PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against Gate+0.179%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2602.600% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.030%+$103 on $10k

Price spread, last 7 days−0.317%−$32 · spread now +0.179%, 7d avg −0.034%

Together, before fees+0.713%+$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.212% dearer against Gate than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of −0.034%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +1.030%, 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	0.04479	−0.0098	get 0.0049% / 4h	10m 31s	$383K	$4.0M	25x
Short	KuCoin PHAUSDTM	0.04487	−0.0152	pay 0.0076% / 4h	10m 31s	$541K	$4.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$11.34
Price spread: +0.179% → −0.034%: $21.25
Slippage, 4 orders: −$232.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.07
Costs to cover: 2.600%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; KuCoin: live order book, 10 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, 6 min ago	5.58 bp	70.8 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	11.19 bp	50.1 bp −$50	243.4 bp −$2,434	doesn't fit	doesn't fit

PHA on 10 exchanges

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 PHAUSDTMshort	−0.0152%	4h	0.04487	+0.179%	$541K	$4.2M	30x
Gate PHA_USDTlong	−0.0098%	4h	0.04479	long leg	$383K	$4.0M	25x
BloFin PHA-USDT	+0.0091%	4h	0.04472	−0.156%	$286K	$590K	50x	as long as short
Aster PHAUSDT	+0.0100%	4h	0.04477	−0.052%	$15K	$1.1M	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.04470	−0.203%	$4.5M	$151.0M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04481	+0.045%	$1.7M	$16.1M	20x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04469	−0.223%	$1.4M	$6.9M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04471	−0.179%	$1.3M	$16.9M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04476	−0.067%	—	$3.1M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04476	−0.061%	$163K	$222K	—	as long as short