PHA

Alert

Funding spread now, next payment 20:00 UTC−0.0272%/8h

next payment, per $10,000−$1.36paid, last 24h−0.053%paid, last 7 days−0.049%to open and close $10k−$104

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 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	0.05084	0.0100	pay 0.0050% / 4h	3h 30m	$1.5M	$18.0M	50x
Short	BloFin PHA-USDT	0.05076	−0.0172	pay 0.0086% / 4h	3h 30m	$373K	$528K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersRate

Funding earned: −$57.15
Slippage, 4 orders: −$79.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$160.67
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 63 min ago.

Price risk

price view

Price gap now: −0.157%
Avg gap 7d: +0.066%

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 Bitget live order book, 4 min ago	7.94 bp	26.1 bp −$26	99.1 bp −$991	doesn't fit	doesn't fit
Sell BloFin live order book, 63 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	−0.0561%	4h	$12K	$633K	5x	as long as short
Gate PHA_USDT	−0.0390%	4h	$560K	$4.1M	25x	as long as short
KuCoin PHAUSDTM	−0.0360%	4h	$583K	$3.4M	30x	as long as short
BloFin PHA-USDTshort	−0.0172%	4h	$373K	$528K	50x
MEXC PHA_USDT	−0.0156%	4h	$1.8M	$7.7M	50x	as long as short
Binance PHAUSDT	−0.0154%	4h	$5.4M	$156.4M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$1.9M	$19.5M	20x	as long as short
Bitget PHAUSDTlong	+0.0100%	4h	$1.5M	$18.0M	50x
BingX PHA-USDT	+0.0100%	4h	—	$3.0M	—	as long as short
Variational Omni PHA	+0.0100%	4h	$157K	$337K	—	as long as short