Funding you earn now, next payment 00:00 UTC−0.1418%/8h= −155.3% APRnext payment −$7.09 per $10,000 · paid last 24h −0.145%
Price spread now: Aster against Bybit−0.392%7-day average +0.045% · 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−$282as in the Price arb table
costs, in and out, $10k−$2382.383% of the position
Funding, last 5 days (all we have)−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.392%, 7d avg +0.045%
=Together, before fees+0.174%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Aster is 0.437% cheaper against Bybit than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
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 −$7.09 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 | Bybit PHAUSDT | 0.05082 | 0.0100 | pay 0.0050% / 4h | 2h 47m | $2.0M | $22.4M | 20x |
| Short | Aster PHAUSDT | 0.05062 | −0.1318 | pay 0.0659% / 4h | 2h 47m | $7K | $752K | 5x |
Bybit PHAUSDT
Aster PHAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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
- −$297.8
- Price spread: −0.392% → +0.045%
- −$43.74
- Slippage, 4 orders
- −$219.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$579.85
- Costs to cover
- 2.383%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 40 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 Bybit live order book, 1 min ago | 6.89 bp | 78.0 bp −$78 | 402.6 bp −$4,026 | doesn't fit | doesn't fit |
| Sell Aster live order book, 40 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 | −0.1318% | 4h | 0.05062 | −0.392% | $7K | $752K | 5x | |
| BloFin PHA-USDT | −0.0888% | 4h | 0.05065 | −0.335% | $359K | $638K | 50x | as long as short |
| MEXC PHA_USDT | −0.0880% | 4h | 0.05070 | −0.236% | $1.9M | $8.4M | 50x | as long as short |
| Binance PHAUSDT | −0.0865% | 4h | 0.05079 | −0.051% | $5.4M | $182.4M | 50x | as long as short |
| KuCoin PHAUSDTM | −0.0792% | 4h | 0.05061 | −0.413% | $449K | $3.9M | 30x | as long as short |
| Bitget PHAUSDT | −0.0124% | 4h | 0.05082 | 0.000% | $1.5M | $19.9M | 50x | as long as short |
| Variational Omni PHA | +0.0036% | 4h | 0.05060 | −0.442% | $169K | $389K | — | as long as short |
| Bybit PHAUSDTlong | +0.0100% | 4h | 0.05082 | long leg | $2.0M | $22.4M | 20x | |
| Gate PHA_USDT | +0.0100% | 4h | 0.05066 | −0.315% | $361K | $4.7M | 25x | as long as short |
| BingX PHA-USDT | +0.0100% | 4h | 0.05065 | −0.335% | — | $3.3M | — | as long as short |
BloFin PHA-USDT
MEXC PHA_USDT
Binance PHAUSDT
KuCoin PHAUSDTM
Bitget PHAUSDT
Variational Omni PHA
Gate PHA_USDT
BingX PHA-USDT