Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%
Price spread now: Bybit against BloFin+0.141%82s7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as 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−$2132.131% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.141%, 7d avg +0.114%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.027% dearer against BloFin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.114%. The two prices were read 82 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 | BloFin PHA-USDT | 0.04971 | 0.0097 | pay 0.0049% / 4h | 1m 54s | $347K | $645K | 50x |
| Short | Bybit PHAUSDT | 0.04978 | 0.0100 | get 0.0050% / 4h | 1m 54s | $2.0M | $22.8M | 20x |
BloFin PHA-USDT
Bybit PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- $0.58
- Price spread: +0.141% → +0.114%
- $2.7
- Slippage, 4 orders
- −$190.14
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$209.86
- Costs to cover
- 2.131%
- Break-even
- 2537.4 days
Slippage from BloFin: live order book, 10 min ago; Bybit: live order book, 7 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 BloFin live order book, 10 min ago | 2.01 bp | 19.1 bp −$19 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 5.00 bp | 86.7 bp −$87 | 368.2 bp −$3,682 | 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-USDTlong | +0.0097% | 4h | 0.04971 | long leg | $347K | $645K | 50x | |
| Aster PHAUSDT | +0.0100% | 4h | 0.04970 | −0.010% | $15K | $840K | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04974 | +0.068% | $5.4M | $187.9M | 50x | as long as short |
| Bybit PHAUSDTshort | +0.0100% | 4h | 0.04978 | +0.141% | $2.0M | $22.8M | 20x | |
| Gate PHA_USDT | +0.0100% | 4h | 0.04976 | +0.101% | $369K | $4.8M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04977 | +0.121% | $1.8M | $8.6M | 50x | as long as short |
| KuCoin PHAUSDTM | +0.0100% | 4h | 0.04970 | −0.020% | $469K | $3.9M | 30x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04971 | 0.000% | $1.5M | $20.2M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04977 | +0.121% | — | $3.4M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04993 | +0.439% | $157K | $399K | — | as long as short |
Aster PHAUSDT
Binance PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA