Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.135%
Price spread now: MEXC against Aster+0.116%7-day average −0.155% · 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−$272as in the Price arb table
costs, in and out, $10k−$2992.992% of the position
Funding, last 6 days (all we have)+0.548%+$55 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.116%, 7d avg −0.155%
=Together, before fees+0.414%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.271% dearer against Aster than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.155%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PHAUSDT | 0.05388 | 0.0048 | pay 0.0024% / 4h | 3h 54m | $13K | $1.1M | 5x |
| Short | MEXC PHA_USDT | 0.05394 | 0.0100 | get 0.0050% / 4h | 3h 54m | $2.0M | $9.0M | 50x |
Aster PHAUSDT
MEXC PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $10.88
- Price spread: +0.116% → −0.155%
- $27.1
- Slippage, 4 orders
- −$287.16
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$261.18
- Costs to cover
- 2.992%
- Break-even
- 175.1 days
Slippage from Aster: live order book, 3 min ago; MEXC: 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 Aster live order book, 3 min ago | 19.01 bp | 169.2 bp −$169 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.73 bp | 10.7 bp −$11 | 56.6 bp −$566 | 98.1 bp −$9,809 | 269.0 bp −$134.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PHA_USDT | −0.0360% | 4h | 0.05399 | +0.208% | $417K | $5.2M | 25x | as long as short |
| KuCoin PHAUSDTM | −0.0202% | 4h | 0.05388 | +0.004% | $589K | $4.6M | 30x | as long as short |
| Aster PHAUSDTlong | +0.0048% | 4h | 0.05388 | long leg | $13K | $1.1M | 5x | |
| BloFin PHA-USDT | +0.0090% | 4h | 0.05381 | −0.126% | $423K | $789K | 50x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05397 | +0.170% | $6.5M | $208.1M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05401 | +0.246% | $2.3M | $24.8M | 20x | as long as short |
| MEXC PHA_USDTshort | +0.0100% | 4h | 0.05394 | +0.116% | $2.0M | $9.0M | 50x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05390 | +0.041% | $1.7M | $22.0M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05397 | +0.171% | — | $3.6M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05491 | +1.917% | $197K | $429K | — | as long as short |
Gate PHA_USDT
KuCoin PHAUSDTM
BloFin PHA-USDT
Binance PHAUSDT
Bybit PHAUSDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA