Funding arb · Price arb /

PHA

all PHA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Variational Omni against Bitget+0.631%7-day average −0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.777%−$78 · spread now +0.631%, 7d avg −0.002%

Together, before fees−0.769%+ Points / potential airdropVariational Omni: Active · farm board−$77 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.634% dearer against Bitget than usual: you sell high and buy low, +$63 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PHAUSDT	0.05377	0.0100	pay 0.0050% / 4h	1h 15m	$1.6M	$21.1M	50x
Short	Variational Omni PHA	0.05411	0.0100	get 0.0050% / 4h	1h 15m	$174K	$404K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.631%Rate

Funding earned: $0
Price spread: +0.631% → −0.002%: $63.35
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $51.35
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 48 min ago. Net counts fees only.

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, 3 min ago	9.34 bp	59.1 bp −$59	182.2 bp −$1,822	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 48 min ago	9.99 bp	doesn't fit	345.5 bp −$3,455	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
KuCoin PHAUSDTM	+0.0076%	4h	0.05383	+0.112%	$477K	$4.3M	30x	as long as short
BloFin PHA-USDT	+0.0095%	4h	0.05289	−1.637%	$386K	$710K	50x	as long as short
Aster PHAUSDT	+0.0100%	4h	0.05379	+0.046%	$20K	$980K	5x	as long as short
Binance PHAUSDT	+0.0100%	4h	0.05379	+0.029%	$6.2M	$198.0M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.05380	+0.056%	$2.2M	$23.9M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05381	+0.074%	$394K	$5.0M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.05373	−0.074%	$1.8M	$8.8M	50x	as long as short
Bitget PHAUSDTlong	+0.0100%	4h	0.05377	long leg	$1.6M	$21.1M	50x
BingX PHA-USDT	+0.0100%	4h	0.05381	+0.074%	—	$3.5M	—	as long as short
Variational Omni PHAshort	+0.0100%	4h	0.05411	+0.631%	$174K	$404K	—