Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.055%
Price spread now: BloFin against Bybit−1.597%102s7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$308as 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−$3513.508% of the position
Funding, last 7 days+0.424%+$42 on $10k
+Price spread, last 4 days (all we have)+1.676%+$168 · spread now −1.597%, 7d avg −0.149%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 1.448% cheaper against Bybit than usual: you would sell low and buy high, −$145 on $10k if it goes back to its 7-day average of −0.149%. The two prices were read 102 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 | Bybit PHAUSDT | 0.04571 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $1.9M | $26.1M | 20x |
| Short | BloFin PHA-USDT | 0.04498 | 0.0099 | get 0.0049% / 4h | 2h 15m | $375K | $750K | 50x |
Bybit PHAUSDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$0.25
- Price spread: −1.597% → −0.149%
- −$144.85
- Slippage, 4 orders
- −$327.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$495.85
- Costs to cover
- 3.508%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 11 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 Bybit live order book, 3 min ago | 8.93 bp | 151.0 bp −$151 | 415.1 bp −$4,151 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 11.69 bp | 34.1 bp −$34 | 120.3 bp −$1,203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PHAUSDTM | −0.0030% | 4h | 0.04570 | −0.022% | $666K | $5.2M | 30x | as long as short |
| Aster PHAUSDT | +0.0031% | 4h | 0.04558 | −0.283% | $11K | $1.2M | 5x | as long as short |
| BloFin PHA-USDTshort | +0.0099% | 4h | 0.04498 | −1.597% | $375K | $750K | 50x | |
| Binance PHAUSDT | +0.0100% | 4h | 0.04564 | −0.163% | $5.0M | $220.1M | 50x | as long as short |
| Bybit PHAUSDTlong | +0.0100% | 4h | 0.04571 | long leg | $1.9M | $26.1M | 20x | |
| Gate PHA_USDT | +0.0100% | 4h | 0.04571 | 0.000% | $361K | $5.6M | 25x | as long as short |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04567 | −0.088% | $1.5M | $9.4M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04565 | −0.131% | $1.3M | $23.8M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04568 | −0.066% | — | $3.8M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04553 | −0.399% | $163K | $429K | — | as long as short |
KuCoin PHAUSDTM
Aster PHAUSDT
Binance PHAUSDT
Gate PHA_USDT
MEXC PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA