Funding you earn now, next payment 04:00 UTC−0.0440%/8h= −48.2% APRnext payment −$2.20 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Aster−0.185%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1301.299% of the position
Funding, last 5 days (all we have)−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.185%, 7d avg +0.011%
=Together, before fees+0.213%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.196% cheaper against Aster than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.027% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.20 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 | Aster CHIPUSDT | 0.04698 | −0.0087 | get 0.0044% / 4h | 58m 05s | $50K | $274K | 5x |
| Short | Bybit CHIPUSDT | 0.04689 | −0.0527 | pay 0.0264% / 4h | 58m 05s | $10.8M | $8.9M | 20x |
Aster CHIPUSDT
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$92.49
- Price spread: −0.185% → +0.011%
- −$19.6
- Slippage, 4 orders
- −$110.86
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$241.95
- Costs to cover
- 1.299%
- Break-even
- never at this rate
Slippage from Aster: live order book, 64 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 Aster live order book, 64 min ago | 5.26 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.18 bp | 44.6 bp −$45 | 159.0 bp −$1,590 | 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 | +0.262% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDTshort | −0.0527% | 4h | 0.04689 | −0.185% | $10.8M | $8.9M | 20x | |
| Backpack CHIP_USDC_PERP | −0.0522% | 1h | 0.04690 | −0.163% | $32K | $242K | 5x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04710 | +0.262% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0319% | 4h | 0.04679 | −0.397% | $2.0M | $9.4M | 20x | as long as short |
| Aster CHIPUSDTlong | −0.0087% | 4h | 0.04698 | long leg | $50K | $274K | 5x | |
| Nado CHIP-PERP | +0.0035% | 1h | 0.04698 | −0.004% | $238K | $20K | 5x | as long as short |
| MEXC CHIP_USDT | +0.0070% | 4h | 0.04690 | −0.163% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | +0.0072% | 1h | 0.04691 | −0.144% | $214K | $1.9M | 5x | as long as short |
| Binance CHIPUSDT | +0.0075% | 4h | 0.04682 | −0.334% | $14.2M | $26.6M | 50x | as long as short |
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
MEXC CHIP_USDT
Extended CHIP-USD
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | +0.0090% | 4h | 0.04704 | +0.135% | $571K | $63K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04690 | −0.163% | $87K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04692 | −0.129% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04710 | +0.262% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04695 | −0.057% | $684K | $948K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04693 | −0.099% | $982K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04688 | −0.206% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04684 | −0.291% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04705 | +0.146% | $838K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04690 | −0.163% | $864 | $1.0M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0175% | 1h | 0.04704 | +0.133% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0392% | 1h | 0.04721 | +0.490% | $230 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +3.345% | $47K | $42K | 50x | as long as short |
BloFin CHIP-USDT
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
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX