Funding you earn now, next payment 00:00 UTC−0.1435%/8h= −157.1% APRnext payment −$7.17 per $10,000 · paid last 24h −0.255%
Price spread now: Aster against BingX−0.119%7-day average +0.110% · 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−$137as in the Price arb table
costs, in and out, $10k−$1141.137% of the position
Funding, last 5 days (all we have)−0.695%−$70 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.119%, 7d avg +0.110%
=Together, before fees−0.708%+ Points / potential airdropAster: Stage 5 · farm board−$71 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Aster is 0.229% cheaper against BingX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.695% in total (about -48.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHA-USDT | 0.05063 | 0.0100 | pay 0.0050% / 4h | 2h 49m | — | $3.3M | — |
| Short | Aster PHAUSDT | 0.05057 | −0.1335 | pay 0.0667% / 4h | 2h 49m | $7K | $752K | 5x |
BingX PHA-USDT
Aster PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against BingX. 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
- −$301.28
- Price spread: −0.119% → +0.110%
- −$22.94
- Slippage, 4 orders
- −$95.74
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$437.96
- Costs to cover
- 1.137%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Aster: live order book, 38 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 BingX live order book, 15 min ago | 6.96 bp | 24.5 bp −$25 | 101.4 bp −$1,014 | 538.1 bp −$53.8K | doesn't fit |
| Sell Aster live order book, 38 min ago | 7.89 bp | 30.7 bp −$31 | 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 PHAUSDTshort | −0.1335% | 4h | 0.05057 | −0.119% | $7K | $752K | 5x | |
| BloFin PHA-USDT | −0.0929% | 4h | 0.05048 | −0.296% | $358K | $635K | 50x | as long as short |
| MEXC PHA_USDT | −0.0892% | 4h | 0.05073 | +0.198% | $1.8M | $8.4M | 50x | as long as short |
| Binance PHAUSDT | −0.0880% | 4h | 0.05067 | +0.079% | $5.4M | $182.4M | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0802% | 4h | 0.05058 | −0.099% | $447K | $3.9M | 30x | as long as short |
| Bitget PHAUSDT | −0.0128% | 4h | 0.05068 | +0.099% | $1.5M | $19.9M | 50x | as long as short |
| Variational Omni PHA | +0.0036% | 4h | 0.05060 | −0.069% | $169K | $389K | — | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05073 | +0.198% | $2.0M | $22.4M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05056 | −0.138% | $360K | $4.7M | 25x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.05063 | long leg | — | $3.3M | — |
BloFin PHA-USDT
MEXC PHA_USDT
Binance PHAUSDT
KuCoin PHAUSDTM
Bitget PHAUSDT
Variational Omni PHA
Bybit PHAUSDT
Gate PHA_USDT