Funding you earn now, next payment 00:00 UTC−0.0258%/8h= −28.3% APRnext payment −$1.29 per $10,000 · paid last 24h −0.015%
Price spread now: Bitget against BingX−0.098%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.098%, 7d avg −0.087%
=The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: −$8 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 -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.29 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 | BingX PHA-USDT | 0.05080 | 0.0100 | pay 0.0050% / 4h | 2h 56m | — | $3.3M | — |
| Short | Bitget PHAUSDT | 0.05075 | −0.0158 | pay 0.0079% / 4h | 2h 56m | $1.5M | $19.9M | 50x |
BingX PHA-USDT
Bitget PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$54.18
- Price spread: −0.098% → −0.087%
- −$1.12
- Slippage, 4 orders
- −$90.84
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$168.15
- Costs to cover
- 1.128%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bitget: live order book, 2 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 BingX live order book, 8 min ago | 6.96 bp | 24.5 bp −$25 | 101.4 bp −$1,014 | 538.1 bp −$53.8K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 8.96 bp | 29.5 bp −$29 | 80.5 bp −$805 | 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 | −0.1416% | 4h | 0.05046 | −0.675% | $7K | $751K | 5x | as long as short |
| MEXC PHA_USDT | −0.0964% | 4h | 0.05078 | −0.039% | $1.8M | $8.4M | 50x | as long as short |
| Binance PHAUSDT | −0.0951% | 4h | 0.05073 | −0.145% | $5.4M | $182.1M | 50x | as long as short |
| BloFin PHA-USDT | −0.0921% | 4h | 0.05046 | −0.669% | $363K | $635K | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0854% | 4h | 0.05078 | −0.039% | $445K | $3.9M | 30x | as long as short |
| Bitget PHAUSDTshort | −0.0158% | 4h | 0.05075 | −0.098% | $1.5M | $19.9M | 50x | |
| Variational Omni PHA | −0.0041% | 4h | 0.05036 | −0.874% | $158K | $379K | — | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05079 | −0.020% | $2.0M | $22.3M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05081 | +0.020% | $362K | $4.7M | 25x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.05080 | long leg | — | $3.3M | — |
Aster PHAUSDT
MEXC PHA_USDT
Binance PHAUSDT
BloFin PHA-USDT
KuCoin PHAUSDTM
Variational Omni PHA
Bybit PHAUSDT
Gate PHA_USDT