PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0276%/8h= +30.2% APRnext payment +$1.38 per $10,000 · paid last 24h +0.010%

Price spread now: Bybit against MEXC−0.081%7-day average +0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$1961.957% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.081%, 7d avg +0.130%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.211% cheaper against MEXC than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.130%). If the spread goes back, that is −$21 on $10k: about 2.5 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.410%, 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	MEXC PHA_USDT	0.04966	−0.0176	get 0.0088% / 4h	1h 33m	$1.7M	$8.5M	50x
Short	Bybit PHAUSDT	0.04962	0.0100	get 0.0050% / 4h	1h 33m	$2.0M	$22.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.081%Rate

Funding earned: $57.96
Price spread: −0.081% → +0.130%: −$21.08
Slippage, 4 orders: −$180.75
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$158.87
Costs to cover: 1.957%
Break-even: 26.2 days

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 5 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 MEXC live order book, 4 min ago	2.01 bp	11.2 bp −$11	55.5 bp −$555	102.2 bp −$10.2K	261.9 bp −$130.9K
Sell Bybit live order book, 5 min ago	5.00 bp	88.8 bp −$89	254.0 bp −$2,540	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	−0.0497%	4h	0.04969	+0.060%	$9K	$762K	5x	as long as short
KuCoin PHAUSDTM	−0.0236%	4h	0.04967	+0.020%	$417K	$3.9M	30x	as long as short
BloFin PHA-USDT	−0.0226%	4h	0.04973	+0.141%	$351K	$635K	50x	as long as short
MEXC PHA_USDTlong	−0.0176%	4h	0.04966	long leg	$1.7M	$8.5M	50x
Binance PHAUSDT	−0.0166%	4h	0.04963	−0.060%	$5.3M	$183.9M	50x	as long as short
Bybit PHAUSDTshort	+0.0100%	4h	0.04962	−0.081%	$2.0M	$22.5M	20x
Gate PHA_USDT	+0.0100%	4h	0.04970	+0.081%	$372K	$4.7M	25x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04969	+0.060%	$1.5M	$20.0M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04967	+0.020%	—	$3.4M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.05004	+0.764%	$157K	$399K	—	as long as short