Settings8H · net · $10k
Funding arb · Price arb /

PHA

all PHA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0945%/8hnext payment +$4.72 per $10,000 · paid last 24h +0.174%
Price spread now: Variational Omni against Aster−1.560%7-day average −0.232% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.562%+$56 on $10k
Price spread, last 3 days (all we have)+1.567%+$157 · spread now −1.560%, 7d avg −0.232%
Together, before fees+2.129%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$213 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 1.328% cheaper against Aster than usual: you would sell low and buy high (spread −1.560% now, against its 7-day average of −0.232%). If the spread goes back, that is −$133 on $10k: about 4.7 days of funding at the current rate (+$28 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PHAUSDT0.05339−0.0845get 0.0422% / 4h38m 32s$10K$709K5x
ShortVariational Omni PHA0.052560.0100get 0.0050% / 4h38m 32s$170K$357K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$198.41
Price spread: −1.560% → −0.232%
−$132.79
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$57.61
Costs to cover
0.080%
Break-even
5.0 days
Slippage unknown: Aster: live order book, 1 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago2.82 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago8.58 bpdoesn't fit298.4 bp −$2,984doesn't fitdoesn't fit

PHA on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PHAUSDTlong−0.0845%4h0.05339long leg$10K$709K5x
Binance PHAUSDT−0.0412%4h0.05350+0.209%$5.7M$169.9M50xas long as short
MEXC PHA_USDT−0.0386%4h0.05358+0.354%$1.8M$8.0M50xas long as short
BloFin PHA-USDT−0.0343%4h0.05306−0.620%$382K$617K50xas long as short
KuCoin PHAUSDTM−0.0342%4h0.05352+0.241%$472K$3.7M30xas long as short
Gate PHA_USDT−0.0210%4h0.05354+0.279%$434K$4.4M25xas long as short
Bybit PHAUSDT+0.0100%4h0.05366+0.503%$2.3M$21.3M20xas long as short
Bitget PHAUSDT+0.0100%4h0.05356+0.316%$1.5M$19.2M50xas long as short
BingX PHA-USDT+0.0100%4h0.05349+0.185%$3.1Mas long as short
Variational Omni PHAshort+0.0100%4h0.05256−1.560%$170K$357K