PHA

Alert

Funding spread now, next payment 16:00 UTC−0.0004%/8h

next payment, per $10,000−$0.02paid, last 24h−0.050%paid, last 3 days+0.026%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PHA	0.05473	0.0100	pay 0.0050% / 4h	58m 33s	$174K	$321K	—
Short	MEXC PHA_USDT	0.05418	0.0096	get 0.0048% / 4h	58m 33s	$1.8M	$6.8M	50x

Funding history

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latest

Position, each leg$Hold fordaysFee Variational OmnibpFee MEXCbpOrdersRate

Slippage unknown: Variational Omni: RFQ quote, 57 min ago; MEXC: live order book, 1 min ago. Net counts fees only.

A gap far from its average can cost days of funding.

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

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, 57 min ago	10.12 bp	doesn't fit	246.2 bp −$2,462	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.74 bp	10.7 bp −$11	69.3 bp −$693	146.8 bp −$14.7K	260.5 bp −$130.3K

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin PHAUSDTM	−0.0416%	4h	$659K	$2.5M	30x	as long as short
Aster PHAUSDT	−0.0375%	4h	$22K	$512K	5x	as long as short
Gate PHA_USDT	−0.0130%	4h	$417K	$2.9M	25x	as long as short
Bitget PHAUSDT	+0.0070%	4h	$1.5M	$15.3M	50x	as long as short
MEXC PHA_USDTshort	+0.0096%	4h	$1.8M	$6.8M	50x
Binance PHAUSDT	+0.0097%	4h	$6.2M	$133.6M	50x	as long as short
Bybit PHAUSDT	+0.0100%	4h	$2.3M	$16.8M	20x	as long as short
BingX PHA-USDT	+0.0100%	4h	—	$2.7M	—	as long as short
Variational Omni PHAlong	+0.0100%	4h	$174K	$321K	—
BloFin PHA-USDT	+0.0104%	4h	$417K	$491K	50x	as long as short