PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against BloFin−1.032%109s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as 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−$590.590% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.817%+$82 · spread now −1.032%, 7d avg −0.017%

Together, before fees+0.800%+$80 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 1.015% cheaper against BloFin than usual: you would sell low and buy high, −$102 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 109 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	0.04941	0.0098	pay 0.0049% / 4h	21m 29s	$365K	$641K	50x
Short	MEXC PHA_USDT	0.04890	0.0100	get 0.0050% / 4h	21m 29s	$1.7M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.032%Rate

Funding earned: $0.51
Price spread: −1.032% → −0.017%: −$101.52
Slippage, 4 orders: −$43.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$160.05
Costs to cover: 0.590%
Break-even: 2193.8 days

Slippage from BloFin: live order book, 55 min ago; MEXC: 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, 55 min ago	3.02 bp	20.9 bp −$21	66.8 bp −$668	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.04 bp	5.8 bp −$6	24.2 bp −$242	99.6 bp −$9,963	268.8 bp −$134.4K

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
BloFin PHA-USDTlong	+0.0098%	4h	0.04941	long leg	$365K	$641K	50x
Aster PHAUSDT	+0.0100%	4h	0.04889	−1.060%	$11K	$836K	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.04893	−0.969%	$5.4M	$187.2M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04895	−0.931%	$1.9M	$22.8M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.04899	−0.850%	$380K	$4.8M	25x	as long as short
MEXC PHA_USDTshort	+0.0100%	4h	0.04890	−1.032%	$1.7M	$8.6M	50x
KuCoin PHAUSDTM	+0.0100%	4h	0.04895	−0.931%	$454K	$3.9M	30x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04894	−0.951%	$1.4M	$20.2M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04903	−0.769%	—	$3.4M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04957	+0.322%	$157K	$399K	—	as long as short