PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1523%/8h= +166.7% APRnext payment +$7.61 per $10,000 · paid last 24h +0.145%

Price spread now: Bybit against Aster−0.015%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2362.358% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.188%+$19 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.015%, 7d avg −0.046%

Together, before fees+0.238%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Bybit is 0.031% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.046%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.188% in total (about 13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.61 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	Aster PHAUSDT	0.05037	−0.1423	get 0.0711% / 4h	2h 57m	$7K	$751K	5x
Short	Bybit PHAUSDT	0.05036	0.0100	get 0.0050% / 4h	2h 57m	$2.0M	$22.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AsterbpFee BybitbpOrdersPrice spread, now −0.015%Rate

Funding earned: $319.78
Price spread: −0.015% → −0.046%: $3.05
Slippage, 4 orders: −$216.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $86.98
Costs to cover: 2.358%
Break-even: 5.1 days

Slippage from Aster: live order book, 30 min ago; Bybit: live order book, 1 min ago.

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 Aster live order book, 30 min ago	7.89 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.98 bp	77.6 bp −$78	270.5 bp −$2,705	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 PHAUSDTlong	−0.1423%	4h	0.05037	long leg	$7K	$751K	5x
Binance PHAUSDT	−0.0964%	4h	0.05033	−0.069%	$5.4M	$182.1M	50x	as long as short
MEXC PHA_USDT	−0.0964%	4h	0.05029	−0.154%	$1.8M	$8.4M	50x	as long as short
BloFin PHA-USDT	−0.0946%	4h	0.05039	+0.044%	$361K	$633K	50x	as long as short
KuCoin PHAUSDTM	−0.0874%	4h	0.05034	−0.055%	$443K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0160%	4h	0.05044	+0.144%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHA	−0.0041%	4h	0.05036	−0.024%	$158K	$379K	—	as long as short
Bybit PHAUSDTshort	+0.0100%	4h	0.05036	−0.015%	$2.0M	$22.3M	20x
Gate PHA_USDT	+0.0100%	4h	0.05035	−0.035%	$358K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05038	+0.024%	—	$3.3M	—	as long as short