Funding you earn now, next payment 04:00 UTC+0.1279%/8h= +140.1% APRpaid last 24h +0.076%
Price spread now: MEXC against ApeX Omni−0.448%111s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days+0.431%+$43 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.448%, 7d avg −0.011%
=Funding pays, the price is against you. MEXC is 0.437% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.448% now, against its 7-day average of −0.011%). If the spread goes back, that is −$44 on $10k: about 27 hours of funding at the current rate (+$38 a day). At the pace of the last 7 days (+0.431% in total) that is about 7.1 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.431% in total (about 22.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CHIPUSDT | 0.04689 | −0.1201 | get 0.0150% / 1h | 51m 42s | $16K | $246K | 50x |
| Short | MEXC CHIP_USDT | 0.04668 | 0.0078 | get 0.0039% / 4h | 51m 42s | $1.8M | $1.2M | 50x |
ApeX Omni CHIPUSDT
MEXC CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $268.67
- Price spread: −0.448% → −0.011%
- −$43.67
- Slippage, 4 orders
- −$47.74
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $167.25
- Costs to cover
- 0.577%
- Break-even
- 2.6 days
Slippage from ApeX Omni: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago | 7.41 bp | 17.1 bp −$17 | 123.7 bp −$1,237 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.06 bp | 12.5 bp −$13 | 85.1 bp −$851 | 249.9 bp −$25.0K | 764.2 bp −$382.1K |
CHIP on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDTlong | −0.1201% | 1h | 0.04689 | long leg | $16K | $246K | 50x | |
| Backpack CHIP_USDC_PERP | −0.0705% | 1h | 0.04682 | −0.149% | $33K | $243K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0530% | 4h | 0.04671 | −0.384% | $10.8M | $9.0M | 20x | as long as short |
| Phoenix CHIP | −0.0510% | 1h | 0.04726 | +0.789% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0351% | 4h | 0.04668 | −0.448% | $2.0M | $9.4M | 20x | as long as short |
| Aster CHIPUSDT | −0.0099% | 4h | 0.04674 | −0.320% | $49K | $275K | 5x | as long as short |
| Nado CHIP-PERP | −0.0065% | 1h | 0.04686 | −0.053% | $237K | $20K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0006% | 1h | 0.04692 | +0.060% | $10K | $24K | 10x | as long as short |
| Binance CHIPUSDT | +0.0076% | 4h | 0.04671 | −0.384% | $14.1M | $26.7M | 50x | as long as short |
| MEXC CHIP_USDTshort | +0.0078% | 4h | 0.04668 | −0.448% | $1.8M | $1.2M | 50x |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0080% | 1h | 0.04669 | −0.421% | $213K | $1.9M | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04672 | −0.363% | $87K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04678 | −0.241% | $14.6M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04670 | −0.405% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04671 | −0.384% | $679K | $949K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04668 | −0.448% | $977K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04667 | −0.469% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04671 | −0.384% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04729 | +0.847% | $838K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04683 | −0.128% | $807 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDT | +0.0125% | 4h | 0.04697 | +0.171% | $564K | $63K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0362% | 1h | 0.04714 | +0.535% | $133 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +3.536% | $47K | $42K | 50x | as long as short |
Extended CHIP-USD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX