PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0994%/8h= −108.8% APRnext payment −$4.97 per $10,000 · paid last 24h +0.125%

Price spread now: Binance against Gate+0.047%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$3383.377% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.941%+$94 on $10k

Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.047%, 7d avg −0.076%

Together, before fees+0.545%+$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.123% dearer against Gate than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.076%): +$12 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.941%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PHA_USDT	0.05052	0.0100	pay 0.0050% / 4h	2h 51m	$359K	$4.7M	25x
Short	Binance PHAUSDT	0.05054	−0.0894	pay 0.0447% / 4h	2h 51m	$5.4M	$182.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$208.64
Price spread: +0.047% → −0.076%: $12.31
Slippage, 4 orders: −$312.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$534.08
Costs to cover: 3.377%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: 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 Gate live order book, 2 min ago	4.91 bp	168.1 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.99 bp	19.2 bp −$19	91.9 bp −$919	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	−0.1344%	4h	0.05057	+0.094%	$7K	$752K	5x	as long as short
BloFin PHA-USDT	−0.0929%	4h	0.05048	−0.079%	$358K	$635K	50x	as long as short
MEXC PHA_USDT	−0.0906%	4h	0.05055	+0.059%	$1.8M	$8.4M	50x	as long as short
Binance PHAUSDTshort	−0.0894%	4h	0.05054	+0.047%	$5.4M	$182.4M	50x
KuCoin PHAUSDTM	−0.0820%	4h	0.05050	−0.040%	$446K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0136%	4h	0.05054	+0.040%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHA	−0.0004%	4h	0.05064	+0.247%	$158K	$380K	—	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05059	+0.139%	$2.0M	$22.3M	20x	as long as short
Gate PHA_USDTlong	+0.0100%	4h	0.05052	long leg	$359K	$4.7M	25x
BingX PHA-USDT	+0.0100%	4h	0.05055	+0.059%	—	$3.3M	—	as long as short