PHA

Alert

Funding spread now, next payment 20:00 UTC+0.0500%/8h

next payment, per $10,000+$2.50paid, last 24h+0.012%paid, last 3 days−0.108%to open and closeno order book

Long on KuCoin Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.108% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.50 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	0.04987	−0.0400	get 0.0200% / 4h	1h 32m	$519K	$3.6M	30x
Short	Variational Omni PHA	0.04981	0.0100	get 0.0050% / 4h	1h 32m	$156K	$341K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersRate

Funding earned: $105
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $93
Break-even: 0.8 days

Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.117%
Avg gap 7d: −0.131%

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, 2 min ago	8.03 bp	30.4 bp −$30	604.4 bp −$6,044	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	8.03 bp	doesn't fit	395.6 bp −$3,956	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	−0.0645%	4h	$7K	$663K	5x	as long as short
KuCoin PHAUSDTMlong	−0.0400%	4h	$519K	$3.6M	30x
BloFin PHA-USDT	−0.0205%	4h	$370K	$544K	50x	as long as short
Binance PHAUSDT	−0.0174%	4h	$5.3M	$164.8M	50x	as long as short
MEXC PHA_USDT	−0.0162%	4h	$1.8M	$7.9M	50x	as long as short
Gate PHA_USDT	−0.0118%	4h	$495K	$4.2M	25x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$2.1M	$20.7M	20x	as long as short
Bitget PHAUSDT	+0.0100%	4h	$1.4M	$18.8M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	—	$3.1M	—	as long as short
Variational Omni PHAshort	+0.0100%	4h	$156K	$341K	—