Funding you earn now, next payment 00:00 UTC−0.0216%/8h= −23.7% APRnext payment −$1.08 per $10,000 · paid last 24h −0.065%
Price spread now: KuCoin against BingX−0.060%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.060%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.075% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.08 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 | 0.04963 | 0.0100 | pay 0.0050% / 4h | 1h 18m | — | $3.4M | — |
| Short | KuCoin PHAUSDTM | 0.04960 | −0.0116 | pay 0.0058% / 4h | 1h 18m | $418K | $3.9M | 30x |
BingX PHA-USDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$45.36
- Price spread: −0.060% → +0.014%
- −$7.49
- Slippage, 4 orders
- −$105.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$179.97
- Costs to cover
- 1.271%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 4 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, 6 min ago | 6.02 bp | 26.2 bp −$26 | 88.8 bp −$888 | 558.3 bp −$55.8K | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.99 bp | 42.4 bp −$42 | 183.3 bp −$1,833 | 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 | −0.0325% | 4h | 0.04962 | −0.023% | $7K | $767K | 5x | as long as short |
| KuCoin PHAUSDTMshort | −0.0116% | 4h | 0.04960 | −0.060% | $418K | $3.9M | 30x | |
| BloFin PHA-USDT | −0.0054% | 4h | 0.04956 | −0.141% | $348K | $638K | 50x | as long as short |
| MEXC PHA_USDT | −0.0050% | 4h | 0.04957 | −0.121% | $1.7M | $8.5M | 50x | as long as short |
| Binance PHAUSDT | −0.0039% | 4h | 0.04959 | −0.085% | $5.3M | $184.3M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04962 | −0.020% | $2.0M | $22.6M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.04965 | +0.040% | $376K | $4.7M | 25x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04960 | −0.060% | $1.5M | $20.0M | 50x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.04963 | long leg | — | $3.4M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.04996 | +0.662% | $157K | $399K | — | as long as short |
Aster PHAUSDT
BloFin PHA-USDT
MEXC PHA_USDT
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
Bitget PHAUSDT
Variational Omni PHA