Funding you earn now, next payment 04:00 UTC+0.0806%/8h= +88.3% APRpaid last 24h +0.127%
Price spread now: BloFin against Backpack−1.034%66s7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as 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−$690.693% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)+2.402%+$240 · spread now −1.034%, 7d avg −0.003%
=Funding pays, the price is against you. BloFin is 1.031% cheaper against Backpack than usual: you would sell low and buy high (spread −1.034% now, against its 7-day average of −0.003%). If the spread goes back, that is −$103 on $10k: about 4.3 days of funding at the current rate (+$24 a day). Mind the row above: over the last 7 days funding on this pair cost −0.246%, so the current rate has only just turned in your favour. The two prices were read 66 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 -0.246% in total (about -12.8% 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 | Backpack CHIP_USDC_PERP | 0.04738 | −0.0788 | get 0.0099% / 1h | 56m 09s | $32K | $242K | 5x |
| Short | BloFin CHIP-USDT | 0.04689 | 0.0018 | get 0.0009% / 4h | 56m 09s | $566K | $63K | 50x |
Backpack CHIP_USDC_PERP
BloFin CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- $169.33
- Price spread: −1.034% → −0.003%
- −$103.12
- Slippage, 4 orders
- −$47.26
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$3.05
- Costs to cover
- 0.693%
- Break-even
- 7.1 days
Slippage from Backpack: live order book, 2 min ago; BloFin: live order book, 45 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 Backpack live order book, 2 min ago | 2.13 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 3.16 bp | 25.3 bp −$25 | 61.7 bp −$617 | 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_PERPlong | −0.0788% | 1h | 0.04738 | long leg | $32K | $242K | 5x | |
| ApeX Omni CHIPUSDT | −0.0682% | 1h | 0.04710 | −0.591% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0527% | 4h | 0.04736 | −0.042% | $10.9M | $9.0M | 20x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04710 | −0.591% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0322% | 4h | 0.04732 | −0.127% | $2.0M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0093% | 4h | 0.04720 | −0.376% | $50K | $274K | 5x | as long as short |
| Nado CHIP-PERP | −0.0027% | 1h | 0.04717 | −0.433% | $239K | $20K | 5x | as long as short |
| BloFin CHIP-USDTshort | +0.0018% | 4h | 0.04689 | −1.034% | $566K | $63K | 50x | |
| MEXC CHIP_USDT | +0.0074% | 4h | 0.04731 | −0.148% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | +0.0076% | 4h | 0.04732 | −0.127% | $14.3M | $26.6M | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Nado CHIP-PERP
MEXC CHIP_USDT
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 | 0.04723 | −0.317% | $216K | $1.9M | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04727 | −0.232% | $88K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04740 | +0.044% | $14.8M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04704 | −0.707% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04729 | −0.190% | $689K | $948K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04731 | −0.148% | $990K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04731 | −0.148% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04733 | −0.106% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04705 | −0.706% | $838K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04722 | −0.338% | $728 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0382% | 1h | 0.04713 | −0.532% | $133 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +2.465% | $47K | $42K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0870% | 1h | 0.04737 | −0.021% | $10K | $24K | 10x | 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
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUAL