PHA funding rates and arbitrage
Updated 2026-10-29 16:11 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 |
|---|---|---|---|---|---|---|---|
| BingX | PHA-USDT | 0.0270% | 4 h | +59.1% | +5.9% | $1.1M | 2026-10-29 20:00 |
| KuCoin | PHAUSDTM | 0.0050% | 4 h | +10.9% | −19.1% | $441.6K | 2026-10-29 20:00 |
| MEXC | PHA_USDT | 0.0050% | 4 h | +10.9% | −32.5% | $1.5M | 2026-10-29 20:00 |
| WhiteBIT | PHA_PERP | 0.0050% | 4 h | +10.9% | +11.2% | $871.7K | 2026-10-29 20:00 |
| Bitget | PHAUSDT | 0.0050% | 4 h | +10.9% | −22.5% | $1.2M | 2026-10-29 20:00 |
| LBank | PHAUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 20:00 |
| Bybit | PHAUSDT | 0.0050% | 4 h | +10.9% | +5.5% | $1.9M | 2026-10-29 20:00 |
| Aster | PHAUSDT | 0.0050% | 4 h | +10.9% | −33.0% | $89.7K | 2026-10-29 20:00 |
| Variational | PHA-PERP | 0.0050% | 4 h | +10.9% | — | $225.8K | 2026-10-29 20:00 |
| Binance | PHAUSDT | 0.0050% | 4 h | +10.9% | −32.4% | $4.7M | 2026-10-29 20:00 |
| Gate | PHA_USDT | 0.0050% | 4 h | +10.9% | −17.2% | $203.3K | 2026-10-29 20:00 |
| BloFin | PHA-USDT | 0.0028% | 4 h | +6.0% | −32.6% | $260.8K | 2026-10-29 20:00 |
Borrow PHA to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 14.57% | $30K |
| Binance | 47.68% | — |
Cost to enter $10,000 of PHA
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | PHA_USDT | 13.2 bp | live order book |
| Binance | PHAUSDT | 20.8 bp | live order book |
| BingX | PHA-USDT | 24.1 bp | live order book |
| Bitget | PHAUSDT | 25.4 bp | live order book |
| Binance | PHAUSDT (spot) | 38.9 bp | live order book |
| Variational | PHA-PERP | 7.3 bp | top of book only |
| BloFin | PHA-USDT | 8.1 bp | top of book only |
| Gate | PHA_USDT | 9.6 bp | top of book only |
| Aster | PHAUSDT | 11.3 bp | top of book only |
| OKX | PHA-USDT (spot) | 18.3 bp | top of book only |
| Bitget | PHAUSDT (spot) | 19.4 bp | top of book only |
| KuCoin | PHAUSDTM | 19.5 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?
BingX at +59.1% a year (0.0270% every 4 h); the lowest is BloFin at +6.0%. 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.