Funding you earn now, next payment 12:00 UTC+0.0328%/8h= +35.9% APRnext payment +$1.64 per $10,000 · paid last 24h +0.086%
Price spread now: BingX against KuCoin+0.196%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1341.343% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days−0.077%−$8 · spread now +0.196%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.196% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of 0.000%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.64 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PHAUSDTM | 0.04595 | −0.0228 | get 0.0114% / 4h | 2h 17m | $500K | $5.5M | 30x |
| Short | BingX PHA-USDT | 0.04604 | 0.0100 | get 0.0050% / 4h | 2h 17m | — | $3.8M | — |
KuCoin PHAUSDTM
BingX PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $68.88
- Price spread: +0.196% → 0.000%
- $19.56
- Slippage, 4 orders
- −$112.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$45.89
- Costs to cover
- 1.343%
- Break-even
- 11.7 days
Slippage from KuCoin: live order book, 3 min ago; BingX: 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 KuCoin live order book, 3 min ago | 10.91 bp | 49.5 bp −$50 | 814.6 bp −$8,146 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.36 bp | 20.8 bp −$21 | 79.2 bp −$792 | 466.7 bp −$46.7K | 950.2 bp −$475.1K |
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 | −0.0534% | 4h | 0.04600 | +0.109% | $357K | $5.5M | 25x | as long as short |
| KuCoin PHAUSDTMlong | −0.0228% | 4h | 0.04595 | long leg | $500K | $5.5M | 30x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.04602 | +0.161% | $17K | $1.3M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04599 | +0.096% | $4.7M | $214.2M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04609 | +0.305% | $1.7M | $24.9M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04598 | +0.065% | $1.5M | $9.4M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04600 | +0.109% | $1.4M | $23.7M | 50x | as long as short |
| BingX PHA-USDTshort | +0.0100% | 4h | 0.04604 | +0.196% | — | $3.8M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.04592 | −0.075% | $167K | $372K | — | as long as short |
| BloFin PHA-USDT | +0.0147% | 4h | 0.04584 | −0.239% | $301K | $759K | 50x | as long as short |
Gate PHA_USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
Bitget PHAUSDT
Variational Omni PHA
BloFin PHA-USDT