Funding you earn now, next payment 00:00 UTC−0.0142%/8h= −15.6% APRnext payment −$0.71 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against BingX−0.582%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)+0.948%+$95 · spread now −0.582%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.583% cheaper against BingX than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of +0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CHIP-USDT | 0.04642 | 0.0100 | pay 0.0050% / 4h | 58m 33s | — | $1.9M | — |
| Short | BloFin CHIP-USDT | 0.04615 | −0.0042 | pay 0.0021% / 4h | 58m 33s | $543K | $68K | 50x |
BingX CHIP-USDT
BloFin CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$29.85
- Price spread: −0.582% → +0.001%
- −$58.26
- Slippage, 4 orders
- −$48.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$158.72
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; BloFin: live order book, 18 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 BingX live order book, 14 min ago | 4.34 bp | 19.9 bp −$20 | 62.1 bp −$621 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 1.09 bp | 16.6 bp −$17 | 45.4 bp −$454 | 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_PERP | −0.0896% | 1h | 0.04615 | −0.582% | $15K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04609 | −0.711% | $3K | $139K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0118% | 1h | 0.04613 | −0.622% | $113 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0113% | 1h | 0.04648 | +0.140% | $233K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0106% | 4h | 0.04649 | +0.151% | $1.9M | $9.2M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0051% | 1h | 0.04610 | −0.689% | $14K | $247K | 50x | as long as short |
| BloFin CHIP-USDTshort | −0.0042% | 4h | 0.04615 | −0.582% | $543K | $68K | 50x | |
| Binance CHIPUSDT | −0.0009% | 4h | 0.04655 | +0.274% | $14.0M | $26.0M | 50x | as long as short |
| Extended CHIP-USD | −0.0008% | 1h | 0.04620 | −0.483% | $210K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0008% | 4h | 0.04616 | −0.560% | $1.8M | $1.1M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Binance CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | +0.0053% | 1h | 0.04620 | −0.476% | $10K | $25K | 10x | as long as short |
| Bybit CHIPUSDT | +0.0073% | 4h | 0.04653 | +0.237% | $10.8M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04618 | −0.517% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04655 | +0.276% | $14.6M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04622 | −0.439% | $49K | $236K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04619 | −0.498% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04615 | −0.582% | $683K | $903K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04615 | −0.582% | $987K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04652 | +0.215% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDTlong | +0.0100% | 4h | 0.04642 | long leg | — | $1.9M | — | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04609 | −0.703% | $849K | $453K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04612 | −0.646% | $695 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04636 | −0.131% | $45K | $40K | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX