Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.120%
Price spread now: MEXC against BingX−0.132%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 7 days+0.120%+$12 · spread now −0.132%, 7d avg −0.068%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.064% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHA-USDT | 0.05306 | 0.0100 | pay 0.0050% / 4h | 3h 00m | — | $3.7M | — |
| Short | MEXC PHA_USDT | 0.05299 | 0.0100 | get 0.0050% / 4h | 3h 00m | $1.8M | $9.1M | 50x |
BingX PHA-USDT
MEXC PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: −0.132% → −0.068%
- −$6.41
- Slippage, 4 orders
- −$57.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$77.67
- Costs to cover
- 0.713%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 2 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, 4 min ago | 6.68 bp | 26.6 bp −$27 | 144.5 bp −$1,445 | 629.4 bp −$62.9K | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.90 bp | 8.7 bp −$9 | 40.6 bp −$406 | 106.4 bp −$10.6K | 290.5 bp −$145.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PHAUSDTM | −0.0144% | 4h | 0.05302 | −0.075% | $622K | $4.7M | 30x | as long as short |
| Gate PHA_USDT | −0.0140% | 4h | 0.05302 | −0.075% | $405K | $5.3M | 25x | as long as short |
| Aster PHAUSDT | +0.0022% | 4h | 0.05300 | −0.114% | $9K | $1.1M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05299 | −0.127% | $6.2M | $212.4M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05304 | −0.038% | $2.2M | $25.1M | 20x | as long as short |
| MEXC PHA_USDTshort | +0.0100% | 4h | 0.05299 | −0.132% | $1.8M | $9.1M | 50x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05303 | −0.057% | $1.6M | $22.7M | 50x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.05306 | long leg | — | $3.7M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.05306 | +0.001% | $190K | $429K | — | as long as short |
| BloFin PHA-USDT | +0.0110% | 4h | 0.05300 | −0.113% | $403K | $801K | 50x | as long as short |
KuCoin PHAUSDTM
Gate PHA_USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
Bitget PHAUSDT
Variational Omni PHA
BloFin PHA-USDT