Funding you earn now, next payment 20:00 UTC+0.0228%/8h= +24.9% APRnext payment +$0.28 per $10,000 · paid last 24h −0.020%
Price spread now: Phoenix against ApeX Omni+0.195%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$840.841% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)−0.516%−$52 · spread now +0.195%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.208% dearer against ApeX Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. 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 | 0.04619 | −0.0566 | get 0.0071% / 1h | 58m 11s | $14K | $249K | 50x |
| Short | Phoenix CHIP | 0.04628 | −0.0338 | pay 0.0042% / 1h | 58m 11s | $3K | $142K | 5x |
ApeX Omni CHIPUSDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $47.81
- Price spread: +0.195% → −0.013%
- $20.82
- Slippage, 4 orders
- −$67.14
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$15.51
- Costs to cover
- 0.841%
- Break-even
- 9.3 days
Slippage from ApeX Omni: live order book, 28 min ago; Phoenix: live order book, 24 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, 28 min ago | 8.58 bp | 15.7 bp −$16 | 132.5 bp −$1,325 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 4.28 bp | 26.1 bp −$26 | 71.0 bp −$710 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1391% | 1h | 0.04629 | +0.216% | $16K | $236K | 5x | as long as short |
| ApeX Omni CHIPUSDTlong | −0.0566% | 1h | 0.04619 | long leg | $14K | $249K | 50x | |
| Phoenix CHIPshort | −0.0338% | 1h | 0.04628 | +0.195% | $3K | $142K | 5x | |
| Bybit CHIPUSDT | −0.0322% | 4h | 0.04631 | +0.260% | $10.8M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0194% | 1h | 0.04628 | +0.206% | $232K | $18K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0112% | 4h | 0.04623 | +0.087% | $550K | $70K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0110% | 4h | 0.04625 | +0.130% | $1.9M | $9.2M | 20x | as long as short |
| Extended CHIP-USD | −0.0064% | 1h | 0.04625 | +0.129% | $211K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0061% | 4h | 0.04625 | +0.122% | $14.0M | $25.6M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0058% | 4h | 0.04629 | +0.216% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
Nado CHIP-PERP
BloFin CHIP-USDT
OKX CHIP-USDT-SWAP
Extended CHIP-USD
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | −0.0048% | 4h | 0.04629 | +0.218% | $41K | $222K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04634 | +0.331% | $10K | $24K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04631 | +0.260% | $86K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04641 | +0.478% | $15.0M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04630 | +0.238% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04634 | +0.325% | $705K | $890K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04632 | +0.281% | $1.0M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04633 | +0.303% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04628 | +0.195% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04633 | +0.294% | $843K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04628 | +0.195% | $713 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0120% | 1h | 0.04634 | +0.322% | $53 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +2.977% | $46K | $41K | 50x | as long as short |
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX