Funding you earn now, next payment 02:00 UTC+0.0442%/8h= +48.4% APRpaid last 24h +0.058%
Price spread now: Bybit against ApeX Omni0.000%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1031.029% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)−0.739%−$74 · spread now 0.000%, 7d avg +0.052%
=Funding pays, the price is against you. Bybit is 0.052% cheaper against ApeX Omni than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.052%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.332% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CHIPUSDT | 0.04654 | −0.0342 | get 0.0043% / 1h | 32m 59s | $16K | $250K | 50x |
| Short | Bybit CHIPUSDT | 0.04654 | 0.0100 | get 0.0050% / 4h | 2h 32m | $10.8M | $8.7M | 20x |
ApeX Omni CHIPUSDT
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $92.85
- Price spread: 0.000% → +0.052%
- −$5.23
- Slippage, 4 orders
- −$81.93
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.31
- Costs to cover
- 1.029%
- Break-even
- 8.2 days
Slippage from ApeX Omni: live order book, 34 min ago; Bybit: live order book, 5 min ago.
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 ApeX Omni live order book, 34 min ago | 8.55 bp | 16.2 bp −$16 | 139.4 bp −$1,394 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.17 bp | 40.1 bp −$40 | 141.6 bp −$1,416 | doesn't fit | doesn't fit |
CHIP on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1175% | 1h | 0.04645 | −0.193% | $15K | $218K | 5x | as long as short |
| ApeX Omni CHIPUSDTlong | −0.0342% | 1h | 0.04654 | long leg | $16K | $250K | 50x | |
| Phoenix CHIP | −0.0172% | 1h | 0.04623 | −0.666% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0032% | 4h | 0.04655 | +0.021% | $1.9M | $9.2M | 20x | as long as short |
| Nado CHIP-PERP | −0.0008% | 1h | 0.04645 | −0.193% | $234K | $19K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04643 | −0.236% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04655 | +0.026% | $14.6M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04646 | −0.173% | $38K | $254K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04649 | −0.101% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04649 | −0.107% | $14.0M | $26.1M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDTshort | +0.0100% | 4h | 0.04654 | 0.000% | $10.8M | $8.7M | 20x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04649 | −0.107% | $687K | $951K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04643 | −0.236% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04645 | −0.193% | $975K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04650 | −0.086% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04647 | −0.150% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04651 | −0.069% | $874K | $459K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04653 | −0.021% | $872 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04641 | −0.274% | $211K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0401% | 1h | 0.04647 | −0.140% | $164 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0417% | 1h | 0.04649 | −0.112% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04715 | +1.302% | $45K | $40K | 50x | as long as short |
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX