PHA

Alert

Funding spread now, next payment 20:00 UTC+0.0266%/8h

next payment, per $10,000+$1.33paid, last 24h+0.068%paid, last 7 days+0.098%to open and close $10k−$87

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 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	BloFin PHA-USDT	0.05017	−0.0166	get 0.0083% / 4h	1h 44m	$371K	$545K	50x
Short	BingX PHA-USDT	0.05047	0.0100	get 0.0050% / 4h	1h 44m	—	$3.0M	—

Funding history

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BingXbpOrdersRate

Funding earned: $55.89
Slippage, 4 orders: −$64.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.93
Break-even: 10.9 days

Slippage from BloFin: live order book, 39 min ago; BingX: live order book, 12 min ago.

Price risk

price view

Price gap now: +0.598%
Avg gap 7d: +0.051%

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 BloFin live order book, 39 min ago	8.10 bp	21.3 bp −$21	82.1 bp −$821	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	6.00 bp	25.4 bp −$25	124.1 bp −$1,241	438.2 bp −$43.8K	864.5 bp −$432.2K

PHA on 10 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PHAUSDT	−0.0590%	4h	$8K	$658K	5x	as long as short
KuCoin PHAUSDTM	−0.0376%	4h	$469K	$3.5M	30x	as long as short
BloFin PHA-USDTlong	−0.0166%	4h	$371K	$545K	50x
Binance PHAUSDT	−0.0135%	4h	$5.3M	$163.8M	50x	as long as short
MEXC PHA_USDT	−0.0134%	4h	$1.8M	$7.9M	50x	as long as short
Gate PHA_USDT	−0.0028%	4h	$507K	$4.2M	25x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$2.1M	$20.6M	20x	as long as short
Bitget PHAUSDT	+0.0100%	4h	$1.4M	$18.7M	50x	as long as short
BingX PHA-USDTshort	+0.0100%	4h	—	$3.0M	—
Variational Omni PHA	+0.0100%	4h	$157K	$341K	—	as long as short