PHA

Alert

Funding spread now, next payment 20:00 UTC+0.0250%/8h

next payment, per $10,000+$1.25paid, last 24h+0.059%paid, last 7 days+0.065%to open and close $10k−$73

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.25 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	0.05018	−0.0150	get 0.0075% / 4h	3h 29m	$1.8M	$7.7M	50x
Short	Bitget PHAUSDT	0.05023	0.0100	get 0.0050% / 4h	3h 29m	$1.5M	$18.1M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BitgetbpOrdersRate

Funding earned: $52.5
Slippage, 4 orders: −$57.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.57
Break-even: 9.7 days

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.100%
Avg gap 7d: −0.031%

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, 5 min ago	1.97 bp	6.7 bp −$7	41.3 bp −$413	93.7 bp −$9,367	221.7 bp −$110.8K
Sell Bitget live order book, 1 min ago	5.96 bp	33.0 bp −$33	91.8 bp −$918	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
Gate PHA_USDT	−0.0590%	4h	$553K	$4.1M	25x	as long as short
Aster PHAUSDT	−0.0560%	4h	$13K	$633K	5x	as long as short
KuCoin PHAUSDTM	−0.0376%	4h	$575K	$3.4M	30x	as long as short
BloFin PHA-USDT	−0.0172%	4h	$373K	$528K	50x	as long as short
Binance PHAUSDT	−0.0150%	4h	$5.3M	$156.6M	50x	as long as short
MEXC PHA_USDTlong	−0.0150%	4h	$1.8M	$7.7M	50x
Bybit PHAUSDT	+0.0052%	4h	$1.9M	$19.5M	20x	as long as short
Bitget PHAUSDTshort	+0.0100%	4h	$1.5M	$18.1M	50x
BingX PHA-USDT	+0.0100%	4h	—	$3.0M	—	as long as short
Variational Omni PHA	+0.0100%	4h	$158K	$337K	—	as long as short