ArbiLayer

PHA arbitrage

live

Live PHALA price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.03%KuCoin → Gate · Spot–Perp
Best perp–perp spread+0.12%MEXC → Gate
Markets tracked149 venues · 8 perp · 6 spot · 0 DEX
Price range0.28%$0.066 – $0.0661

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoinspot$0.066Bitget logoBitgetspot$0.0661 +0.08%-0.12% +0.08%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.066OKX logoOKXspot$0.066 +0.06%-0.14% +0.06%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.066Gate logoGatespot$0.066 +0.05%-0.15% +0.05%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.066MEXC logoMEXCspot$0.066 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.066Binance logoBinancespot$0.066 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Binance logoBinancespot$0.0661Bitget logoBitgetspot$0.0661 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Gate logoGatespot$0.0661Bitget logoBitgetspot$0.0661 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0661Bitget logoBitgetspot$0.0661 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
Binance logoBinancespot$0.0661OKX logoOKXspot$0.066 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
Gate logoGatespot$0.0661OKX logoOKXspot$0.066 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
OKX logoOKXspot$0.0661Bitget logoBitgetspot$0.0661 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0661OKX logoOKXspot$0.066 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
Binance logoBinancespot$0.0661Gate logoGatespot$0.066 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0661Gate logoGatespot$0.066 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
Binance logoBinancespot$0.0661MEXC logoMEXCspot$0.066 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PHA price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · PHA_USDTPerpetual $0.0661$0.0662$0.0661+0.09% +0.030%$4.02M
Bybit logoBybitPerpetual · PHAUSDTPerpetual $0.0661$0.0662$0.0661+0.08% +0.030%$2.49M
Bitget logoBitgetPerpetual · PHAUSDTPerpetual $0.0661$0.0661$0.0661+0.01% +0.030%$2.21M
MEXC logoMEXCPerpetual · PHA_USDTPerpetual $0.066$0.066$0.066-0.08% +0.030%$950.5K
OKX logoOKXSpot · PHA-USDTSpot $0.066$0.0661$0.0661+0.01% —$651.0K
KuCoin logoKuCoinSpot · PHA-USDTSpot $0.0659$0.066$0.066-0.19% —$232.1K
KuCoin logoKuCoinPerpetual · PHAUSDTMPerpetual $0.066$0.0661$0.06610.00% +0.030%$225.0K
Gate logoGateSpot · PHA_USDTSpot $0.066$0.0661$0.0661-0.02% —$173.6K
Bitget logoBitgetSpot · PHAUSDTSpot $0.0661$0.0662$0.0661+0.05% —$134.2K
Variational logoVariationalPerpetual · PHAPerpetual $0.066$0.0662$0.0661+0.09% +0.030%$38.6K
Binance logoBinancePerpetual · PHAUSDTPerpetual $0.0661$0.0661$0.06610.00% +0.030%—
Aster logoAsterPerpetual · PHAUSDTPerpetual $0.066$0.0661$0.066-0.10% +0.030%—
Binance logoBinanceSpot · PHAUSDTSpot $0.066$0.0661$0.0661-0.04% ——
MEXC logoMEXCSpot · PHAUSDTSpot $0.066$0.0661$0.0661-0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PHA arbitrage explained

Right now PHALA (PHA) trades on 9 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.066 and the highest bid on Gate perp at $0.0661.

The widest PHA perpetual spread is between MEXC and Gate: long PHA on MEXC at $0.066 and short on Gate at $0.0661 for +0.12% gross, or -0.04% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PHA route is to buy spot on KuCoin and short the perpetual on Gate: +0.17% gross, -0.03% net, with +0.030% a day of funding on the short leg.

Spot–spot PHA arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows +0.08% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small PHA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: PHA funding rates · PHA spread charts · PHALA price · arbitrage scanner for all coins.

Is there a PHA arbitrage opportunity right now?

The best PHA route right now is to buy on KuCoin spot → sell on Gate (Spot–Perp): +0.17% gross and -0.03% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest PHA?

KuCoin (spot) has the lowest PHA ask at $0.066, and Gate (perp) the highest bid at $0.0661. Prices update every 15 seconds on this page.

How many exchanges list PHA?

ArbiLayer tracks 14 PHA markets on 9 venues: 8 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage PHA without transferring coins?

Use two perpetual contracts: go long PHA on the cheaper exchange (MEXC now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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