Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.38 per $10,000 · paid last 24h −0.041%
Price spread now: Binance against KuCoin−0.133%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1521.518% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.222%+$22 · spread now −0.133%, 7d avg −0.076%
=Funding pays, the price is against you. Binance is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.076%). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PHAUSDTM | 0.04515 | 0.0024 | pay 0.0012% / 4h | 1h 04m | $527K | $5.6M | 30x |
| Short | Binance PHAUSDT | 0.04509 | 0.0100 | get 0.0050% / 4h | 1h 04m | $4.7M | $224.5M | 50x |
KuCoin PHAUSDTM
Binance PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $15.96
- Price spread: −0.133% → −0.076%
- −$5.66
- Slippage, 4 orders
- −$129.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$141.54
- Costs to cover
- 1.518%
- Break-even
- 69.1 days
Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 9 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 KuCoin live order book, 3 min ago | 14.30 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.10 bp | 15.9 bp −$16 | 103.9 bp −$1,039 | 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 PHAUSDTMlong | +0.0024% | 4h | 0.04515 | long leg | $527K | $5.6M | 30x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.04512 | −0.076% | $11K | $1.3M | 5x | as long as short |
| Binance PHAUSDTshort | +0.0100% | 4h | 0.04509 | −0.133% | $4.7M | $224.5M | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04512 | −0.066% | $1.8M | $26.7M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.04519 | +0.089% | $358K | $5.8M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04510 | −0.111% | $1.6M | $9.5M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04513 | −0.044% | $1.5M | $24.5M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04510 | −0.111% | — | $3.9M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04518 | +0.071% | $165K | $434K | — | as long as short |
| BloFin PHA-USDT | +0.0128% | 4h | 0.04515 | 0.000% | $310K | $778K | 50x | as long as short |
Aster PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA
BloFin PHA-USDT