PHA

Alert

Funding spread now, next payment 16:00 UTC−0.0194%/8h

next payment, per $10,000−$0.97paid, last 24h−0.061%paid, last 7 days−0.089%to open and close $10k−$93

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 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	BingX PHA-USDT	0.04943	0.0100	pay 0.0050% / 4h	14m 02s	—	$2.9M	—
Short	BloFin PHA-USDT	0.04975	−0.0094	pay 0.0047% / 4h	14m 02s	$374K	$489K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersRate

Funding earned: −$40.83
Slippage, 4 orders: −$71.12
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$133.94
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 20 min ago.

Price risk

price view

Price gap now: +0.647%
Avg gap 7d: −0.044%

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 BingX live order book, 12 min ago	6.13 bp	24.1 bp −$24	85.0 bp −$850	555.0 bp −$55.5K	doesn't fit
Sell BloFin live order book, 20 min ago	6.97 bp	22.1 bp −$22	85.1 bp −$851	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	−0.0621%	4h	$19K	$607K	5x	as long as short
KuCoin PHAUSDTM	−0.0406%	4h	$546K	$3.1M	30x	as long as short
Gate PHA_USDT	−0.0188%	4h	$477K	$3.4M	25x	as long as short
Binance PHAUSDT	−0.0101%	4h	$5.3M	$150.0M	50x	as long as short
MEXC PHA_USDT	−0.0100%	4h	$1.7M	$7.4M	50x	as long as short
BloFin PHA-USDTshort	−0.0094%	4h	$374K	$489K	50x
Bybit PHAUSDT	+0.0100%	4h	$2.0M	$18.7M	20x	as long as short
Bitget PHAUSDT	+0.0100%	4h	$1.4M	$17.3M	50x	as long as short
BingX PHA-USDTlong	+0.0100%	4h	—	$2.9M	—
Variational Omni PHA	+0.0100%	4h	$157K	$337K	—	as long as short