PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against MEXC+0.109%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.261%+$26 · spread now +0.109%, 7d avg −0.004%

Together, before fees+0.279%+$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.112% dearer against MEXC than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.004%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PHA_USDT	0.04600	0.0100	pay 0.0050% / 4h	2h 17m	$1.5M	$9.4M	50x
Short	BloFin PHA-USDT	0.04605	0.0058	get 0.0029% / 4h	2h 17m	$302K	$760K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$8.83
Price spread: +0.109% → −0.004%: $11.24
Slippage, 4 orders: −$47.88
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$61.47
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 32 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 MEXC live order book, 4 min ago	1.09 bp	6.5 bp −$6	46.0 bp −$460	99.5 bp −$9,949	251.7 bp −$125.8K
Sell BloFin live order book, 32 min ago	3.28 bp	24.0 bp −$24	68.7 bp −$687	doesn't fit	doesn't fit

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	−0.0530%	4h	0.04603	+0.065%	$357K	$5.5M	25x	as long as short
KuCoin PHAUSDTM	−0.0224%	4h	0.04594	−0.130%	$500K	$5.5M	30x	as long as short
BloFin PHA-USDTshort	+0.0058%	4h	0.04605	+0.109%	$302K	$760K	50x
Aster PHAUSDT	+0.0100%	4h	0.04603	+0.064%	$17K	$1.3M	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.04600	0.000%	$4.7M	$213.8M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04603	+0.065%	$1.7M	$24.9M	20x	as long as short
MEXC PHA_USDTlong	+0.0100%	4h	0.04600	long leg	$1.5M	$9.4M	50x
Bitget PHAUSDT	+0.0100%	4h	0.04602	+0.043%	$1.4M	$23.7M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04602	+0.043%	—	$3.8M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04592	−0.184%	$167K	$372K	—	as long as short