Funding arb · Price arb /

PHA

all PHA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.121%

Price spread now: BingX against Binance+0.009%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.009%, 7d avg +0.063%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.054% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PHAUSDT	0.04995	0.0100	pay 0.0050% / 4h	5m 47s	$5.4M	$187.8M	50x
Short	BingX PHA-USDT	0.04995	0.0100	get 0.0050% / 4h	5m 47s	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.063%: −$5.39
Slippage, 4 orders: −$59.67
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.06
Costs to cover: 0.797%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; BingX: live order book, 4 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 Binance live order book, 8 min ago	1.01 bp	20.1 bp −$20	84.0 bp −$840	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	7.00 bp	21.4 bp −$21	76.3 bp −$763	371.5 bp −$37.2K	887.0 bp −$443.5K

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	+0.0100%	4h	0.04996	+0.020%	$16K	$840K	5x	as long as short
Binance PHAUSDTlong	+0.0100%	4h	0.04995	long leg	$5.4M	$187.8M	50x
Bybit PHAUSDT	+0.0100%	4h	0.04998	+0.070%	$2.0M	$22.8M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.04988	−0.131%	$369K	$4.8M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04987	−0.151%	$1.8M	$8.6M	50x	as long as short
KuCoin PHAUSDTM	+0.0100%	4h	0.04989	−0.111%	$465K	$3.9M	30x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04993	−0.031%	$1.5M	$20.2M	50x	as long as short
BingX PHA-USDTshort	+0.0100%	4h	0.04995	+0.009%	—	$3.4M	—
Variational Omni PHA	+0.0100%	4h	0.04993	−0.034%	$157K	$399K	—	as long as short
BloFin PHA-USDT	+0.0112%	4h	0.04990	−0.091%	$354K	$647K	50x	as long as short