Funding you earn now, next payment 04:00 UTC+0.0258%/8h= +28.3% APRnext payment +$1.29 per $10,000 · paid last 24h −0.189%
Price spread now: Gate against Bitget−0.099%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$483as in the Funding arb table
Net, price: spread back to 7d avg − costs−$399as in the Price arb table
costs, in and out, $10k−$3783.784% of the position
Funding, last 7 days−1.047%−$105 on $10k
+Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.099%, 7d avg +0.110%
=Funding pays, the price is against you. Gate is 0.209% cheaper against Bitget than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.110%). If the spread goes back, that is −$21 on $10k: about 2.7 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −1.047%, 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 | 0.05076 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $1.5M | $20.3M | 50x |
| Short | Gate PHA_USDT | 0.05071 | 0.0358 | get 0.0179% / 4h | 3h 43m | $369K | $4.8M | 25x |
Bitget PHAUSDT
Gate PHA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $54.18
- Price spread: −0.099% → +0.110%
- −$20.87
- Slippage, 4 orders
- −$351.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$345.12
- Costs to cover
- 3.784%
- Break-even
- 51.6 days
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 6.91 bp | 37.0 bp −$37 | 116.1 bp −$1,161 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 8.90 bp | 131.5 bp −$132 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PHA-USDT | +0.0044% | 4h | 0.05055 | −0.414% | $371K | $658K | 50x | as long as short |
| Aster PHAUSDT | +0.0100% | 4h | 0.05078 | +0.030% | $17K | $886K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05059 | −0.326% | $5.7M | $189.5M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05068 | −0.158% | $2.1M | $23.0M | 20x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.05076 | 0.000% | $1.8M | $8.6M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.05073 | −0.059% | $484K | $4.0M | 30x | as long as short |
| Bitget PHAUSDTlong | +0.0100% | 4h | 0.05076 | long leg | $1.5M | $20.3M | 50x | |
| BingX PHA-USDT | +0.0100% | 4h | 0.05066 | −0.197% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05027 | −0.971% | $156K | $399K | — | as long as short |
| Gate PHA_USDTshort | +0.0358% | 4h | 0.05071 | −0.099% | $369K | $4.8M | 25x |
BloFin PHA-USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
KuCoin PHAUSDTM
BingX PHA-USDT
Variational Omni PHA