Funding you earn now, next payment 04:00 UTC−0.0185%/8h= −20.2% APRpaid last 24h −0.135%
Price spread now: Backpack against Aster+0.123%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 5 days (all we have)+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.461%+$46 · spread now +0.123%, 7d avg −0.025%
=Together, before fees+0.518%+ Points / potential airdropAster: Stage 5 · farm board+$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.148% dearer against Aster than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.025%): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 5 days funding on this pair paid +0.057%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.057% in total (about 3.8% 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 | Aster CHIPUSDT | 0.04707 | −0.0087 | get 0.0044% / 4h | 58m 35s | $49K | $274K | 5x |
| Short | Backpack CHIP_USDC_PERP | 0.04713 | −0.0272 | pay 0.0034% / 1h | 58m 35s | $32K | $242K | 5x |
Aster CHIPUSDT
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- −$38.81
- Price spread: +0.123% → −0.025%
- $14.81
- Slippage, 4 orders
- −$67.03
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$109.02
- Costs to cover
- 0.850%
- Break-even
- never at this rate
Slippage from Aster: live order book, 63 min ago; Backpack: live order book, 65 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 Aster live order book, 63 min ago | 5.26 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 65 min ago | 2.10 bp | 15.6 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0682% | 1h | 0.04710 | +0.059% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0540% | 4h | 0.04709 | +0.038% | $10.9M | $8.9M | 20x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04710 | +0.059% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0316% | 4h | 0.04703 | −0.090% | $2.0M | $9.5M | 20x | as long as short |
| Backpack CHIP_USDC_PERPshort | −0.0272% | 1h | 0.04713 | +0.123% | $32K | $242K | 5x | |
| Aster CHIPUSDTlong | −0.0087% | 4h | 0.04707 | long leg | $49K | $274K | 5x | |
| MEXC CHIP_USDT | +0.0070% | 4h | 0.04707 | −0.005% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | +0.0072% | 1h | 0.04702 | −0.113% | $215K | $1.9M | 5x | as long as short |
| Binance CHIPUSDT | +0.0075% | 4h | 0.04708 | +0.016% | $14.3M | $26.6M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0090% | 4h | 0.04704 | −0.069% | $571K | $63K | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
MEXC CHIP_USDT
Extended CHIP-USD
Binance CHIPUSDT
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04709 | +0.038% | $87K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04715 | +0.157% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04710 | +0.059% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04707 | −0.005% | $686K | $947K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04707 | −0.005% | $985K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04705 | −0.047% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04704 | −0.069% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04705 | −0.057% | $838K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04703 | −0.090% | $950 | $1.0M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0132% | 1h | 0.04716 | +0.195% | $10K | $24K | 10x | as long as short |
| Nado CHIP-PERP | +0.0169% | 1h | 0.04703 | −0.079% | $238K | $20K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0405% | 1h | 0.04723 | +0.332% | $230 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +3.135% | $47K | $42K | 50x | as long as short |
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX