Funding you earn now, next payment 04:00 UTC−0.0594%/8h= −65.0% APRnext payment −$2.97 per $10,000 · paid last 24h −0.126%
Price spread now: Gate against MEXC+0.180%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2832.829% of the position
Funding, last 7 days−0.941%−$94 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.180%, 7d avg +0.070%
=The price spread pays, funding is against you. Gate is 0.110% dearer against MEXC than usual: you sell high and buy low (spread +0.180% now, against its 7-day average of +0.070%): +$11 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHA_USDT | 0.05010 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $1.8M | $8.6M | 50x |
| Short | Gate PHA_USDT | 0.05019 | −0.0494 | pay 0.0247% / 4h | 3h 58m | $371K | $4.8M | 25x |
MEXC PHA_USDT
Gate PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. 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
- −$124.74
- Price spread: +0.180% → +0.070%
- $10.99
- Slippage, 4 orders
- −$263.88
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$396.63
- Costs to cover
- 2.829%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 5 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 | 4.02 bp | 11.0 bp −$11 | 50.1 bp −$501 | 107.9 bp −$10.8K | 263.4 bp −$131.7K |
| Sell Gate live order book, 5 min ago | 7.02 bp | 106.2 bp −$106 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PHA_USDTshort | −0.0494% | 4h | 0.05019 | +0.180% | $371K | $4.8M | 25x | |
| BloFin PHA-USDT | +0.0042% | 4h | 0.05013 | +0.060% | $355K | $651K | 50x | as long as short |
| Aster PHAUSDT | +0.0100% | 4h | 0.05019 | +0.185% | $15K | $843K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05010 | +0.009% | $5.5M | $188.1M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05023 | +0.259% | $2.0M | $22.9M | 20x | as long as short |
| MEXC PHA_USDTlong | +0.0100% | 4h | 0.05010 | long leg | $1.8M | $8.6M | 50x | |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05019 | +0.180% | $472K | $3.9M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05020 | +0.200% | $1.5M | $20.2M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05031 | +0.419% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04986 | −0.473% | $156K | $399K | — | as long as short |
BloFin PHA-USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA