Funding you earn now, next payment 04:00 UTC−0.0420%/8h= −46.0% APRnext payment −$2.10 per $10,000 · paid last 24h −0.007%
Price spread now: OKX against BingX−0.063%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$800.805% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days+0.132%+$13 · spread now −0.063%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.074% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 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 | BingX CHIP-USDT | 0.04730 | 0.0100 | pay 0.0050% / 4h | 4m 23s | — | $2.0M | — |
| Short | OKX CHIP-USDT-SWAP | 0.04727 | −0.0320 | pay 0.0160% / 4h | 4m 23s | $2.0M | $9.7M | 20x |
BingX CHIP-USDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$88.23
- Price spread: −0.063% → +0.011%
- −$7.43
- Slippage, 4 orders
- −$60.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$176.15
- Costs to cover
- 0.805%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 4.21 bp | 22.3 bp −$22 | 76.2 bp −$762 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.10 bp | 18.6 bp −$19 | 203.7 bp −$2,037 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0510% | 1h | 0.04746 | +0.338% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0320% | 4h | 0.04727 | −0.063% | $2.0M | $9.7M | 20x | |
| Backpack CHIP_USDC_PERP | −0.0318% | 1h | 0.04732 | +0.042% | $34K | $251K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0298% | 1h | 0.04746 | +0.338% | $16K | $244K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0258% | 4h | 0.04733 | +0.063% | $10.9M | $9.0M | 20x | as long as short |
| Nado CHIP-PERP | −0.0120% | 1h | 0.04729 | −0.032% | $239K | $20K | 5x | as long as short |
| Aster CHIPUSDT | −0.0018% | 4h | 0.04734 | +0.083% | $56K | $279K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04735 | +0.101% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0034% | 4h | 0.04720 | −0.211% | $565K | $65K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0078% | 4h | 0.04729 | −0.021% | $1.8M | $1.2M | 50x | as long as short |
Phoenix CHIP
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0080% | 1h | 0.04728 | −0.050% | $215K | $1.9M | 5x | as long as short |
| Binance CHIPUSDT | +0.0080% | 4h | 0.04730 | −0.009% | $14.3M | $27.0M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04735 | +0.106% | $97K | $117K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04738 | +0.175% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04730 | −0.008% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04728 | −0.042% | $685K | $989K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04733 | +0.063% | $983K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04732 | +0.042% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDTlong | +0.0100% | 4h | 0.04730 | long leg | — | $2.0M | — | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04723 | −0.155% | $839K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04720 | −0.211% | $856 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0160% | 1h | 0.04747 | +0.364% | $100 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04740 | +0.214% | $45K | $41K | 50x | as long as short |
Extended CHIP-USD
Binance CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX