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

PHA

all PHA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0756%/8h= +82.8% APRnext payment +$3.78 per $10,000 · paid last 24h +0.093%
Price spread now: Variational Omni against MEXC−0.034%7-day average −0.036% · 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)+0.113%+$11 on $10k
Price spread, last 3 days (all we have)+0.186%+$19 · spread now −0.034%, 7d avg −0.036%
Together, before fees+0.298%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.113% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PHA_USDT0.05008−0.0656get 0.0328% / 4h2h 25m$1.7M$8.5M50x
ShortVariational Omni PHA0.050060.0100get 0.0050% / 4h2h 25m$167K$390K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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
$158.76
Price spread: −0.034% → −0.036%
$0.11
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$154.87
Costs to cover
0.040%
Break-even
0.2 days
Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 63 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 MEXC live order book, 2 min ago1.99 bp8.8 bp −$946.8 bp −$468103.8 bp −$10.4K290.1 bp −$145.0K
Sell Variational Omni RFQ quote, 63 min ago6.81 bpdoesn't fit294.9 bp −$2,949doesn'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 PHAUSDT−0.1055%4h0.05017+0.172%$9K$758K5xas long as short
BloFin PHA-USDT−0.0706%4h0.05038+0.599%$363K$636K50xas long as short
MEXC PHA_USDTlong−0.0656%4h0.05008long leg$1.7M$8.5M50x
Binance PHAUSDT−0.0642%4h0.05008−0.007%$5.3M$182.9M50xas long as short
KuCoin PHAUSDTM−0.0588%4h0.05018+0.200%$425K$3.9M30xas long as short
Bitget PHAUSDT−0.0024%4h0.05010+0.040%$1.5M$19.9M50xas long as short
Bybit PHAUSDT+0.0100%4h0.05015+0.140%$2.0M$22.4M20xas long as short
Gate PHA_USDT+0.0100%4h0.05018+0.200%$359K$4.7M25xas long as short
BingX PHA-USDT+0.0100%4h0.05016+0.160%$3.3Mas long as short
Variational Omni PHAshort+0.0100%4h0.05006−0.034%$167K$390K