Funding you earn now, next payment 00:00 UTC−0.0562%/8h= −61.5% APRnext payment −$2.81 per $10,000 · paid last 24h −0.050%
Price spread now: KuCoin against Bitget−0.181%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1501.503% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.181%, 7d avg +0.105%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.285% cheaper against Bitget than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.105%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.81 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 | 0.04979 | −0.0016 | get 0.0008% / 4h | 2h 22m | $1.5M | $19.9M | 50x |
| Short | KuCoin PHAUSDTM | 0.04970 | −0.0578 | pay 0.0289% / 4h | 2h 22m | $421K | $3.9M | 30x |
Bitget PHAUSDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$118.02
- Price spread: −0.181% → +0.105%
- −$28.54
- Slippage, 4 orders
- −$126.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$296.81
- Costs to cover
- 1.503%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; KuCoin: 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, 1 min ago | 8.02 bp | 35.7 bp −$36 | 108.2 bp −$1,082 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 12.90 bp | 48.2 bp −$48 | 202.0 bp −$2,020 | 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 | −0.1044% | 4h | 0.04975 | −0.076% | $9K | $759K | 5x | as long as short |
| BloFin PHA-USDT | −0.0663% | 4h | 0.04969 | −0.201% | $353K | $629K | 50x | as long as short |
| Binance PHAUSDT | −0.0630% | 4h | 0.04976 | −0.060% | $5.3M | $183.1M | 50x | as long as short |
| MEXC PHA_USDT | −0.0630% | 4h | 0.04981 | +0.040% | $1.7M | $8.5M | 50x | as long as short |
| KuCoin PHAUSDTMshort | −0.0578% | 4h | 0.04970 | −0.181% | $421K | $3.9M | 30x | |
| Bitget PHAUSDTlong | −0.0016% | 4h | 0.04979 | long leg | $1.5M | $19.9M | 50x | |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04981 | +0.040% | $2.0M | $22.4M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.04973 | −0.121% | $357K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04973 | −0.121% | — | $3.3M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05042 | +1.272% | $168K | $390K | — | as long as short |
Aster PHAUSDT
BloFin PHA-USDT
Binance PHAUSDT
MEXC PHA_USDT
Bybit PHAUSDT
Gate PHA_USDT
BingX PHA-USDT
Variational Omni PHA