PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0944%/8h= −103.4% APRnext payment −$4.72 per $10,000 · paid last 24h −0.240%

Price spread now: Aster against Bitget−0.049%7-day average +0.194% · 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−$251as in the Price arb table

costs, in and out, $10k−$2272.268% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.645%−$65 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.049%, 7d avg +0.194%

Together, before fees−0.594%+ Points / potential airdropAster: Stage 5 · farm board−$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Aster is 0.243% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.194%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PHAUSDT	0.05024	0.0030	pay 0.0015% / 4h	2h 13m	$1.5M	$19.9M	50x
Short	Aster PHAUSDT	0.05022	−0.0914	pay 0.0457% / 4h	2h 13m	$10K	$759K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$198.32
Price spread: −0.049% → +0.194%: −$24.32
Slippage, 4 orders: −$206.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$449.48
Costs to cover: 2.268%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Aster: live order book, 10 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 Bitget live order book, 6 min ago	7.05 bp	33.1 bp −$33	100.1 bp −$1,001	doesn't fit	doesn't fit
Sell Aster live order book, 10 min ago	9.03 bp	85.3 bp −$85	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	−0.0914%	4h	0.05022	−0.049%	$10K	$759K	5x
BloFin PHA-USDT	−0.0552%	4h	0.05017	−0.139%	$355K	$635K	50x	as long as short
MEXC PHA_USDT	−0.0536%	4h	0.05025	+0.020%	$1.8M	$8.5M	50x	as long as short
Binance PHAUSDT	−0.0523%	4h	0.05023	−0.014%	$5.3M	$183.3M	50x	as long as short
KuCoin PHAUSDTM	−0.0488%	4h	0.05021	−0.060%	$425K	$3.9M	30x	as long as short
Bitget PHAUSDTlong	+0.0030%	4h	0.05024	long leg	$1.5M	$19.9M	50x
Bybit PHAUSDT	+0.0100%	4h	0.05028	+0.080%	$2.0M	$22.4M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05022	−0.040%	$375K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05027	+0.060%	—	$3.3M	—	as long as short
Variational Omni PHA	+0.0100%	4h	0.04998	−0.522%	$157K	$399K	—	as long as short