Funding arb · Price arb /

PHA

all PHA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.059%

Price spread now: MEXC against Bybit−0.056%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1711.715% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.408%+$41 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.056%, 7d avg −0.136%

Together, before fees+0.404%+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.081% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PHAUSDT	0.05379	0.0100	pay 0.0050% / 4h	3h 53m	$2.3M	$24.8M	20x
Short	MEXC PHA_USDT	0.05376	0.0100	get 0.0050% / 4h	3h 53m	$2.0M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.136%: $8.06
Slippage, 4 orders: −$156.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$163.44
Costs to cover: 1.715%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; MEXC: 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 Bybit live order book, just now	7.43 bp	68.5 bp −$69	417.7 bp −$4,177	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.73 bp	10.7 bp −$11	56.6 bp −$566	98.1 bp −$9,809	269.0 bp −$134.5K

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	−0.0214%	4h	0.05374	−0.093%	$622K	$4.6M	30x	as long as short
Gate PHA_USDT	−0.0200%	4h	0.05371	−0.149%	$415K	$5.2M	25x	as long as short
Aster PHAUSDT	+0.0007%	4h	0.05365	−0.256%	$13K	$1.1M	5x	as long as short
BloFin PHA-USDT	+0.0054%	4h	0.05374	−0.093%	$432K	$788K	50x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.05375	−0.066%	$6.5M	$208.4M	50x	as long as short
Bybit PHAUSDTlong	+0.0100%	4h	0.05379	long leg	$2.3M	$24.8M	20x
MEXC PHA_USDTshort	+0.0100%	4h	0.05376	−0.056%	$2.0M	$9.0M	50x
Bitget PHAUSDT	+0.0100%	4h	0.05380	+0.019%	$1.7M	$22.0M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05372	−0.130%	—	$3.6M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.05491	+2.083%	$197K	$429K	—	as long as short