Funding you earn now, next payment 00:00 UTC+0.0758%/8h= +82.9% APRnext payment +$3.79 per $10,000 · paid last 24h +0.106%
Price spread now: Bitget against Binance−0.027%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$960.963% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)+0.311%+$31 · spread now −0.027%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAUSDT | 0.05053 | −0.0894 | get 0.0447% / 4h | 2h 50m | $5.4M | $182.4M | 50x |
| Short | Bitget PHAUSDT | 0.05052 | −0.0136 | pay 0.0068% / 4h | 2h 50m | $1.5M | $19.9M | 50x |
Binance PHAUSDT
Bitget PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $159.08
- Price spread: −0.027% → −0.013%
- −$1.41
- Slippage, 4 orders
- −$74.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $61.39
- Costs to cover
- 0.963%
- Break-even
- 4.3 days
Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 3 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 | 1.99 bp | 23.9 bp −$24 | 123.3 bp −$1,233 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 7.86 bp | 24.1 bp −$24 | 90.4 bp −$904 | 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 | −0.1346% | 4h | 0.05057 | +0.074% | $7K | $752K | 5x | as long as short |
| BloFin PHA-USDT | −0.0929% | 4h | 0.05048 | −0.106% | $358K | $635K | 50x | as long as short |
| Binance PHAUSDTlong | −0.0894% | 4h | 0.05053 | long leg | $5.4M | $182.4M | 50x | |
| MEXC PHA_USDT | −0.0892% | 4h | 0.05053 | −0.007% | $1.8M | $8.4M | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0820% | 4h | 0.05050 | −0.067% | $446K | $3.9M | 30x | as long as short |
| Bitget PHAUSDTshort | −0.0136% | 4h | 0.05052 | −0.027% | $1.5M | $19.9M | 50x | |
| Variational Omni PHA | −0.0004% | 4h | 0.05064 | +0.220% | $158K | $380K | — | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05057 | +0.072% | $2.0M | $22.3M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05052 | −0.027% | $359K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05055 | +0.032% | — | $3.3M | — | as long as short |
Aster PHAUSDT
BloFin PHA-USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Variational Omni PHA
Bybit PHAUSDT
Gate PHA_USDT
BingX PHA-USDT