PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Binance−0.073%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.073%, 7d avg +0.008%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.081% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PHAUSDT	0.04977	−0.0141	get 0.0071% / 4h	1h 30m	$5.3M	$184.1M	50x
Short	MEXC PHA_USDT	0.04973	−0.0152	pay 0.0076% / 4h	1h 30m	$1.7M	$8.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$2.23
Price spread: −0.073% → +0.008%: −$8.13
Slippage, 4 orders: −$45.09
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$69.45
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: 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, 13 min ago	2.00 bp	21.8 bp −$22	120.0 bp −$1,200	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.01 bp	6.9 bp −$7	46.8 bp −$468	108.5 bp −$10.9K	302.4 bp −$151.2K

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	−0.0462%	4h	0.04967	−0.191%	$9K	$763K	5x	as long as short
KuCoin PHAUSDTM	−0.0200%	4h	0.04959	−0.354%	$417K	$3.9M	30x	as long as short
MEXC PHA_USDTshort	−0.0152%	4h	0.04973	−0.073%	$1.7M	$8.5M	50x
Binance PHAUSDTlong	−0.0141%	4h	0.04977	long leg	$5.3M	$184.1M	50x
BloFin PHA-USDT	−0.0121%	4h	0.04943	−0.676%	$352K	$632K	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04985	+0.168%	$2.0M	$22.5M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.04966	−0.214%	$372K	$4.7M	25x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04979	+0.048%	$1.5M	$20.0M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04976	−0.013%	—	$3.4M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04962	−0.286%	$155K	$399K	—	as long as short