Funding you earn now, next payment 06:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h +0.154%
Price spread now: Gate against Backpack+0.172%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$990.989% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.172%, 7d avg +0.076%
=The price spread pays, funding is against you. Gate is 0.096% dearer against Backpack than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of +0.076%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CHIP_USDC_PERP | 0.04639 | 0.0175 | pay 0.0022% / 1h | 32m 51s | $34K | $234K | 5x |
| Short | Gate CHIP_USDT | 0.04647 | 0.0100 | get 0.0050% / 4h | 2h 32m | $664K | $973K | 50x |
Backpack CHIP_USDC_PERP
Gate CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$15.73
- Price spread: +0.172% → +0.076%
- $9.61
- Slippage, 4 orders
- −$73.94
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$105.06
- Costs to cover
- 0.989%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 15 min ago; Gate: live order book, 14 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, 15 min ago | 3.21 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 14 min ago | 11.81 bp | 32.7 bp −$33 | 229.6 bp −$2,296 | 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 | −0.0634% | 1h | 0.04690 | +1.099% | $16K | $246K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0612% | 1h | 0.04636 | −0.060% | $9K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0506% | 4h | 0.04643 | +0.086% | $10.5M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0281% | 4h | 0.04637 | −0.043% | $2.0M | $9.5M | 20x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04672 | +0.711% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0082% | 1h | 0.04630 | −0.205% | $234K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0026% | 4h | 0.04640 | +0.022% | $976K | $1.2M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0071% | 4h | 0.04633 | −0.129% | $555K | $64K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04637 | −0.043% | $96K | $113K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04642 | +0.056% | $14.4M | $6.1M | 3x | as long as short |
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Phoenix CHIP
Nado CHIP-PERP
KuCoin CHIPUSDTM
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04636 | −0.071% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04631 | −0.168% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04638 | −0.022% | $13.9M | $27.2M | 50x | as long as short |
| Gate CHIP_USDTshort | +0.0100% | 4h | 0.04647 | +0.172% | $664K | $973K | 50x | |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04635 | −0.086% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04634 | −0.108% | $1.9M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04635 | −0.086% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | +0.717% | $822K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04633 | −0.129% | $903 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04633 | −0.135% | $211K | $1.0M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0119% | 1h | 0.04665 | +0.558% | $110 | $37K | 5x | as long as short |
| Backpack CHIP_USDC_PERPlong | +0.0175% | 1h | 0.04639 | long leg | $34K | $234K | 5x | |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +1.686% | $45K | $37K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX