PHB arbitrage between HTX and Binance: we compare the price of PHB on HTX (spot) and Binance (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Phoenix

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PHB: HTX — deposit open, withdrawal open; Binance — deposit closed, withdrawal open.

About PHB arbitrage

How do I read the PHB spread?

The spread is how many percent higher PHB trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HTX and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get PHB alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.