PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0580%/8h= +63.5% APRnext payment +$2.90 per $10,000 · paid last 24h −0.046%

Price spread now: Bybit against KuCoin+0.099%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2622.621% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.516%−$52 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.099%, 7d avg +0.044%

Together, before fees−0.631%−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bybit is 0.055% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.516%, 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	0.05033	−0.0480	get 0.0240% / 4h	2h 11m	$426K	$3.9M	30x
Short	Bybit PHAUSDT	0.05038	0.0100	get 0.0050% / 4h	2h 11m	$2.0M	$22.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.099%Rate

Funding earned: $121.8
Price spread: +0.099% → +0.044%: $5.51
Slippage, 4 orders: −$239.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$134.79
Costs to cover: 2.621%
Break-even: 14.7 days

Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 7 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, 6 min ago	10.02 bp	39.0 bp −$39	598.2 bp −$5,982	doesn't fit	doesn't fit
Sell Bybit live order book, 7 min ago	4.02 bp	90.1 bp −$90	249.0 bp −$2,490	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
Aster PHAUSDT	−0.0900%	4h	0.05033	−0.009%	$10K	$759K	5x	as long as short
BloFin PHA-USDT	−0.0552%	4h	0.05017	−0.318%	$355K	$635K	50x	as long as short
Binance PHAUSDT	−0.0523%	4h	0.05035	+0.040%	$5.4M	$183.3M	50x	as long as short
MEXC PHA_USDT	−0.0522%	4h	0.05038	+0.099%	$1.8M	$8.5M	50x	as long as short
KuCoin PHAUSDTMlong	−0.0480%	4h	0.05033	long leg	$426K	$3.9M	30x
Bitget PHAUSDT	+0.0034%	4h	0.05035	+0.040%	$1.5M	$19.9M	50x	as long as short
Bybit PHAUSDTshort	+0.0100%	4h	0.05038	+0.099%	$2.0M	$22.4M	20x
Gate PHA_USDT	+0.0100%	4h	0.05034	+0.020%	$376K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05033	0.000%	—	$3.3M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04998	−0.700%	$157K	$399K	—	as long as short