PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against KuCoin+0.022%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1401.401% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.347%+$35 · spread now +0.022%, 7d avg −0.065%

Together, before fees+0.280%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.087% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PHAUSDTM	0.04533	−0.0102	get 0.0051% / 4h	3h 27m	$494K	$5.6M	30x
Short	BloFin PHA-USDT	0.04534	0.0062	get 0.0031% / 4h	3h 27m	$300K	$789K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $34.51
Price spread: +0.022% → −0.065%: $8.73
Slippage, 4 orders: −$116.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$96.84
Costs to cover: 1.401%
Break-even: 26.6 days

Slippage from KuCoin: 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 KuCoin live order book, 1 min ago	9.94 bp	56.3 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	3.28 bp	18.5 bp −$18	61.8 bp −$618	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 PHAUSDTMlong	−0.0102%	4h	0.04533	long leg	$494K	$5.6M	30x
Gate PHA_USDT	−0.0048%	4h	0.04538	+0.110%	$356K	$5.7M	25x	as long as short
BloFin PHA-USDTshort	+0.0062%	4h	0.04534	+0.022%	$300K	$789K	50x
Aster PHAUSDT	+0.0100%	4h	0.04533	+0.009%	$16K	$1.3M	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.04532	−0.022%	$4.6M	$224.9M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04539	+0.132%	$1.7M	$26.6M	20x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04530	−0.066%	$1.5M	$9.5M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04536	+0.066%	$1.4M	$24.6M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04540	+0.154%	—	$3.8M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04525	−0.182%	$165K	$421K	—	as long as short