PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1446%/8h= +158.3% APRnext payment +$7.23 per $10,000 · paid last 24h +0.145%

Price spread now: Bybit against Aster+0.217%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2372.372% of the position

Long on Aster Short on Bybit

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)−0.183%−$18 · spread now +0.217%, 7d avg −0.046%

Together, before fees+0.005%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Bybit is 0.263% dearer against Aster than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.046%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.188% in total (about 13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PHAUSDT	0.05055	−0.1346	get 0.0673% / 4h	2h 50m	$7K	$752K	5x
Short	Bybit PHAUSDT	0.05066	0.0100	get 0.0050% / 4h	2h 50m	$2.0M	$22.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now +0.217%Rate

Funding earned: $303.62
Price spread: +0.217% → −0.046%: $26.33
Slippage, 4 orders: −$218.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $92.71
Costs to cover: 2.372%
Break-even: 4.9 days

Slippage from Aster: live order book, 37 min ago; Bybit: live order book, 4 min ago.

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 Aster live order book, 37 min ago	7.89 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.87 bp	89.7 bp −$90	254.6 bp −$2,546	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
Aster PHAUSDTlong	−0.1346%	4h	0.05055	long leg	$7K	$752K	5x
BloFin PHA-USDT	−0.0929%	4h	0.05048	−0.139%	$358K	$635K	50x	as long as short
Binance PHAUSDT	−0.0894%	4h	0.05056	+0.011%	$5.4M	$182.4M	50x	as long as short
MEXC PHA_USDT	−0.0892%	4h	0.05050	−0.099%	$1.8M	$8.4M	50x	as long as short
KuCoin PHAUSDTM	−0.0812%	4h	0.05051	−0.079%	$446K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0130%	4h	0.05058	+0.059%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHA	+0.0036%	4h	0.05060	+0.089%	$169K	$389K	—	as long as short
Bybit PHAUSDTshort	+0.0100%	4h	0.05066	+0.217%	$2.0M	$22.4M	20x
Gate PHA_USDT	+0.0100%	4h	0.05055	0.000%	$360K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05054	−0.020%	—	$3.3M	—	as long as short