Funding you earn now, next payment 00:00 UTC−0.0450%/8h= −49.3% APRnext payment −$2.25 per $10,000 · paid last 24h −0.134%
Price spread now: Aster against Binance+0.247%7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 5 days (all we have)−0.548%−$55 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.247%, 7d avg +0.184%
=Together, before fees−0.547%+ Points / potential airdropAster: Stage 5 · farm board−$55 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.063% dearer against Binance than usual: you sell high and buy low (spread +0.247% now, against its 7-day average of +0.184%): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PHAUSDT | 0.05082 | −0.0921 | get 0.0460% / 4h | 2h 53m | $5.4M | $182.3M | 50x |
| Short | Aster PHAUSDT | 0.05095 | −0.1371 | pay 0.0685% / 4h | 2h 53m | $8K | $752K | 5x |
Binance PHAUSDT
Aster PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$94.54
- Price spread: +0.247% → +0.184%
- $6.26
- Slippage, 4 orders
- −$91.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$197.48
- Costs to cover
- 1.092%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Aster: live order book, 34 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 Binance live order book, 5 min ago | 1.99 bp | 23.9 bp −$24 | 123.3 bp −$1,233 | doesn't fit | doesn't fit |
| Sell Aster live order book, 34 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 | −0.1371% | 4h | 0.05095 | +0.247% | $8K | $752K | 5x | |
| BloFin PHA-USDT | −0.0969% | 4h | 0.05074 | −0.157% | $359K | $639K | 50x | as long as short |
| Binance PHAUSDTlong | −0.0921% | 4h | 0.05082 | long leg | $5.4M | $182.3M | 50x | |
| MEXC PHA_USDT | −0.0920% | 4h | 0.05078 | −0.079% | $1.8M | $8.4M | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0828% | 4h | 0.05084 | +0.039% | $447K | $3.9M | 30x | as long as short |
| Bitget PHAUSDT | −0.0144% | 4h | 0.05081 | −0.020% | $1.5M | $19.9M | 50x | as long as short |
| Variational Omni PHA | −0.0004% | 4h | 0.05064 | −0.345% | $158K | $380K | — | as long as short |
| Bybit PHAUSDT | +0.0100% | 4h | 0.05083 | +0.020% | $2.0M | $22.3M | 20x | as long as short |
| Gate PHA_USDT | +0.0100% | 4h | 0.05086 | +0.079% | $363K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05085 | +0.059% | — | $3.3M | — | as long as short |
BloFin PHA-USDT
MEXC PHA_USDT
KuCoin PHAUSDTM
Bitget PHAUSDT
Variational Omni PHA
Bybit PHAUSDT
Gate PHA_USDT
BingX PHA-USDT