Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +6.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.050%
Price spread now: KuCoin against BloFin−0.180%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1361.355% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.180%, 7d avg +0.063%
=Funding pays, the price is against you. KuCoin is 0.242% cheaper against BloFin than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of +0.063%). If the spread goes back, that is −$24 on $10k: about 15 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PHA-USDT | 0.05010 | −0.0444 | get 0.0222% / 4h | 2h 00m | $357K | $638K | 50x |
| Short | KuCoin PHAUSDTM | 0.05001 | −0.0390 | pay 0.0195% / 4h | 2h 00m | $423K | $3.9M | 30x |
BloFin PHA-USDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $11.44
- Price spread: −0.180% → +0.063%
- −$24.22
- Slippage, 4 orders
- −$111.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$148.29
- Costs to cover
- 1.355%
- Break-even
- 97.7 days
Slippage from BloFin: live order book, 21 min ago; KuCoin: 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, 21 min ago | 3.02 bp | 24.0 bp −$24 | 95.0 bp −$950 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 9.03 bp | 47.0 bp −$47 | 185.6 bp −$1,856 | 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 | −0.0779% | 4h | 0.04999 | −0.220% | $10K | $761K | 5x | as long as short |
| BloFin PHA-USDTlong | −0.0444% | 4h | 0.05010 | long leg | $357K | $638K | 50x | |
| MEXC PHA_USDT | −0.0422% | 4h | 0.04994 | −0.319% | $1.8M | $8.5M | 50x | as long as short |
| Binance PHAUSDT | −0.0408% | 4h | 0.04990 | −0.400% | $5.3M | $183.5M | 50x | as long as short |
| KuCoin PHAUSDTMshort | −0.0390% | 4h | 0.05001 | −0.180% | $423K | $3.9M | 30x | |
| Bitget PHAUSDT | +0.0086% | 4h | 0.04990 | −0.399% | $1.5M | $19.9M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04998 | −0.240% | $2.0M | $22.5M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05003 | −0.140% | $375K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04999 | −0.220% | — | $3.3M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04980 | −0.593% | $156K | $399K | — | as long as short |
Aster PHAUSDT
MEXC PHA_USDT
Binance PHAUSDT
Bitget PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
BingX PHA-USDT
Variational Omni PHA