Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against BingX+0.021%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now +0.021%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.020% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CHIP-USDT | 0.04721 | 0.0100 | pay 0.0050% / 4h | 37m 29s | — | $1.9M | — |
| Short | Bybit CHIPUSDT | 0.04722 | 0.0081 | get 0.0041% / 4h | 37m 29s | $11.0M | $8.9M | 20x |
BingX CHIP-USDT
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$3.93
- Price spread: +0.021% → +0.042%
- −$2.05
- Slippage, 4 orders
- −$78.67
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$105.64
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 6 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, 10 min ago | 4.27 bp | 16.5 bp −$16 | 63.9 bp −$639 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.07 bp | 30.6 bp −$31 | 133.7 bp −$1,337 | 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 | −0.1314% | 1h | 0.04705 | −0.339% | $15K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04683 | −0.805% | $3K | $140K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0095% | 1h | 0.04698 | −0.483% | $87 | $39K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0052% | 4h | 0.04718 | −0.064% | $2.0M | $9.4M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04703 | −0.373% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0011% | 4h | 0.04703 | −0.381% | $503K | $67K | 50x | as long as short |
| ApeX Omni CHIPUSDT | +0.0027% | 1h | 0.04703 | −0.381% | $14K | $248K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0028% | 4h | 0.04720 | −0.021% | $1.8M | $1.1M | 50x | as long as short |
| Binance CHIPUSDT | +0.0029% | 4h | 0.04724 | +0.064% | $14.2M | $26.2M | 50x | as long as short |
| Extended CHIP-USD | +0.0032% | 1h | 0.04717 | −0.091% | $215K | $1.3M | 5x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
Aftermath Perps CHIPUSD
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
ApeX Omni CHIPUSDT
MEXC CHIP_USDT
Binance CHIPUSDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDTshort | +0.0081% | 4h | 0.04722 | +0.021% | $11.0M | $8.9M | 20x | |
| Lighter CHIP | +0.0096% | 1h | 0.04717 | −0.085% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04730 | +0.201% | $14.9M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04720 | −0.023% | $51K | $236K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04720 | −0.021% | $14K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04712 | −0.191% | $697K | $912K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04719 | −0.042% | $995K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04721 | 0.000% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDTlong | +0.0100% | 4h | 0.04721 | long leg | — | $1.9M | — | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04689 | −0.680% | $877K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04701 | −0.424% | $797 | $1.1M | 10x | as long as short |
| Nado CHIP-PERP | +0.0418% | 1h | 0.04722 | +0.021% | $236K | $18K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04716 | −0.112% | $45K | $40K | 50x | as long as short |
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
Variational Omni CHIP
SunX CHIP-USDT
Nado CHIP-PERP
Coinbase International CHIP-PERP-INTX