Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h −0.101%
Price spread now: BloFin against Bitget−0.087%45s7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1571.570% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.087%, 7d avg +0.027%
=Funding pays, the price is against you. BloFin is 0.114% cheaper against Bitget than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.027%). If the spread goes back, that is −$11 on $10k: about 6.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PHAUSDT | 0.04616 | 0.0100 | pay 0.0050% / 4h | 42m 33s | $1.5M | $24.5M | 50x |
| Short | BloFin PHA-USDT | 0.04612 | 0.0157 | get 0.0078% / 4h | 42m 33s | $313K | $796K | 50x |
Bitget PHAUSDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $11.96
- Price spread: −0.087% → +0.027%
- −$11.37
- Slippage, 4 orders
- −$132.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$156.39
- Costs to cover
- 1.570%
- Break-even
- 98.5 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 39 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, 1 min ago | 6.50 bp | 60.5 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 39 min ago | 3.30 bp | 21.6 bp −$22 | 86.3 bp −$863 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PHAUSDTM | −0.0014% | 4h | 0.04610 | −0.130% | $528K | $5.6M | 30x | as long as short |
| Gate PHA_USDT | +0.0074% | 4h | 0.04617 | +0.022% | $361K | $5.8M | 25x | as long as short |
| Aster PHAUSDT | +0.0100% | 4h | 0.04614 | −0.048% | $15K | $1.3M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04611 | −0.108% | $4.8M | $224.6M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04615 | −0.022% | $1.8M | $26.6M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04620 | +0.087% | $1.6M | $9.5M | 50x | as long as short |
| Bitget PHAUSDTlong | +0.0100% | 4h | 0.04616 | long leg | $1.5M | $24.5M | 50x | |
| BingX PHA-USDT | +0.0100% | 4h | 0.04618 | +0.043% | — | $3.9M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04596 | −0.442% | $165K | $437K | — | as long as short |
| BloFin PHA-USDTshort | +0.0157% | 4h | 0.04612 | −0.087% | $313K | $796K | 50x |
KuCoin PHAUSDTM
Gate PHA_USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
BingX PHA-USDT
Variational Omni PHA