Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Binance−0.235%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.947%+$95 · spread now −0.235%, 7d avg +0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.240% cheaper against Binance than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAUSDT | 0.04612 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $4.7M | $224.7M | 50x |
| Short | BloFin PHA-USDT | 0.04601 | 0.0104 | get 0.0052% / 4h | 3h 12m | $298K | $800K | 50x |
Binance PHAUSDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $0.81
- Price spread: −0.235% → +0.004%
- −$23.97
- Slippage, 4 orders
- −$62.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.5
- Costs to cover
- 0.843%
- Break-even
- 941.3 days
Slippage from Binance: live order book, 16 min ago; BloFin: live order book, 64 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, 16 min ago | 1.10 bp | 23.0 bp −$23 | 124.7 bp −$1,247 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 64 min ago | 3.28 bp | 18.5 bp −$18 | 61.8 bp −$618 | 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 PHAUSDTM | −0.0110% | 4h | 0.04609 | −0.062% | $502K | $5.6M | 30x | as long as short |
| Gate PHA_USDT | −0.0088% | 4h | 0.04609 | −0.062% | $360K | $5.7M | 25x | as long as short |
| Aster PHAUSDT | +0.0100% | 4h | 0.04612 | −0.003% | $17K | $1.3M | 5x | as long as short |
| Binance PHAUSDTlong | +0.0100% | 4h | 0.04612 | long leg | $4.7M | $224.7M | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04613 | +0.025% | $1.7M | $26.5M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04612 | +0.003% | $1.5M | $9.5M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04604 | −0.170% | $1.4M | $24.6M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04612 | +0.003% | — | $3.8M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04600 | −0.261% | $167K | $411K | — | as long as short |
| BloFin PHA-USDTshort | +0.0104% | 4h | 0.04601 | −0.235% | $298K | $800K | 50x |
KuCoin PHAUSDTM
Gate PHA_USDT
Aster PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA