Funding you earn now, next payment 04:00 UTC+0.0208%/8h= +22.8% APRnext payment +$1.04 per $10,000 · paid last 24h +0.051%
Price spread now: Gate against Aster−0.020%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$379as in the Price arb table
costs, in and out, $10k−$3853.853% of the position
Funding, last 5 days (all we have)−0.401%−$40 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.020%, 7d avg −0.081%
=Together, before fees−0.438%+ Points / potential airdropAster: Stage 5 · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.061% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.081%. Mind the row above: over the last 5 days funding on this pair cost −0.401%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PHAUSDT | 0.05069 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $17K | $888K | 5x |
| Short | Gate PHA_USDT | 0.05068 | 0.0308 | get 0.0154% / 4h | 3h 42m | $369K | $4.8M | 25x |
Aster PHAUSDT
Gate PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $43.68
- Price spread: −0.020% → −0.081%
- $6.11
- Slippage, 4 orders
- −$362.32
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$335.52
- Costs to cover
- 3.853%
- Break-even
- 60.8 days
Slippage from Aster: live order book, 30 min ago; Gate: 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 Aster live order book, 30 min ago | 9.10 bp | 35.1 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 5.91 bp | 145.3 bp −$145 | doesn't fit | 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 | +0.0058% | 4h | 0.05065 | −0.079% | $375K | $659K | 50x | as long as short |
| Aster PHAUSDTlong | +0.0100% | 4h | 0.05069 | long leg | $17K | $888K | 5x | |
| Binance PHAUSDT | +0.0100% | 4h | 0.05047 | −0.430% | $5.7M | $189.5M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05044 | −0.494% | $2.1M | $23.0M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05060 | −0.178% | $1.8M | $8.6M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05062 | −0.139% | $483K | $4.0M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05046 | −0.454% | $1.5M | $20.3M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05072 | +0.059% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05027 | −0.835% | $156K | $399K | — | as long as short |
| Gate PHA_USDTshort | +0.0308% | 4h | 0.05068 | −0.020% | $369K | $4.8M | 25x |
BloFin PHA-USDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA