PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.07 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against BloFin+0.028%61s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$900.896% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.403%−$40 · spread now +0.028%, 7d avg −0.002%

Together, before fees−0.421%−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.030% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PHA-USDT	0.04588	0.0085	pay 0.0043% / 4h	2h 20m	$302K	$769K	50x
Short	Binance PHAUSDT	0.04589	0.0100	get 0.0050% / 4h	2h 20m	$4.7M	$215.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.028%Rate

Funding earned: $3.14
Price spread: +0.028% → −0.002%: $2.99
Slippage, 4 orders: −$67.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$83.47
Costs to cover: 0.896%
Break-even: 192.9 days

Slippage from BloFin: live order book, 29 min ago; Binance: live order book, 1 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 BloFin live order book, 29 min ago	3.28 bp	24.6 bp −$25	81.7 bp −$817	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.09 bp	20.2 bp −$20	83.9 bp −$839	636.2 bp −$63.6K	doesn't fit

PHA on 10 exchanges

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
Gate PHA_USDT	−0.0528%	4h	0.04592	+0.087%	$354K	$5.4M	25x	as long as short
KuCoin PHAUSDTM	−0.0220%	4h	0.04587	−0.022%	$499K	$5.5M	30x	as long as short
BloFin PHA-USDTlong	+0.0085%	4h	0.04588	long leg	$302K	$769K	50x
Aster PHAUSDT	+0.0100%	4h	0.04588	+0.002%	$17K	$1.3M	5x	as long as short
Binance PHAUSDTshort	+0.0100%	4h	0.04589	+0.028%	$4.7M	$215.6M	50x
Bybit PHAUSDT	+0.0100%	4h	0.04591	+0.065%	$1.7M	$25.1M	20x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04589	+0.022%	$1.5M	$9.4M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04589	+0.022%	$1.3M	$23.8M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04595	+0.153%	—	$3.8M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04592	+0.078%	$167K	$372K	—	as long as short