Funding you earn now, next payment 00:00 UTC+0.0260%/8h= +28.5% APRnext payment +$1.30 per $10,000 · paid last 24h −0.095%
Price spread now: Bybit against Bitget+0.079%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2352.350% of the position
Funding, last 7 days−0.516%−$52 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.079%, 7d avg +0.152%
=Funding pays, the price is against you. Bybit is 0.072% cheaper against Bitget than usual: you would sell low and buy high (spread +0.079% now, against its 7-day average of +0.152%). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.516%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PHAUSDT | 0.05044 | −0.0160 | get 0.0080% / 4h | 2h 57m | $1.5M | $19.9M | 50x |
| Short | Bybit PHAUSDT | 0.05048 | 0.0100 | get 0.0050% / 4h | 2h 57m | $2.0M | $22.3M | 20x |
Bitget PHAUSDT
Bybit PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $54.6
- Price spread: +0.079% → +0.152%
- −$7.22
- Slippage, 4 orders
- −$211.95
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$187.58
- Costs to cover
- 2.350%
- Break-even
- 31.0 days
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 1 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 | 8.96 bp | 35.7 bp −$36 | 107.0 bp −$1,070 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.98 bp | 77.6 bp −$78 | 270.5 bp −$2,705 | 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 | −0.1423% | 4h | 0.05031 | −0.255% | $7K | $751K | 5x | as long as short |
| Binance PHAUSDT | −0.0964% | 4h | 0.05047 | +0.059% | $5.4M | $182.1M | 50x | as long as short |
| MEXC PHA_USDT | −0.0964% | 4h | 0.05038 | −0.119% | $1.8M | $8.4M | 50x | as long as short |
| BloFin PHA-USDT | −0.0921% | 4h | 0.05046 | +0.040% | $363K | $635K | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0874% | 4h | 0.05040 | −0.079% | $442K | $3.9M | 30x | as long as short |
| Bitget PHAUSDTlong | −0.0160% | 4h | 0.05044 | long leg | $1.5M | $19.9M | 50x | |
| Variational Omni PHA | −0.0041% | 4h | 0.05036 | −0.167% | $158K | $379K | — | as long as short |
| Bybit PHAUSDTshort | +0.0100% | 4h | 0.05048 | +0.079% | $2.0M | $22.3M | 20x | |
| Gate PHA_USDT | +0.0100% | 4h | 0.05035 | −0.178% | $358K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05052 | +0.159% | — | $3.3M | — | as long as short |
Aster PHAUSDT
Binance PHAUSDT
MEXC PHA_USDT
BloFin PHA-USDT
KuCoin PHAUSDTM
Variational Omni PHA
Gate PHA_USDT
BingX PHA-USDT