PHA

Alert

Funding spread now, next payment 20:00 UTC+0.0236%/8h

next payment, per $10,000+$1.18paid, last 24h+0.061%paid, last 7 days+0.065%to open and close $10k−$96

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.18 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	0.04974	−0.0136	get 0.0068% / 4h	2h 41m	$5.2M	$160.9M	50x
Short	Bitget PHAUSDT	0.04984	0.0100	get 0.0050% / 4h	2h 41m	$1.4M	$18.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersRate

Funding earned: $49.63
Slippage, 4 orders: −$74.06
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.42
Break-even: 13.5 days

Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.201%
Avg gap 7d: −0.021%

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, 3 min ago	2.01 bp	16.9 bp −$17	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.04 bp	28.7 bp −$29	103.6 bp −$1,036	doesn't fit	doesn't fit

PHA on 10 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PHAUSDT	−0.0584%	4h	$7K	$645K	5x	as long as short
KuCoin PHAUSDTM	−0.0418%	4h	$457K	$3.5M	30x	as long as short
Binance PHAUSDTlong	−0.0136%	4h	$5.2M	$160.9M	50x
MEXC PHA_USDT	−0.0136%	4h	$1.8M	$7.8M	50x	as long as short
BloFin PHA-USDT	−0.0109%	4h	$366K	$551K	50x	as long as short
Gate PHA_USDT	−0.0018%	4h	$534K	$4.2M	25x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$1.9M	$20.1M	20x	as long as short
Bitget PHAUSDTshort	+0.0100%	4h	$1.4M	$18.5M	50x
BingX PHA-USDT	+0.0100%	4h	—	$3.0M	—	as long as short
Variational Omni PHA	+0.0100%	4h	$156K	$339K	—	as long as short