Funding arb · Price arb /

PHA

all PHA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.125%

Price spread now: Gate against Binance+0.041%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$402as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3083.078% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.941%−$94 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now +0.041%, 7d avg +0.077%

Together, before fees−0.839%−$84 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.036% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PHAUSDT	0.05023	0.0100	pay 0.0050% / 4h	55m 09s	$5.3M	$184.8M	50x
Short	Gate PHA_USDT	0.05025	0.0100	get 0.0050% / 4h	55m 09s	$379K	$4.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.077%: −$3.61
Slippage, 4 orders: −$282.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$311.41
Costs to cover: 3.078%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Gate: 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 Binance live order book, 3 min ago	0.99 bp	20.6 bp −$21	95.7 bp −$957	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.97 bp	111.2 bp −$111	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
Aster PHAUSDT	−0.0070%	4h	0.05022	−0.025%	$8K	$771K	5x	as long as short
BloFin PHA-USDT	+0.0042%	4h	0.05023	+0.001%	$352K	$648K	50x	as long as short
KuCoin PHAUSDTM	+0.0062%	4h	0.05022	−0.018%	$425K	$3.9M	30x	as long as short
Binance PHAUSDTlong	+0.0100%	4h	0.05023	long leg	$5.3M	$184.8M	50x
Bybit PHAUSDT	+0.0100%	4h	0.05027	+0.081%	$2.0M	$22.6M	20x	as long as short
Gate PHA_USDTshort	+0.0100%	4h	0.05025	+0.041%	$379K	$4.7M	25x
MEXC PHA_USDT	+0.0100%	4h	0.05021	−0.038%	$1.7M	$8.6M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.05023	+0.001%	$1.5M	$20.0M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05024	+0.021%	—	$3.4M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.05030	+0.147%	$158K	$399K	—	as long as short