PHA

Alert

Funding spread now, next payment 20:00 UTC+0.0236%/8h

next payment, per $10,000+$1.18paid, last 24h+0.074%paid, last 7 days+0.114%to open and close $10k−$56

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.18 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	MEXC PHA_USDT	0.04935	−0.0136	get 0.0068% / 4h	2h 33m	$1.8M	$7.8M	50x
Short	BingX PHA-USDT	0.04932	0.0100	get 0.0050% / 4h	2h 33m	—	$3.0M	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BingXbpOrdersRate

Funding earned: $49.56
Slippage, 4 orders: −$42.17
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.61
Break-even: 7.9 days

Slippage from MEXC: live order book, just now; BingX: live order book, 8 min ago.

Price risk

price view

Price gap now: −0.061%
Avg gap 7d: +0.067%

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 MEXC live order book, just now	3.05 bp	9.3 bp −$9	44.6 bp −$446	112.6 bp −$11.3K	317.6 bp −$158.8K
Sell BingX live order book, 8 min ago	4.01 bp	18.4 bp −$18	72.9 bp −$729	312.7 bp −$31.3K	874.8 bp −$437.4K

PHA on 10 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PHAUSDT	−0.0593%	4h	$7K	$647K	5x	as long as short
KuCoin PHAUSDTM	−0.0438%	4h	$452K	$3.5M	30x	as long as short
Binance PHAUSDT	−0.0141%	4h	$5.2M	$161.2M	50x	as long as short
BloFin PHA-USDT	−0.0139%	4h	$361K	$540K	50x	as long as short
MEXC PHA_USDTlong	−0.0136%	4h	$1.8M	$7.8M	50x
Gate PHA_USDT	−0.0084%	4h	$521K	$4.2M	25x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$1.9M	$20.1M	20x	as long as short
Bitget PHAUSDT	+0.0100%	4h	$1.4M	$18.5M	50x	as long as short
BingX PHA-USDTshort	+0.0100%	4h	—	$3.0M	—
Variational Omni PHA	+0.0100%	4h	$157K	$339K	—	as long as short