PHA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.52 per $10,000 · paid last 24h −0.083%

Price spread now: Bybit against Variational Omni+0.326%7-day average +0.170% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.258%−$26 on $10k

Price spread, last 3 days (all we have)−0.135%−$13 · spread now +0.326%, 7d avg +0.170%

Together, before fees−0.392%+ Points / potential airdropVariational Omni: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.157% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.170%. Mind the row above: over the last 3 days funding on this pair cost −0.258%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PHA	0.05064	−0.0004	get 0.0002% / 4h	2h 52m	$158K	$380K	—
Short	Bybit PHAUSDT	0.05081	0.0100	get 0.0050% / 4h	2h 52m	$2.0M	$22.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.326%Rate

Funding earned: $21.78
Price spread: +0.326% → +0.170%: $15.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $26.43
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Bybit: live order book, 1 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, 36 min ago	6.81 bp	doesn't fit	423.4 bp −$4,234	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.87 bp	89.7 bp −$90	254.6 bp −$2,546	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	−0.1357%	4h	0.05081	+0.328%	$7K	$752K	5x	as long as short
BloFin PHA-USDT	−0.0969%	4h	0.05074	+0.188%	$359K	$639K	50x	as long as short
MEXC PHA_USDT	−0.0920%	4h	0.05085	+0.405%	$1.8M	$8.4M	50x	as long as short
Binance PHAUSDT	−0.0906%	4h	0.05083	+0.362%	$5.4M	$182.3M	50x	as long as short
KuCoin PHAUSDTM	−0.0826%	4h	0.05080	+0.307%	$446K	$3.9M	30x	as long as short
Bitget PHAUSDT	−0.0140%	4h	0.05076	+0.228%	$1.5M	$19.9M	50x	as long as short
Variational Omni PHAlong	−0.0004%	4h	0.05064	long leg	$158K	$380K	—
Bybit PHAUSDTshort	+0.0100%	4h	0.05081	+0.326%	$2.0M	$22.3M	20x
Gate PHA_USDT	+0.0100%	4h	0.05087	+0.445%	$363K	$4.7M	25x	as long as short
BingX PHA-USDT	+0.0100%	4h	0.05089	+0.484%	—	$3.3M	—	as long as short