Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.057%
Price spread now: KuCoin against Binance+0.060%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1251.249% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now +0.060%, 7d avg +0.093%
=Funding pays, the price is against you. KuCoin is 0.033% cheaper against Binance than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.093%). If the spread goes back, that is −$3 on $10k: about 3.8 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAUSDT | 0.04992 | −0.0497 | get 0.0249% / 4h | 2h 09m | $5.3M | $183.4M | 50x |
| Short | KuCoin PHAUSDTM | 0.04995 | −0.0468 | pay 0.0234% / 4h | 2h 09m | $422K | $3.9M | 30x |
Binance PHAUSDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $6.1
- Price spread: +0.060% → +0.093%
- −$3.28
- Slippage, 4 orders
- −$102.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$122.08
- Costs to cover
- 1.249%
- Break-even
- 147.0 days
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 8 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, 4 min ago | 1.99 bp | 19.5 bp −$19 | 104.3 bp −$1,043 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 10.02 bp | 42.3 bp −$42 | 216.1 bp −$2,161 | 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 | −0.0881% | 4h | 0.04996 | +0.083% | $10K | $759K | 5x | as long as short |
| MEXC PHA_USDT | −0.0508% | 4h | 0.04987 | −0.100% | $1.7M | $8.5M | 50x | as long as short |
| Binance PHAUSDTlong | −0.0497% | 4h | 0.04992 | long leg | $5.3M | $183.4M | 50x | |
| BloFin PHA-USDT | −0.0470% | 4h | 0.05028 | +0.721% | $354K | $639K | 50x | as long as short |
| KuCoin PHAUSDTMshort | −0.0468% | 4h | 0.04995 | +0.060% | $422K | $3.9M | 30x | |
| Bitget PHAUSDT | +0.0042% | 4h | 0.04990 | −0.040% | $1.5M | $19.9M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04996 | +0.080% | $2.0M | $22.5M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05002 | +0.200% | $374K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05002 | +0.200% | — | $3.3M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05030 | +0.769% | $158K | $399K | — | as long as short |
Aster PHAUSDT
MEXC PHA_USDT
BloFin PHA-USDT
Bitget PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
BingX PHA-USDT
Variational Omni PHA