Funding you earn now, next payment 00:00 UTC−0.1263%/8h= −138.3% APRnext payment −$6.31 per $10,000 · paid last 24h −0.240%
Price spread now: Aster against Bitget−0.255%7-day average +0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
Funding, last 5 days (all we have)−0.645%−$65 on $10k
+Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.255%, 7d avg +0.197%
=Together, before fees−0.424%+ Points / potential airdropAster: Stage 5 · farm board−$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Aster is 0.453% cheaper against Bitget than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.197%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.645% in total (about -45.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.31 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 | Bitget PHAUSDT | 0.05044 | −0.0160 | get 0.0080% / 4h | 2h 57m | $1.5M | $19.9M | 50x |
| Short | Aster PHAUSDT | 0.05031 | −0.1423 | pay 0.0711% / 4h | 2h 57m | $7K | $751K | 5x |
Bitget PHAUSDT
Aster PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$265.18
- Price spread: −0.255% → +0.197%
- −$45.29
- Slippage, 4 orders
- −$111.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$441.72
- Costs to cover
- 1.313%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 30 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 Bitget live order book, 1 min ago | 8.96 bp | 35.7 bp −$36 | 107.0 bp −$1,070 | doesn't fit | doesn't fit |
| Sell Aster live order book, 30 min ago | 7.89 bp | 30.7 bp −$31 | doesn't fit | 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 PHAUSDTshort | −0.1423% | 4h | 0.05031 | −0.255% | $7K | $751K | 5x | |
| Binance PHAUSDT | −0.0964% | 4h | 0.05047 | +0.059% | $5.4M | $182.1M | 50x | as long as short |
| MEXC PHA_USDT | −0.0964% | 4h | 0.05038 | −0.119% | $1.8M | $8.4M | 50x | as long as short |
| BloFin PHA-USDT | −0.0921% | 4h | 0.05046 | +0.040% | $363K | $635K | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0874% | 4h | 0.05040 | −0.079% | $442K | $3.9M | 30x | as long as short |
| Bitget PHAUSDTlong | −0.0160% | 4h | 0.05044 | long leg | $1.5M | $19.9M | 50x | |
| Variational Omni PHA | −0.0041% | 4h | 0.05036 | −0.167% | $158K | $379K | — | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05048 | +0.079% | $2.0M | $22.3M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05035 | −0.178% | $358K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05052 | +0.159% | — | $3.3M | — | as long as short |
Binance PHAUSDT
MEXC PHA_USDT
BloFin PHA-USDT
KuCoin PHAUSDTM
Variational Omni PHA
Bybit PHAUSDT
Gate PHA_USDT
BingX PHA-USDT