Funding arb · Price arb /

PHA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.094%

Price spread now: Binance against Variational Omni−0.077%7-day average +0.029% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.114%−$11 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now −0.077%, 7d avg +0.029%

Together, before fees−0.207%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.105% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PHA	0.04993	0.0100	pay 0.0050% / 4h	3m 55s	$157K	$399K	—
Short	Binance PHAUSDT	0.04989	0.0100	get 0.0050% / 4h	3m 55s	$5.4M	$187.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

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 BinancebpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → +0.029%: −$10.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.51
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Binance: live order book, 9 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, 10 min ago	8.10 bp	doesn't fit	423.2 bp −$4,232	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.01 bp	15.9 bp −$16	79.2 bp −$792	541.6 bp −$54.2K	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 PHAUSDT	+0.0100%	4h	0.04990	−0.063%	$15K	$840K	5x	as long as short
Binance PHAUSDTshort	+0.0100%	4h	0.04989	−0.077%	$5.4M	$187.8M	50x
Bybit PHAUSDT	+0.0100%	4h	0.04993	+0.003%	$2.0M	$22.8M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.04992	−0.017%	$370K	$4.8M	25x	as long as short
MEXC PHA_USDT	+0.0100%	4h	0.04989	−0.077%	$1.8M	$8.6M	50x	as long as short
KuCoin PHAUSDTM	+0.0100%	4h	0.04992	−0.017%	$471K	$3.9M	30x	as long as short
Bitget PHAUSDT	+0.0100%	4h	0.04988	−0.097%	$1.5M	$20.2M	50x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.04993	+0.003%	—	$3.4M	—	as long as short
Variational Omni PHAlong	+0.0100%	4h	0.04993	long leg	$157K	$399K	—
BloFin PHA-USDT	+0.0123%	4h	0.04991	−0.037%	$347K	$647K	50x	as long as short