Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.11 per $10,000 · paid last 24h +0.043%
Price spread now: BloFin against Gate−0.297%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2382.384% of the position
Funding, last 7 days+0.957%+$96 on $10k
+Price spread, last 4 days (all we have)+0.409%+$41 · spread now −0.297%, 7d avg −0.085%
=Funding pays, the price is against you. BloFin is 0.213% cheaper against Gate than usual: you would sell low and buy high (spread −0.297% now, against its 7-day average of −0.085%). If the spread goes back, that is −$21 on $10k: about 31 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.957% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PHA_USDT | 0.04708 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $370K | $5.7M | 25x |
| Short | BloFin PHA-USDT | 0.04694 | 0.0123 | get 0.0061% / 4h | 1h 36m | $331K | $803K | 50x |
Gate PHA_USDT
BloFin PHA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $4.78
- Price spread: −0.297% → −0.085%
- −$21.26
- Slippage, 4 orders
- −$211.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$254.85
- Costs to cover
- 2.384%
- Break-even
- 379.9 days
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 50 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, 1 min ago | 7.44 bp | 80.5 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 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 | −0.0002% | 4h | 0.04701 | −0.149% | $522K | $5.3M | 30x | as long as short |
| Aster PHAUSDT | +0.0076% | 4h | 0.04705 | −0.073% | $12K | $1.2M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.04707 | −0.028% | $5.1M | $222.3M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.04711 | +0.064% | $1.9M | $26.3M | 20x | as long as short |
| Gate PHA_USDTlong | +0.0100% | 4h | 0.04708 | long leg | $370K | $5.7M | 25x | |
| MEXC PHA_USDT | +0.0100% | 4h | 0.04700 | −0.170% | $1.7M | $9.4M | 50x | as long as short |
| Bitget PHAUSDT | +0.0100% | 4h | 0.04701 | −0.149% | $1.3M | $24.1M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.04707 | −0.021% | — | $3.8M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.04680 | −0.602% | $171K | $434K | — | as long as short |
| BloFin PHA-USDTshort | +0.0123% | 4h | 0.04694 | −0.297% | $331K | $803K | 50x |
KuCoin PHAUSDTM
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
MEXC PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA