PHA

Alert

Funding spread now, next payment 20:00 UTC−0.0302%/8h

next payment, per $10,000−$1.51paid, last 24h+0.047%paid, last 7 days+0.098%to open and close $10k−$110

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 −$1.51 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	0.04898	−0.0142	get 0.0071% / 4h	2h 57m	$1.7M	$7.7M	50x
Short	KuCoin PHAUSDTM	0.04890	−0.0444	pay 0.0222% / 4h	2h 57m	$449K	$3.5M	30x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee KuCoinbpOrdersRate

Funding earned: −$63.42
Slippage, 4 orders: −$94.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$173.57
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.163%
Avg gap 7d: +0.077%

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, 2 min ago	2.04 bp	8.0 bp −$8	44.9 bp −$449	93.8 bp −$9,378	314.9 bp −$157.5K
Sell KuCoin live order book, 6 min ago	16.33 bp	34.6 bp −$35	205.6 bp −$2,056	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	−0.0615%	4h	$9K	$639K	5x	as long as short
KuCoin PHAUSDTMshort	−0.0444%	4h	$449K	$3.5M	30x
Gate PHA_USDT	−0.0246%	4h	$534K	$4.1M	25x	as long as short
BloFin PHA-USDT	−0.0203%	4h	$368K	$539K	50x	as long as short
Binance PHAUSDT	−0.0149%	4h	$5.2M	$159.3M	50x	as long as short
MEXC PHA_USDTlong	−0.0142%	4h	$1.7M	$7.7M	50x
Bybit PHAUSDT	+0.0100%	4h	$1.8M	$19.9M	20x	as long as short
Bitget PHAUSDT	+0.0100%	4h	$1.4M	$18.3M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	—	$3.0M	—	as long as short
Variational Omni PHA	+0.0100%	4h	$155K	$339K	—	as long as short