PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0885%/8h= −96.9% APRnext payment −$4.43 per $10,000 · paid last 24h −0.094%

Price spread now: Binance against Variational Omni+0.247%7-day average +0.032% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.114%−$11 on $10k

Price spread, last 3 days (all we have)−0.391%−$39 · spread now +0.247%, 7d avg +0.032%

Together, before fees−0.505%+ Points / potential airdropVariational Omni: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.215% dearer against Variational Omni than usual: you sell high and buy low (spread +0.247% now, against its 7-day average of +0.032%): +$21 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.114% in total) that is about 6.1 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.114% in total (about -12.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.43 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	Variational Omni PHA	0.05060	0.0036	pay 0.0018% / 4h	2h 47m	$169K	$389K	—
Short	Binance PHAUSDT	0.05072	−0.0849	pay 0.0425% / 4h	2h 47m	$5.4M	$182.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.247%Rate

Funding earned: −$185.86
Price spread: +0.247% → +0.032%: $21.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$174.41
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 41 min ago; Binance: live order book, 11 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 Variational Omni RFQ quote, 41 min ago	6.81 bp	doesn't fit	423.4 bp −$4,234	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.99 bp	19.2 bp −$19	91.9 bp −$919	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	−0.1318%	4h	0.05062	+0.052%	$7K	$752K	5x	as long as short
BloFin PHA-USDT	−0.0888%	4h	0.05065	+0.108%	$359K	$638K	50x	as long as short
MEXC PHA_USDT	−0.0864%	4h	0.05076	+0.326%	$1.9M	$8.4M	50x	as long as short
Binance PHAUSDTshort	−0.0849%	4h	0.05072	+0.247%	$5.4M	$182.4M	50x
KuCoin PHAUSDTM	−0.0782%	4h	0.05070	+0.207%	$450K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0118%	4h	0.05074	+0.286%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHAlong	+0.0036%	4h	0.05060	long leg	$169K	$389K	—
Bybit PHAUSDT	+0.0100%	4h	0.05077	+0.345%	$2.0M	$22.4M	20x	as long as short
Gate PHA_USDT	+0.0100%	4h	0.05061	+0.029%	$360K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05065	+0.108%	—	$3.3M	—	as long as short