PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0252%/8h= +27.6% APRnext payment +$1.26 per $10,000 · paid last 24h −0.231%

Price spread now: Gate against Bitget+0.020%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$489as in the Funding arb table

Net, price: spread back to 7d avg − costs−$391as in the Price arb table

costs, in and out, $10k−$3843.841% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.047%−$105 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.020%, 7d avg +0.089%

Together, before fees−1.002%−$100 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.069% cheaper against Bitget than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.089%). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −1.047%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PHAUSDT	0.05103	−0.0152	get 0.0076% / 4h	2h 54m	$1.5M	$19.9M	50x
Short	Gate PHA_USDT	0.05104	0.0100	get 0.0050% / 4h	2h 54m	$363K	$4.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $52.92
Price spread: +0.020% → +0.089%: −$6.95
Slippage, 4 orders: −$357.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$338.17
Costs to cover: 3.841%
Break-even: 51.7 days

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	8.96 bp	35.7 bp −$36	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.97 bp	135.5 bp −$135	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	−0.1389%	4h	0.05090	−0.246%	$8K	$752K	5x	as long as short
MEXC PHA_USDT	−0.0950%	4h	0.05101	−0.039%	$1.8M	$8.4M	50x	as long as short
Binance PHAUSDT	−0.0936%	4h	0.05101	−0.040%	$5.5M	$182.2M	50x	as long as short
BloFin PHA-USDT	−0.0918%	4h	0.05090	−0.255%	$366K	$640K	50x	as long as short
KuCoin PHAUSDTM	−0.0846%	4h	0.05097	−0.118%	$446K	$3.8M	30x	as long as short
Bitget PHAUSDTlong	−0.0152%	4h	0.05103	long leg	$1.5M	$19.9M	50x
Variational Omni PHA	−0.0004%	4h	0.05064	−0.755%	$158K	$380K	—	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05102	−0.020%	$2.0M	$22.3M	20x	as long as short
Gate PHA_USDTshort	+0.0100%	4h	0.05104	+0.020%	$363K	$4.7M	25x
BingX PHA-USDT	+0.0100%	4h	0.05104	+0.020%	—	$3.3M	—	as long as short