Settings8H · net · $10k
Funding arb · Price arb /

PHA

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0679%/8h= +74.4% APRnext payment +$3.40 per $10,000 · paid last 24h +0.094%
Price spread now: Variational Omni against Binance−0.095%7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.114%+$11 on $10k
Price spread, last 3 days (all we have)+0.240%+$24 · spread now −0.095%, 7d avg −0.032%
Together, before fees+0.353%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.063% cheaper against Binance than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.032%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$20 a day). At the pace of the last 3 days (+0.114% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.114% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PHAUSDT0.04974−0.0579get 0.0290% / 4h2h 18m$5.3M$183.2M50x
ShortVariational Omni PHA0.049690.0100get 0.0050% / 4h2h 18m$156K$399K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$142.69
Price spread: −0.095% → −0.032%
−$6.29
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$126.4
Costs to cover
0.100%
Break-even
0.8 days
Slippage unknown: Binance: live order book, 10 min ago; Variational Omni: RFQ quote, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago1.00 bp20.9 bp −$21116.4 bp −$1,164doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 6 min ago7.97 bpdoesn't fit247.2 bp −$2,472doesn't fitdoesn't fit

PHA on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PHAUSDT−0.0990%4h0.04972−0.037%$10K$759K5xas long as short
BloFin PHA-USDT−0.0643%4h0.04961−0.260%$356K$628K50xas long as short
MEXC PHA_USDT−0.0590%4h0.04977+0.061%$1.7M$8.5M50xas long as short
Binance PHAUSDTlong−0.0579%4h0.04974long leg$5.3M$183.2M50x
KuCoin PHAUSDTM−0.0532%4h0.04973−0.019%$421K$3.9M30xas long as short
Bitget PHAUSDT+0.0008%4h0.04971−0.059%$1.5M$19.9M50xas long as short
Bybit PHAUSDT+0.0100%4h0.04976+0.041%$2.0M$22.4M20xas long as short
Gate PHA_USDT+0.0100%4h0.04972−0.039%$357K$4.7M25xas long as short
BingX PHA-USDT+0.0100%4h0.04974+0.001%$3.3Mas long as short
Variational Omni PHAshort+0.0100%4h0.04969−0.095%$156K$399K