Funding you earn now, next payment 12:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.83 per $10,000 · paid last 24h −0.086%
Price spread now: KuCoin against BingX−0.088%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1491.490% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.088%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.090% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PHA-USDT | 0.04529 | 0.0100 | pay 0.0050% / 4h | 3h 49m | — | $3.9M | — |
| Short | KuCoin PHAUSDTM | 0.04525 | −0.0066 | pay 0.0033% / 4h | 3h 49m | $502K | $5.6M | 30x |
BingX PHA-USDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$34.86
- Price spread: −0.088% → +0.001%
- −$8.96
- Slippage, 4 orders
- −$126.99
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$192.81
- Costs to cover
- 1.490%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; KuCoin: live order book, 9 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, 1 min ago | 5.53 bp | 23.5 bp −$23 | 95.7 bp −$957 | 616.1 bp −$61.6K | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 7.71 bp | 48.9 bp −$49 | 232.7 bp −$2,327 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PHA_USDT | −0.0888% | 4h | 0.04529 | 0.000% | $350K | $5.7M | 25x | as long as short |
| KuCoin PHAUSDTMshort | −0.0066% | 4h | 0.04525 | −0.088% | $502K | $5.6M | 30x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.04533 | +0.088% | $16K | $1.3M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04528 | −0.018% | $4.6M | $225.1M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04537 | +0.177% | $1.7M | $26.6M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04530 | +0.022% | $1.6M | $9.5M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04531 | +0.044% | $1.4M | $24.6M | 50x | as long as short |
| BingX PHA-USDTlong | +0.0100% | 4h | 0.04529 | long leg | — | $3.9M | — | |
| Variational Omni PHA | +0.0100% | 4h | 0.04542 | +0.293% | $165K | $421K | — | as long as short |
| BloFin PHA-USDT | +0.0122% | 4h | 0.04523 | −0.132% | $298K | $780K | 50x | as long as short |
Gate PHA_USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
Bitget PHAUSDT
Variational Omni PHA
BloFin PHA-USDT