order book, 4 min ago | 13.23 bp | 64.8 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 3.28 bp | 18.5 bp −$18 | 61.8 bp −$618 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PHAUSDTM | −0.0030% | 4h | 0.04530 | −0.128% | $505K | $5.6M | 30x | as long as short |
| Gate PHA_USDT | +0.0006% | 4h | 0.04536 | +0.004% | $355K | $5.7M | 25x | as long as short |
| Aster PHAUSDTlong | +0.0100% | 4h | 0.04536 | long leg | $16K | $1.3M | 5x | |
| Binance PHAUSDT | +0.0100% | 4h | 0.04531 | −0.111% | $4.7M | $225.1M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04536 | +0.004% | $1.7M | $26.6M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04530 | −0.128% | $1.5M | $9.5M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04532 | −0.084% | $1.4M | $24.6M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04534 | −0.040% | — | $3.9M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04538 | +0.046% | $165K | $421K | — | as long as short |
| BloFin PHA-USDTshort | +0.0145% | 4h | 0.04538 | +0.048% | $304K | $782K | 50x |
KuCoin PHAUSDTM
Gate PHA_USDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA