PHA

Alert

Funding spread now, next payment 16:00 UTC+0.0215%/8h

next payment, per $10,000+$1.07paid, last 24h+0.065%paid, last 7 days+0.104%to open and close $10k−$84

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.07 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	Binance PHAUSDT	0.04960	−0.0115	get 0.0057% / 4h	15m 57s	$5.4M	$149.5M	50x
Short	BingX PHA-USDT	0.04956	0.0100	get 0.0050% / 4h	15m 57s	—	$2.9M	—

Funding history

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersRate

Funding earned: $45.12
Slippage, 4 orders: −$63.64
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.52
Break-even: 13.0 days

Slippage from Binance: live order book, 14 min ago; BingX: live order book, 10 min ago.

Price risk

price view

Price gap now: −0.087%
Avg gap 7d: +0.063%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Binance live order book, 14 min ago	1.00 bp	17.0 bp −$17	83.3 bp −$833	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.13 bp	21.8 bp −$22	78.1 bp −$781	508.0 bp −$50.8K	977.9 bp −$489.0K

PHA on 10 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PHAUSDT	−0.0620%	4h	$19K	$607K	5x	as long as short
KuCoin PHAUSDTM	−0.0394%	4h	$548K	$3.1M	30x	as long as short
Gate PHA_USDT	−0.0150%	4h	$495K	$3.4M	25x	as long as short
BloFin PHA-USDT	−0.0131%	4h	$378K	$486K	50x	as long as short
Binance PHAUSDTlong	−0.0115%	4h	$5.4M	$149.5M	50x
MEXC PHA_USDT	−0.0110%	4h	$1.7M	$7.4M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$2.1M	$18.6M	20x	as long as short
Bitget PHAUSDT	+0.0100%	4h	$1.4M	$17.3M	50x	as long as short
BingX PHA-USDTshort	+0.0100%	4h	—	$2.9M	—
Variational Omni PHA	+0.0100%	4h	$151K	$337K	—	as long as short