Funding arb · Price arb /

PHA

all PHA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.228%

Price spread now: Variational Omni against Aster−0.391%7-day average −0.209% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.361%+$36 on $10k

Price spread, last 3 days (all we have)+0.374%+$37 · spread now −0.391%, 7d avg −0.209%

Together, before fees+0.736%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$74 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.182% cheaper against Aster than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.209%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PHAUSDT	0.04925	0.0100	pay 0.0050% / 4h	16m 35s	$18K	$837K	5x
Short	Variational Omni PHA	0.04906	0.0100	get 0.0050% / 4h	16m 35s	$155K	$399K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.391%Rate

Funding earned: $0
Price spread: −0.391% → −0.209%: −$18.19
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.19
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 61 min ago; Variational Omni: RFQ quote, 62 min ago. Net counts fees only.

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 Aster live order book, 61 min ago	6.06 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 62 min ago	8.02 bp	doesn't fit	244.6 bp −$2,446	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
BloFin PHA-USDT	+0.0070%	4h	0.04941	+0.323%	$363K	$641K	50x	as long as short
Aster PHAUSDTlong	+0.0100%	4h	0.04925	long leg	$18K	$837K	5x
Binance PHAUSDT	+0.0100%	4h	0.04925	+0.002%	$5.3M	$187.4M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04931	+0.120%	$1.9M	$22.8M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.04925	−0.002%	$365K	$4.8M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04929	+0.079%	$1.7M	$8.6M	50x	as long as short
KuCoin PHAUSDTM	+0.0100%	4h	0.04924	−0.022%	$455K	$3.9M	30x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04933	+0.160%	$1.5M	$20.2M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04927	+0.039%	—	$3.4M	—	as long as short
Variational Omni PHAshort	+0.0100%	4h	0.04906	−0.391%	$155K	$399K	—