PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h −0.093%

Price spread now: Aster against BloFin+0.223%62s7-day average +0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2232.231% of the position

Long on BloFin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.559%−$56 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.223%, 7d avg +0.152%

Together, before fees−0.837%+ Points / potential airdropAster: Stage 5 · farm board−$84 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.071% dearer against BloFin than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of +0.152%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 6 days (−0.559% in total) that is about 17 hours. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PHA-USDT	0.04538	0.0145	pay 0.0073% / 4h	3h 58m	$304K	$782K	50x
Short	Aster PHAUSDT	0.04548	0.0100	get 0.0050% / 4h	3h 58m	$16K	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee AsterbpOrdersPrice spread, now +0.223%Rate

Funding earned: −$9.53
Price spread: +0.223% → +0.152%: $7.11
Slippage, 4 orders: −$203.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$225.51
Costs to cover: 2.231%
Break-even: never at this rate

Slippage from BloFin: live order book, 18 min ago; Aster: live order book, 5 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 BloFin live order book, 18 min ago	3.28 bp	24.3 bp −$24	86.3 bp −$863	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	13.23 bp	115.4 bp −$115	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
Gate PHA_USDT	−0.0230%	4h	0.04544	+0.132%	$355K	$5.7M	25x	as long as short
KuCoin PHAUSDTM	−0.0036%	4h	0.04538	0.000%	$506K	$5.6M	30x	as long as short
Aster PHAUSDTshort	+0.0100%	4h	0.04548	+0.223%	$16K	$1.3M	5x
Binance PHAUSDT	+0.0100%	4h	0.04544	+0.137%	$4.7M	$225.1M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	0.04549	+0.242%	$1.8M	$26.6M	20x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04546	+0.176%	$1.5M	$9.5M	50x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04545	+0.154%	$1.4M	$24.6M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04544	+0.132%	—	$3.9M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04538	−0.002%	$165K	$421K	—	as long as short
BloFin PHA-USDTlong	+0.0145%	4h	0.04538	long leg	$304K	$782K	50x