PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.59 per $10,000 · paid last 24h −0.012%

Price spread now: Variational Omni against Bitget+0.031%7-day average −0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.031%, 7d avg −0.010%

Together, before fees−0.169%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Variational Omni is 0.042% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PHAUSDT	0.05034	−0.0160	get 0.0080% / 4h	2h 57m	$1.5M	$19.9M	50x
Short	Variational Omni PHA	0.05036	−0.0041	pay 0.0021% / 4h	2h 57m	$158K	$379K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.031%Rate

Funding earned: $24.92
Price spread: +0.031% → −0.010%: $4.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $17.07
Costs to cover: 0.120%
Break-even: 2.2 days

Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 31 min ago. Net counts fees only.

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, 1 min ago	8.96 bp	35.7 bp −$36	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	6.81 bp	doesn't fit	294.9 bp −$2,949	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 PHAUSDT	−0.1423%	4h	0.05030	−0.071%	$7K	$751K	5x	as long as short
Binance PHAUSDT	−0.0964%	4h	0.05027	−0.134%	$5.4M	$182.1M	50x	as long as short
MEXC PHA_USDT	−0.0964%	4h	0.05036	+0.040%	$1.8M	$8.4M	50x	as long as short
BloFin PHA-USDT	−0.0946%	4h	0.05039	+0.099%	$361K	$633K	50x	as long as short
KuCoin PHAUSDTM	−0.0874%	4h	0.05034	0.000%	$443K	$3.9M	30x	as long as short
Bitget PHAUSDTlong	−0.0160%	4h	0.05034	long leg	$1.5M	$19.9M	50x
Variational Omni PHAshort	−0.0041%	4h	0.05036	+0.031%	$158K	$379K	—
Bybit PHAUSDT	+0.0100%	4h	0.05036	+0.040%	$2.0M	$22.3M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05038	+0.079%	$358K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05035	+0.020%	—	$3.3M	—	as long as short