PHA

Alert

Funding spread now, next payment 16:00 UTC+0.0392%/8h

next payment, per $10,000+$1.96paid, last 24h−0.061%paid, last 7 days−0.110%to open and close $10k−$141

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.96 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	KuCoin PHAUSDTM	0.05733	−0.0404	get 0.0202% / 4h	1h 41m	$740K	$2.3M	30x
Short	MEXC PHA_USDT	0.05740	−0.0012	pay 0.0006% / 4h	1h 41m	$1.9M	$6.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersRate

Funding earned: $82.32
Slippage, 4 orders: −$125.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$58.9
Break-even: 12.0 days

Slippage from KuCoin: live order book, 1 min ago; MEXC: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.122%
Avg gap 7d: −0.088%

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 KuCoin live order book, 1 min ago	24.33 bp	53.7 bp −$54	739.5 bp −$7,395	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.36 bp	8.9 bp −$9	81.2 bp −$812	151.6 bp −$15.2K	288.5 bp −$144.2K

PHA on 10 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PHAUSDT	−0.0471%	4h	$14K	$472K	5x	as long as short
Gate PHA_USDT	−0.0418%	4h	$440K	$2.8M	25x	as long as short
KuCoin PHAUSDTMlong	−0.0404%	4h	$740K	$2.3M	30x
Bitget PHAUSDT	−0.0114%	4h	$1.6M	$14.0M	50x	as long as short
MEXC PHA_USDTshort	−0.0012%	4h	$1.9M	$6.3M	50x
Binance PHAUSDT	−0.0006%	4h	$6.9M	$124.5M	50x	as long as short
BloFin PHA-USDT	+0.0031%	4h	$434K	$459K	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$2.4M	$15.8M	20x	as long as short
BingX PHA-USDT	+0.0100%	4h	—	$2.6M	—	as long as short
Variational Omni PHA	+0.0100%	4h	$184K	$291K	—	as long as short