Funding you earn now, next payment 04:00 UTC−0.0228%/8h= −25.0% APRnext payment −$1.14 per $10,000 · paid last 24h +0.054%
Price spread now: KuCoin against MEXC+0.073%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1141.140% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now +0.073%, 7d avg +0.070%
=The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PHA_USDT | 0.05511 | 0.0100 | pay 0.0050% / 4h | 16m 45s | $1.8M | $8.9M | 50x |
| Short | KuCoin PHAUSDTM | 0.05515 | −0.0128 | pay 0.0064% / 4h | 16m 45s | $517K | $4.6M | 30x |
MEXC PHA_USDT
KuCoin PHAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- −$47.88
- Price spread: +0.073% → +0.070%
- $0.24
- Slippage, 4 orders
- −$98.03
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$161.67
- Costs to cover
- 1.140%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 1 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, 1 min ago | 3.63 bp | 8.9 bp −$9 | 42.5 bp −$425 | 98.0 bp −$9,795 | 307.2 bp −$153.6K |
| Sell KuCoin live order book, 1 min ago | 10.91 bp | 46.3 bp −$46 | 212.8 bp −$2,128 | 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 PHAUSDTMshort | −0.0128% | 4h | 0.05515 | +0.073% | $517K | $4.6M | 30x | |
| BloFin PHA-USDT | +0.0068% | 4h | 0.05512 | +0.018% | $435K | $793K | 50x | as long as short |
| Aster PHAUSDT | +0.0100% | 4h | 0.05521 | +0.179% | $15K | $1.1M | 5x | as long as short |
| Binance PHAUSDT | +0.0100% | 4h | 0.05518 | +0.121% | $6.6M | $205.6M | 50x | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05528 | +0.308% | $2.4M | $24.5M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05518 | +0.127% | $416K | $5.1M | 25x | as long as short |
| MEXC PHA_USDTlong | +0.0100% | 4h | 0.05511 | long leg | $1.8M | $8.9M | 50x | |
| Bitget PHAUSDT | +0.0100% | 4h | 0.05515 | +0.073% | $1.7M | $21.7M | 50x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05516 | +0.091% | — | $3.6M | — | as long as short |
| Variational Omni PHA | +0.0100% | 4h | 0.05368 | −2.595% | $190K | $426K | — | as long as short |
BloFin PHA-USDT
Aster PHAUSDT
Binance PHAUSDT
Bybit PHAUSDT
Gate PHA_USDT
Bitget PHAUSDT
BingX PHA-USDT
Variational Omni PHA