PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.065%

Price spread now: KuCoin against Bitget−0.195%7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2382.379% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.195%, 7d avg +0.118%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.312% cheaper against Bitget than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.118%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PHAUSDT	0.04619	0.0100	pay 0.0050% / 4h	2h 14m	$1.4M	$23.8M	50x
Short	KuCoin PHAUSDTM	0.04610	−0.0028	pay 0.0014% / 4h	2h 14m	$628K	$5.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.195%Rate

Funding earned: −$26.88
Price spread: −0.195% → +0.118%: −$31.25
Slippage, 4 orders: −$213.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$296.03
Costs to cover: 2.379%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	10.03 bp	47.7 bp −$48	279.5 bp −$2,795	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	11.19 bp	71.7 bp −$72	480.5 bp −$4,805	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
KuCoin PHAUSDTMshort	−0.0028%	4h	0.04610	−0.195%	$628K	$5.2M	30x
Aster PHAUSDT	+0.0031%	4h	0.04604	−0.315%	$11K	$1.2M	5x	as long as short
BloFin PHA-USDT	+0.0075%	4h	0.04559	−1.299%	$380K	$766K	50x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.04609	−0.223%	$5.1M	$220.3M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04614	−0.108%	$1.9M	$26.1M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.04611	−0.173%	$363K	$5.6M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04609	−0.216%	$1.6M	$9.4M	50x	as long as short
Bitget PHAUSDTlong	+0.0100%	4h	0.04619	long leg	$1.4M	$23.8M	50x
BingX PHA-USDT	+0.0100%	4h	0.04619	0.000%	—	$3.8M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04553	−1.434%	$163K	$429K	—	as long as short