PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0965%/8h= +105.7% APRnext payment +$4.83 per $10,000 · paid last 24h −0.125%

Price spread now: Gate against Binance−0.138%7-day average +0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$432as in the Funding arb table

Net, price: spread back to 7d avg − costs−$359as in the Price arb table

costs, in and out, $10k−$3383.377% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.941%−$94 on $10k

Price spread, last 4 days (all we have)+0.486%+$49 · spread now −0.138%, 7d avg +0.076%

Together, before fees−0.454%−$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.214% cheaper against Binance than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of +0.076%). If the spread goes back, that is −$21 on $10k: about 18 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.941%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PHAUSDT	0.05073	−0.0865	get 0.0433% / 4h	2h 48m	$5.4M	$182.4M	50x
Short	Gate PHA_USDT	0.05066	0.0100	get 0.0050% / 4h	2h 48m	$360K	$4.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.138%Rate

Funding earned: $202.69
Price spread: −0.138% → +0.076%: −$21.37
Slippage, 4 orders: −$312.75
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$156.43
Costs to cover: 3.377%
Break-even: 12.4 days

Slippage from Binance: live order book, 10 min ago; Gate: 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, 10 min ago	1.99 bp	23.9 bp −$24	123.3 bp −$1,233	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.91 bp	126.6 bp −$127	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
Aster PHAUSDT	−0.1318%	4h	0.05066	−0.138%	$7K	$752K	5x	as long as short
MEXC PHA_USDT	−0.0892%	4h	0.05071	−0.039%	$1.8M	$8.4M	50x	as long as short
BloFin PHA-USDT	−0.0888%	4h	0.05065	−0.158%	$359K	$638K	50x	as long as short
Binance PHAUSDTlong	−0.0865%	4h	0.05073	long leg	$5.4M	$182.4M	50x
KuCoin PHAUSDTM	−0.0802%	4h	0.05063	−0.197%	$444K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0128%	4h	0.05072	−0.020%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHA	+0.0036%	4h	0.05060	−0.266%	$169K	$389K	—	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05075	+0.039%	$2.0M	$22.4M	20x	as long as short
Gate PHA_USDTshort	+0.0100%	4h	0.05066	−0.138%	$360K	$4.7M	25x
BingX PHA-USDT	+0.0100%	4h	0.05065	−0.158%	—	$3.3M	—	as long as short