PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1353%/8h= −148.2% APRnext payment −$6.77 per $10,000 · paid last 24h −0.228%

Price spread now: Aster against Variational Omni+0.449%7-day average +0.216% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.361%−$36 on $10k

Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.449%, 7d avg +0.216%

Together, before fees−0.518%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.233% dearer against Variational Omni than usual: you sell high and buy low (spread +0.449% now, against its 7-day average of +0.216%): +$23 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.361% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.361% in total (about -41.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.77 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	Variational Omni PHA	0.05064	−0.0004	get 0.0002% / 4h	2h 52m	$158K	$380K	—
Short	Aster PHAUSDT	0.05087	−0.1357	pay 0.0678% / 4h	2h 52m	$8K	$752K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

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Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee AsterbpOrdersPrice spread, now +0.449%Rate

Funding earned: −$284.18
Price spread: +0.449% → +0.216%: $23.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$268.88
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Aster: live order book, 35 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 36 min ago	6.81 bp	doesn't fit	423.4 bp −$4,234	doesn't fit	doesn't fit
Sell Aster live order book, 35 min ago	7.89 bp	30.7 bp −$31	doesn't fit	doesn't fit	doesn't fit

PHA on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PHAUSDTshort	−0.1357%	4h	0.05087	+0.449%	$8K	$752K	5x
BloFin PHA-USDT	−0.0969%	4h	0.05074	+0.188%	$359K	$639K	50x	as long as short
MEXC PHA_USDT	−0.0920%	4h	0.05080	+0.307%	$1.8M	$8.4M	50x	as long as short
Binance PHAUSDT	−0.0906%	4h	0.05080	+0.297%	$5.4M	$182.3M	50x	as long as short
KuCoin PHAUSDTM	−0.0828%	4h	0.05083	+0.366%	$446K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0140%	4h	0.05079	+0.287%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHAlong	−0.0004%	4h	0.05064	long leg	$158K	$380K	—
Bybit PHAUSDT	+0.0100%	4h	0.05083	+0.366%	$2.0M	$22.3M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05086	+0.425%	$363K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05087	+0.445%	—	$3.3M	—	as long as short