Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.015%
Price spread now: BingX against Bitget+0.118%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1011.008% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.118%, 7d avg +0.087%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.031% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.087%.
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 +$1.20 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 | Bitget PHAUSDT | 0.05079 | −0.0140 | get 0.0070% / 4h | 2h 52m | $1.5M | $19.9M | 50x |
| Short | BingX PHA-USDT | 0.05085 | 0.0100 | get 0.0050% / 4h | 2h 52m | — | $3.3M | — |
Bitget PHAUSDT
BingX PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- $50.4
- Price spread: +0.118% → +0.087%
- $3.1
- Slippage, 4 orders
- −$78.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$47.32
- Costs to cover
- 1.008%
- Break-even
- 13.6 days
Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 13 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 Bitget live order book, 2 min ago | 7.86 bp | 29.0 bp −$29 | 102.2 bp −$1,022 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 6.96 bp | 23.1 bp −$23 | 84.7 bp −$847 | 462.8 bp −$46.3K | 972.0 bp −$486.0K |
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 | −0.1357% | 4h | 0.05082 | +0.054% | $7K | $752K | 5x | as long as short |
| BloFin PHA-USDT | −0.0969% | 4h | 0.05074 | −0.098% | $359K | $639K | 50x | as long as short |
| MEXC PHA_USDT | −0.0920% | 4h | 0.05077 | −0.039% | $1.9M | $8.4M | 50x | as long as short |
| Binance PHAUSDT | −0.0906% | 4h | 0.05074 | −0.107% | $5.4M | $182.3M | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0826% | 4h | 0.05073 | −0.118% | $445K | $3.9M | 30x | as long as short |
| Bitget PHAUSDTlong | −0.0140% | 4h | 0.05079 | long leg | $1.5M | $19.9M | 50x | |
| Variational Omni PHA | −0.0004% | 4h | 0.05064 | −0.286% | $158K | $380K | — | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05079 | 0.000% | $2.0M | $22.3M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05082 | +0.059% | $363K | $4.7M | 25x | as long as short |
| BingX PHA-USDTshort | +0.0100% | 4h | 0.05085 | +0.118% | — | $3.3M | — |
Aster PHAUSDT
BloFin PHA-USDT
MEXC PHA_USDT
Binance PHAUSDT
KuCoin PHAUSDTM
Variational Omni PHA
Bybit PHAUSDT
Gate PHA_USDT