PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.59 per $10,000 · paid last 24h −0.079%

Price spread now: Gate against KuCoin+0.108%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$610as in the Funding arb table

Net, price: spread back to 7d avg − costs−$499as in the Price arb table

costs, in and out, $10k−$5075.068% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.032%−$103 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.108%, 7d avg +0.034%

Together, before fees−1.038%−$104 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −1.032%, 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	0.04622	−0.0018	get 0.0009% / 4h	2h 11m	$527K	$5.3M	30x
Short	Gate PHA_USDT	0.04627	0.0100	get 0.0050% / 4h	2h 11m	$366K	$5.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: $24.78
Price spread: +0.108% → +0.034%: $7.45
Slippage, 4 orders: −$479.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$474.52
Costs to cover: 5.068%
Break-even: 141.0 days

Slippage from KuCoin: live order book, 1 min ago; Gate: 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 KuCoin live order book, 1 min ago	11.91 bp	54.4 bp −$54	1046.4 bp −$10.5K	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	10.78 bp	120.4 bp −$120	doesn't fit	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	−0.0018%	4h	0.04622	long leg	$527K	$5.3M	30x
Aster PHAUSDT	+0.0040%	4h	0.04624	+0.042%	$14K	$1.2M	5x	as long as short
BloFin PHA-USDT	+0.0084%	4h	0.04620	−0.043%	$346K	$782K	50x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.04621	−0.022%	$5.1M	$220.5M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04631	+0.195%	$1.9M	$26.1M	20x	as long as short
Gate PHA_USDTshort	+0.0100%	4h	0.04627	+0.108%	$366K	$5.6M	25x
MEXC PHA_USDT	+0.0100%	4h	0.04620	−0.043%	$1.6M	$9.4M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04631	+0.195%	$1.4M	$23.8M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04622	0.000%	—	$3.8M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04553	−1.498%	$163K	$429K	—	as long as short