PHA funding rates and arbitrage
PHA perpetuals trade on 10 contracts across 10 venues, forming 45 cross-venue arbitrage pairs. By net APR the current best pair is long Binance against short BingX, netting +16.87%, with both legs settling on the same cadence。
PHA perpetual funding rates by venue
APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| LBank | PHAUSDT | USDT | 4h | -0.0027% | -5.92% | +5.44% | $12.8M | 0.05071 |
| Binance | PHAUSDT | USDT | 4h | -0.0027% | -5.92% | +5.44% | $7.1M | 0.05071 |
| BingX | PHA-USDT | USDT | 4h | 0.0050% | +10.95% | +10.95% | $1.4M | 0.05075 |
| Bitget | PHAUSDT | USDT | 4h | 0.0050% | +10.95% | +10.95% | $1.0M | 0.05071 |
| MEXC | PHA_USDT | USDT | 4h | -0.0027% | -5.91% | +5.51% | $714K | 0.05071 |
| WhiteBIT | PHA_PERP | USDT | 4h | 0.0050% | +10.95% | +10.95% | $654K | 0.05096 |
| Bybit | PHAUSDT | USDT | 4h | 0.0050% | +10.95% | +10.81% | $599K | 0.05080 |
| Gate | PHA_USDT | USDT | 4h | -0.0027% | -5.91% | +6.39% | $88K | 0.05078 |
| Aster | PHAUSDT | USDT | 4h | -0.0008% | -1.77% | +7.78% | $82K | 0.05079 |
| KuCoin | PHAUSDTM | USDT | 4h | 0.0050% | +10.95% | +10.95% | $54K | 0.05079 |
PHA cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| Binance USDT | BingX USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $1.4M |
| Binance USDT | Bitget USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $1.0M |
| Binance USDT | Bybit USDT | +16.87% | 0.0462% | +5.37% | 4h matched | $599K |
| Binance USDT | KuCoin USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $54K |
| Binance USDT | WhiteBIT USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $654K |
| LBank USDT | BingX USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $1.4M |
| LBank USDT | Bitget USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $1.0M |
| LBank USDT | Bybit USDT | +16.87% | 0.0462% | +5.37% | 4h matched | $599K |
| LBank USDT | KuCoin USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $54K |
| LBank USDT | WhiteBIT USDT | +16.87% | 0.0462% | +5.51% | 4h matched | $654K |
| Gate USDT | BingX USDT | +16.86% | 0.0462% | +4.56% | 4h matched | $88K |
| MEXC USDT | BingX USDT | +16.86% | 0.0462% | +5.44% | 4h matched | $714K |
PHALA project profile
- Total
- 1.00B
- Max supply
- 1.00B
- Type
- Token
- Market cap rank
- #494
0x6c5ba91642f10282b576d91922ae6448c9d52f4e0x0033271716eec64234a5324506c4558de27b7c23c42f3e3b74801f98bdfeebf7About
What Is Phala Network (PHA)? Phala Network (https://phala.network/) is the Execution Layer for Web3 AI, enabling AI to interact with blockchains and unlocking Web3 for the first billion users. Phala’s multi-proof system solves the AI execution problem, allowing you to build tamper-proof and unstoppable AI Agents that integrate with smart contracts through the AI-Agent Contract. 1. Agentize Smart Contracts: Develop AI Agents for smart contracts using natural and programming languages. 2. Connect to Multi-Agents: Make your agents accessible to other cross-chain AI Agents. 3. Launch AI Agents and Earn: Own your agents and build a profitable token economy. PHALA as the AI Execution Layer: Phala leverages AI Agents to interface with blockchain technology, ensuring behavior aligns with intentions and preventing fraud. Using Phala's Blockchain-TEE hybrid system, AI Agents can act like smart contracts with decentralized hosting, governance by smart contracts, protected prompts, and low latency with no gas fees. Phala Network’s AI Ecosystem: Phala leads Web3 and AI integration with: 1. AI Agent Contract (https://docs.phala.network/ai-agent-contract/getting-started): For building decentraliz
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