PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.099%

Price spread now: Bitget against BloFin+0.220%115s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as 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−$1261.256% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.481%−$48 · spread now +0.220%, 7d avg −0.043%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.262% dearer against BloFin than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 115 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	0.05466	0.0072	pay 0.0036% / 4h	3h 57m	$425K	$800K	50x
Short	Bitget PHAUSDT	0.05478	0.0100	get 0.0050% / 4h	3h 57m	$1.7M	$21.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.220%Rate

Funding earned: $5.91
Price spread: +0.220% → −0.043%: $26.24
Slippage, 4 orders: −$101.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.41
Costs to cover: 1.256%
Break-even: 117.6 days

Slippage from BloFin: live order book, 39 min ago; Bitget: 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, 39 min ago	1.85 bp	17.5 bp −$17	109.2 bp −$1,092	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.48 bp	41.3 bp −$41	121.6 bp −$1,216	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 PHAUSDTM	−0.0190%	4h	0.05502	+0.659%	$602K	$4.6M	30x	as long as short
Aster PHAUSDT	+0.0039%	4h	0.05510	+0.805%	$15K	$1.1M	5x	as long as short
BloFin PHA-USDTlong	+0.0072%	4h	0.05466	long leg	$425K	$800K	50x
Binance PHAUSDT	+0.0100%	4h	0.05489	+0.414%	$6.6M	$207.6M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05480	+0.256%	$2.3M	$24.7M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05505	+0.714%	$427K	$5.2M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.05507	+0.750%	$2.0M	$9.0M	50x	as long as short
Bitget PHAUSDTshort	+0.0100%	4h	0.05478	+0.220%	$1.7M	$21.9M	50x
BingX PHA-USDT	+0.0100%	4h	0.05495	+0.531%	—	$3.6M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.05480	+0.257%	$197K	$429K	—	as long as short