PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.52 per $10,000 · paid last 24h +0.036%

Price spread now: KuCoin against BloFin+0.450%50s7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as 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−$1851.850% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 4 days (all we have)−0.422%−$42 · spread now +0.450%, 7d avg +0.074%

Together, before fees−0.347%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.377% dearer against BloFin than usual: you sell high and buy low (spread +0.450% now, against its 7-day average of +0.074%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you. The two prices were read 50 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	0.04665	0.0097	pay 0.0049% / 4h	1h 48m	$332K	$795K	50x
Short	KuCoin PHAUSDTM	0.04686	−0.0006	pay 0.0003% / 4h	1h 48m	$480K	$5.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.450%Rate

Funding earned: −$21.66
Price spread: +0.450% → +0.074%: $37.65
Slippage, 4 orders: −$161.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$169.03
Costs to cover: 1.850%
Break-even: never at this rate

Slippage from BloFin: live order book, 38 min ago; KuCoin: live order book, 10 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, 38 min ago	11.69 bp	35.4 bp −$35	122.7 bp −$1,227	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	11.69 bp	46.7 bp −$47	216.5 bp −$2,165	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	−0.0006%	4h	0.04686	+0.450%	$480K	$5.3M	30x
Aster PHAUSDT	+0.0058%	4h	0.04693	+0.593%	$13K	$1.2M	5x	as long as short
BloFin PHA-USDTlong	+0.0097%	4h	0.04665	long leg	$332K	$795K	50x
Binance PHAUSDT	+0.0100%	4h	0.04693	+0.610%	$5.1M	$221.8M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04702	+0.793%	$1.9M	$26.3M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.04696	+0.665%	$374K	$5.6M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04695	+0.643%	$1.7M	$9.4M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04692	+0.579%	$1.3M	$24.0M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04693	+0.600%	—	$3.8M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04705	+0.862%	$172K	$434K	—	as long as short