Funding arb · Price arb /

PHA

all PHA markets

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 +0.012%

Price spread now: Bitget against Variational Omni+1.091%7-day average +0.002% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.945%−$94 · spread now +1.091%, 7d avg +0.002%

Together, before fees−0.953%+ Points / potential airdropVariational Omni: Active · farm board−$95 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: Bitget is 1.088% dearer against Variational Omni than usual: you sell high and buy low, +$109 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PHA	0.05279	0.0100	pay 0.0050% / 4h	58m 00s	$170K	$406K	—
Short	Bitget PHAUSDT	0.05337	0.0100	get 0.0050% / 4h	58m 00s	$1.5M	$21.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BitgetbpOrdersPrice spread, now +1.091%Rate

Funding earned: $0
Price spread: +1.091% → +0.002%: $108.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $96.85
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bitget: live order book, 1 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 Variational Omni RFQ quote, 1 min ago	7.53 bp	doesn't fit	465.2 bp −$4,652	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.68 bp	23.3 bp −$23	114.7 bp −$1,147	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
KuCoin PHAUSDTM	−0.0004%	4h	0.05337	+1.091%	$530K	$4.5M	30x	as long as short
Aster PHAUSDT	+0.0100%	4h	0.05348	+1.300%	$13K	$1.0M	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.05338	+1.110%	$6.3M	$200.9M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05353	+1.394%	$2.2M	$24.2M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05340	+1.148%	$399K	$5.1M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.05333	+1.015%	$1.8M	$8.8M	50x	as long as short
Bitget PHAUSDTshort	+0.0100%	4h	0.05337	+1.091%	$1.5M	$21.3M	50x
BingX PHA-USDT	+0.0100%	4h	0.05337	+1.091%	—	$3.6M	—	as long as short
Variational Omni PHAlong	+0.0100%	4h	0.05279	long leg	$170K	$406K	—
BloFin PHA-USDT	+0.0129%	4h	0.05306	+0.504%	$426K	$732K	50x	as long as short