Funding you earn now, next payment 02:00 UTC+0.1477%/8h= +161.8% APRpaid last 24h +0.115%
Price spread now: SunX against Backpack−0.231%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$2762.763% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 3 days (all we have)+0.413%+$41 · spread now −0.231%, 7d avg −0.044%
=Funding pays, the price is against you. SunX is 0.187% cheaper against Backpack than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.044%). If the spread goes back, that is −$19 on $10k: about 10 hours of funding at the current rate (+$44 a day). Mind the row above: over the last 7 days funding on this pair cost −0.272%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.272% in total (about -14.2% 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 | 0.04758 | −0.1377 | get 0.0172% / 1h | 10m 54s | $16K | $221K | 5x |
| Short | SunX CHIP-USDT | 0.04747 | 0.0100 | get 0.0050% / 4h | 2h 10m | $1K | $1.0M | 10x |
Backpack CHIP_USDC_PERP
SunX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $310.24
- Price spread: −0.231% → −0.044%
- −$18.71
- Slippage, 4 orders
- −$258.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $15.23
- Costs to cover
- 2.763%
- Break-even
- 6.7 days
Slippage from Backpack: live order book, 57 min ago; SunX: live order book, 2 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, 57 min ago | 1.07 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 2 min ago | 47.40 bp | 130.2 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
CHIP on 22 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 | −0.1377% | 1h | 0.04758 | long leg | $16K | $221K | 5x | |
| Phoenix CHIP | −0.0172% | 1h | 0.04720 | −0.799% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0157% | 1h | 0.04729 | −0.609% | $16K | $244K | 50x | as long as short |
| Nado CHIP-PERP | −0.0066% | 1h | 0.04743 | −0.315% | $239K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0030% | 4h | 0.04751 | −0.147% | $2.0M | $9.4M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04760 | +0.042% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04769 | +0.231% | $15.0M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04762 | +0.079% | $38K | $261K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04753 | −0.111% | $14K | $604 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04755 | −0.063% | $14.3M | $26.1M | 50x | as long as short |
Phoenix CHIP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04760 | +0.042% | $11.1M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04763 | +0.105% | $698K | $961K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04754 | −0.084% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04761 | +0.063% | $998K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04761 | +0.063% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04755 | −0.063% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04742 | −0.343% | $899K | $467K | — | as long as short |
| SunX CHIP-USDTshort | +0.0100% | 4h | 0.04747 | −0.231% | $1K | $1.0M | 10x | |
| Extended CHIP-USD | +0.0104% | 1h | 0.04754 | −0.078% | $217K | $1.9M | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0148% | 1h | 0.04776 | +0.370% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0423% | 1h | 0.04728 | −0.623% | $222 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04785 | +0.565% | $46K | $41K | 50x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Extended CHIP-USD
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX