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

PHA

all PHA markets
SwapBacktest
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 −0.156%
Price spread now: Aster against Bybit−0.037%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$436as in the Price arb table
costs, in and out, $10k−$4314.307% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.188%−$19 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.037%, 7d avg +0.019%
Together, before fees−0.186%+ Points / potential airdropAster: Stage 5 · farm board−$19 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: Aster is 0.056% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PHAUSDT0.053510.0100pay 0.0050% / 4h58m 25s$2.2M$24.2M20x
ShortAster PHAUSDT0.053490.0100get 0.0050% / 4h58m 25s$13K$1.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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: −0.037% → +0.019%
−$5.61
Slippage, 4 orders
−$411.66
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$436.27
Costs to cover
4.307%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 5 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 Bybit live order book, 5 min ago8.55 bp100.9 bp −$101495.7 bp −$4,957doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago9.49 bp167.6 bp −$168doesn'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
KuCoin PHAUSDTM−0.0004%4h0.05342−0.168%$473K$4.5M30xas long as short
Aster PHAUSDTshort+0.0100%4h0.05349−0.037%$13K$1.0M5x
Binance PHAUSDT+0.0100%4h0.05344−0.130%$6.3M$200.9M50xas long as short
Bybit PHAUSDTlong+0.0100%4h0.05351long leg$2.2M$24.2M20x
Gate PHA_USDT+0.0100%4h0.05341−0.187%$399K$5.1M25xas long as short
MEXC PHA_USDT+0.0100%4h0.05345−0.112%$1.8M$8.8M50xas long as short
Bitget PHAUSDT+0.0100%4h0.05344−0.131%$1.5M$21.3M50xas long as short
BingX PHA-USDT+0.0100%4h0.05346−0.093%$3.6Mas long as short
Variational Omni PHA+0.0100%4h0.05279−1.338%$170K$406Kas long as short
BloFin PHA-USDT+0.0129%4h0.05306−0.841%$426K$732K50xas long as short