Funding arb · Price arb /

PHA

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Swap Backtest

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 +0.038%

Price spread now: Variational Omni against KuCoin−0.717%7-day average −0.108% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.643%+$64 · spread now −0.717%, 7d avg −0.108%

Together, before fees+0.681%+ Points / potential airdropVariational Omni: Active · farm board+$68 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 0.608% cheaper against KuCoin than usual: you would sell low and buy high, −$61 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PHAUSDTM	0.05063	0.0100	pay 0.0050% / 4h	3h 43m	$483K	$4.0M	30x
Short	Variational Omni PHA	0.05027	0.0100	get 0.0050% / 4h	3h 43m	$156K	$399K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.717%Rate

Funding earned: $0
Price spread: −0.717% → −0.108%: −$60.85
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$72.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Variational Omni: RFQ quote, 31 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 KuCoin live order book, 4 min ago	11.05 bp	43.0 bp −$43	263.7 bp −$2,637	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	8.10 bp	doesn't fit	287.5 bp −$2,875	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	+0.0058%	4h	0.05065	+0.040%	$375K	$659K	50x	as long as short
Aster PHAUSDT	+0.0100%	4h	0.05070	+0.146%	$17K	$886K	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.05066	+0.066%	$5.7M	$189.5M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05070	+0.138%	$2.1M	$23.0M	20x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.05064	+0.020%	$1.8M	$8.6M	50x	as long as short
KuCoin PHAUSDTMlong	+0.0100%	4h	0.05063	long leg	$483K	$4.0M	30x
Bitget PHAUSDT	+0.0100%	4h	0.05068	+0.099%	$1.5M	$20.3M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05070	+0.138%	—	$3.4M	—	as long as short
Variational Omni PHAshort	+0.0100%	4h	0.05027	−0.717%	$156K	$399K	—
Gate PHA_USDT	+0.0358%	4h	0.05071	+0.158%	$369K	$4.8M	25x	as long as short