data as of
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Price arb /

PHA

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$153
spread now+0.263%7d average−0.066%fees + slippage, in and out−$186spread needed1.863%
Long on GateShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PHA_USDT0.04947−0.0150get 0.0075% / 4h15m 52s$495K$3.4M25x
ShortMEXC PHA_USDT0.04960−0.0110pay 0.0055% / 4h15m 52s$1.7M$7.4M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$26.28
Funding while held
$1.2
Slippage, 4 orders
−$167.29
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$158.81
Spread needed to break even
1.863%
Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0040%
Per $10,000 a day
+$1.20
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago10.19 bp89.2 bp −$89doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago1.02 bp6.6 bp −$729.3 bp −$293135.3 bp −$13.5K249.7 bp −$124.8K

PHA price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.04816cheapest
Gate0.04947+2.718%
BloFin0.04947+2.718%KuCoin0.04949+2.760%Bitget0.04953+2.843%BingX0.04956+2.905%Bybit0.04959+2.967%
MEXC0.04960+2.988%
Binance0.04960+2.995%Aster0.04961+3.006%

PHA on 10 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni PHA−2.646%+0.0100%4h$151K$337K—as long as short
Gate PHA_USDTlong0.000%−0.0150%4h$495K$3.4M25x
BloFin PHA-USDT0.000%−0.0131%4h$378K$486K50xas long as short
KuCoin PHAUSDTM+0.040%−0.0394%4h$548K$3.1M30xas long as short
Bitget PHAUSDT+0.121%+0.0100%4h$1.4M$17.3M50xas long as short
BingX PHA-USDT+0.182%+0.0100%4h—$2.9M—as long as short
Bybit PHAUSDT+0.243%+0.0100%4h$2.1M$18.6M20xas long as short
MEXC PHA_USDTshort+0.263%−0.0110%4h$1.7M$7.4M50x
Binance PHAUSDT+0.269%−0.0115%4h$5.4M$149.5M50xas long as short
Aster PHAUSDT+0.280%−0.0620%4h$19K$607K5xas long as short