Funding arb · Price arb /

PHA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.057%

Price spread now: KuCoin against Binance+0.029%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1291.294% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.029%, 7d avg +0.085%

Together, before fees+0.238%+$24 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: KuCoin is 0.056% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PHAUSDT	0.04995	0.0100	pay 0.0050% / 4h	3h 32m	$5.7M	$189.9M	50x
Short	KuCoin PHAUSDTM	0.04996	0.0100	get 0.0050% / 4h	3h 32m	$464K	$4.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → +0.085%: −$5.55
Slippage, 4 orders: −$107.44
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$134.99
Costs to cover: 1.294%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 5 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, 11 min ago	0.99 bp	25.8 bp −$26	132.8 bp −$1,328	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	8.97 bp	39.5 bp −$40	182.6 bp −$1,826	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	+0.0087%	4h	0.05015	+0.410%	$375K	$667K	50x	as long as short
Aster PHAUSDT	+0.0100%	4h	0.05002	+0.155%	$17K	$890K	5x	as long as short
Binance PHAUSDTlong	+0.0100%	4h	0.04995	long leg	$5.7M	$189.9M	50x
Gate PHA_USDT	+0.0100%	4h	0.04999	+0.089%	$364K	$4.8M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04991	−0.071%	$1.8M	$8.7M	50x	as long as short
KuCoin PHAUSDTMshort	+0.0100%	4h	0.04996	+0.029%	$464K	$4.0M	30x
Bitget PHAUSDT	+0.0100%	4h	0.04991	−0.071%	$1.5M	$20.3M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04999	+0.089%	—	$3.4M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.05013	+0.364%	$157K	$399K	—	as long as short
Bybit PHAUSDT	+0.0528%	4h	0.04996	+0.029%	$2.1M	$23.1M	20x	as long as short