Funding you earn now, next payment 22:00 UTC+0.0673%/8h= +73.7% APRnext payment +$0.84 per $10,000 · paid last 24h +0.065%
Price spread now: Extended against Backpack0.000%48s7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as 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−$870.870% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)−0.337%−$34 · spread now 0.000%, 7d avg −0.073%
=Together, before fees−0.701%+ Points / potential airdropExtended: Active · farm board−$70 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Extended is 0.074% dearer against Backpack than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.364%, so the current rate has only just turned in your favour. The two prices were read 48 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 -0.364% in total (about -19.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.84 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 | Backpack CHIP_USDC_PERP | 0.04603 | −0.0793 | get 0.0099% / 1h | 18m 17s | $16K | $234K | 5x |
| Short | Extended CHIP-USD | 0.04603 | −0.0120 | pay 0.0015% / 1h | 18m 17s | $210K | $1.3M | 5x |
Backpack CHIP_USDC_PERP
Extended CHIP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $141.35
- Price spread: 0.000% → −0.073%
- $7.36
- Slippage, 4 orders
- −$72.01
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $61.7
- Costs to cover
- 0.870%
- Break-even
- 3.9 days
Slippage from Backpack: live order book, 5 min ago; Extended: 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 Backpack live order book, 5 min ago | 2.17 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 3.59 bp | 30.0 bp −$30 | 218.8 bp −$2,188 | 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 | −0.0793% | 1h | 0.04603 | long leg | $16K | $234K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0748% | 1h | 0.04605 | +0.035% | $10K | $24K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0590% | 1h | 0.04607 | +0.087% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0210% | 4h | 0.04605 | +0.043% | $10.7M | $8.9M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0193% | 4h | 0.04605 | +0.043% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0182% | 1h | 0.04604 | +0.022% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04606 | +0.065% | $3K | $143K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0129% | 4h | 0.04599 | −0.087% | $542K | $66K | 50x | as long as short |
| Binance CHIPUSDT | −0.0121% | 4h | 0.04602 | −0.022% | $13.9M | $25.7M | 50x | as long as short |
| Extended CHIP-USDshort | −0.0120% | 1h | 0.04603 | 0.000% | $210K | $1.3M | 5x |
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
BloFin CHIP-USDT
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0120% | 4h | 0.04600 | −0.065% | $1.8M | $1.2M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0093% | 1h | 0.04607 | +0.082% | $115 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0019% | 4h | 0.04607 | +0.087% | $44K | $225K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04603 | 0.000% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04610 | +0.156% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04604 | +0.015% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04603 | 0.000% | $682K | $903K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04602 | −0.022% | $984K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04609 | +0.130% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04603 | 0.000% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04610 | +0.147% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04601 | −0.043% | $622 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.335% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX