PHA funding rates and arbitrage
Updated 2026-11-11 22:57 UTC
Best PHA arbitrage after every cost
No PHA pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PHA funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Bybit | PHAUSDT | 0.0050% | 4 h | +10.9% | +12.9% | $1.1M | 2026-11-12 00:00 |
| KuCoin | PHAUSDTM | 0.0050% | 4 h | +10.9% | +11.2% | $283.1K | 2026-11-12 00:00 |
| WhiteBIT | PHA_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $554.2K | 2026-11-12 00:00 |
| Bitget | PHAUSDT | 0.0050% | 4 h | +10.9% | +10.7% | $734K | 2026-11-12 00:00 |
| BingX | PHA-USDT | 0.0050% | 4 h | +10.9% | +12.8% | $447.6K | 2026-11-12 00:00 |
| Variational | PHA-PERP | 0.0050% | 4 h | +10.9% | +11.9% | $65.6K | 2026-11-12 00:00 |
| BloFin | PHA-USDT | -0.0099% | 4 h | −21.7% | +9.5% | $175.3K | 2026-11-12 00:00 |
| MEXC | PHA_USDT | -0.0121% | 4 h | −26.5% | +10.1% | $726.1K | 2026-11-12 00:00 |
| LBank | PHAUSDT | -0.0121% | 4 h | −26.6% | +4.7% | — | 2026-11-12 00:00 |
| Binance | PHAUSDT | -0.0121% | 4 h | −26.6% | +10.2% | $3M | 2026-11-12 00:00 |
| Aster | PHAUSDT | -0.0248% | 4 h | −54.3% | +10.6% | $82.5K | 2026-11-12 00:00 |
| Gate | PHA_USDT | -0.0320% | 4 h | −70.1% | +7.8% | $72.1K | 2026-11-12 00:00 |
Borrow PHA to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 5.83% | $30K |
| Binance | 50.75% | — |
Cost to enter $10,000 of PHA
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | PHA_USDT | 6.5 bp | top of book only |
| BloFin | PHA-USDT | 7.5 bp | top of book only |
| Variational | PHA-PERP | 9.0 bp | top of book only |
| BingX | PHA-USDT | 9.5 bp | top of book only |
| Binance | PHAUSDT | 9.5 bp | top of book only |
| Bybit | PHAUSDT | 10.0 bp | top of book only |
| Bitget | PHAUSDT | 10.5 bp | top of book only |
| Aster | PHAUSDT | 11.5 bp | top of book only |
| KuCoin | PHAUSDTM | 12.0 bp | top of book only |
| Gate | PHA_USDT | 15.0 bp | top of book only |
| Bitget | PHAUSDT (spot) | 16.0 bp | top of book only |
| OKX | PHA-USDT (spot) | 17.5 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on PHA
Questions
Is PHA funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PHA pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PHA funding rate?
Bybit at +10.9% a year (0.0050% every 4 h); the lowest is Gate at −70.1%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.