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

PHA

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%
Price spread now: Variational Omni against BingX+1.230%7-day average −0.124% · you sell dearer than you buy
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)−0.022%−$2 on $10k
Price spread, last 3 days (all we have)−1.160%−$116 · spread now +1.230%, 7d avg −0.124%
Together, before fees−1.182%+ Points / potential airdropVariational Omni: Active · farm board−$118 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 1.354% dearer against BingX than usual: you sell high and buy low, +$135 on $10k if it goes back to its 7-day average of −0.124%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PHA-USDT0.050190.0100pay 0.0050% / 4h2h 52m$3.5M
ShortVariational Omni PHA0.050810.0100get 0.0050% / 4h2h 52m$164K$403K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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

Funding earned
$0
Price spread: +1.230% → −0.124%
$135.38
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$125.38
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: BingX: live order book, 12 min ago; Variational Omni: RFQ quote, 17 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 BingX live order book, 12 min ago6.75 bp28.9 bp −$29120.5 bp −$1,205573.4 bp −$57.3K851.3 bp −$425.6K
Sell Variational Omni RFQ quote, 17 min ago10.63 bpdoesn't fit333.4 bp −$3,334doesn'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+0.0100%4h0.05014−0.107%$16K$924K5xas long as short
Binance PHAUSDT+0.0100%4h0.05019+0.001%$5.9M$192.8M50xas long as short
Bybit PHAUSDT+0.0100%4h0.05010−0.179%$2.1M$23.4M20xas long as short
Gate PHA_USDT+0.0100%4h0.05018−0.020%$370K$4.9M25xas long as short
MEXC PHA_USDT+0.0100%4h0.05025+0.120%$1.7M$8.7M50xas long as short
KuCoin PHAUSDTM+0.0100%4h0.05021+0.040%$497K$4.2M30xas long as short
Bitget PHAUSDT+0.0100%4h0.05010−0.179%$1.5M$20.7M50xas long as short
BingX PHA-USDTlong+0.0100%4h0.05019long leg$3.5M
Variational Omni PHAshort+0.0100%4h0.05081+1.230%$164K$403K
BloFin PHA-USDT+0.0140%4h0.04993−0.518%$397K$658K50xas long as short