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

PHA

all PHA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.141%
Price spread now: Aster against BloFin+0.070%7-day average +0.157% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1061.062% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.556%−$56 on $10k
Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.070%, 7d avg +0.157%
Together, before fees−0.673%+ Points / potential airdropAster: Stage 5 · farm board−$67 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.087% cheaper against BloFin than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.157%). If the spread goes back, that is −$9 on $10k: about 17 days of funding at the current rate ($0 a day). Mind the row above: over the last 5 days funding on this pair cost −0.556%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin PHA-USDT0.051090.0083pay 0.0042% / 4h36m 55s$358K$660K50x
ShortAster PHAUSDT0.051130.0100get 0.0050% / 4h36m 55s$9K$787K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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
$3.49
Price spread: +0.070% → +0.157%
−$8.7
Slippage, 4 orders
−$86.24
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$111.45
Costs to cover
1.062%
Break-even
230.6 days
Slippage from BloFin: live order book, 40 min ago; Aster: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 40 min ago3.02 bp20.9 bp −$2166.8 bp −$668doesn't fitdoesn't fit
Sell Aster live order book, 41 min ago6.06 bp32.9 bp −$33doesn't fitdoesn'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
BloFin PHA-USDTlong+0.0083%4h0.05109long leg$358K$660K50x
Aster PHAUSDTshort+0.0100%4h0.05113+0.070%$9K$787K5x
Binance PHAUSDT+0.0100%4h0.05113+0.076%$5.6M$185.6M50xas long as short
Bybit PHAUSDT+0.0100%4h0.05117+0.157%$2.1M$22.6M20xas long as short
Gate PHA_USDT+0.0100%4h0.05113+0.078%$385K$4.7M25xas long as short
MEXC PHA_USDT+0.0100%4h0.05106−0.059%$1.9M$8.6M50xas long as short
KuCoin PHAUSDTM+0.0100%4h0.05112+0.059%$442K$3.9M30xas long as short
Bitget PHAUSDT+0.0100%4h0.05111+0.039%$1.5M$20.1M50xas long as short
BingX PHA-USDT+0.0100%4h0.05115+0.117%$3.4Mas long as short
Variational Omni PHA+0.0100%4h0.05086−0.453%$160K$399Kas long as short