Funding you earn now, next payment 02:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h −0.080%
Price spread now: Phoenix against BingX−0.249%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days−0.549%−$55 on $10k
+Price spread, last 4 days (all we have)+0.400%+$40 · spread now −0.249%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phoenix is 0.229% cheaper against BingX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CHIP-USDT | 0.04810 | 0.0100 | pay 0.0050% / 4h | 1h 20m | — | $1.9M | — |
| Short | Phoenix CHIP | 0.04798 | −0.0337 | pay 0.0042% / 1h | 20m 52s | $3K | $130K | 5x |
BingX CHIP-USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$91.71
- Price spread: −0.249% → −0.020%
- −$22.91
- Slippage, 4 orders
- −$77.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$208.95
- Costs to cover
- 0.943%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Phoenix: live order book, 35 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, 2 min ago | 2.08 bp | 26.2 bp −$26 | 63.7 bp −$637 | 787.0 bp −$78.7K | doesn't fit |
| Sell Phoenix live order book, 35 min ago | 4.20 bp | 25.7 bp −$26 | 71.4 bp −$714 | 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 | −0.0592% | 1h | 0.04800 | −0.208% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0559% | 4h | 0.04815 | +0.104% | $11.1M | $8.9M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0440% | 1h | 0.04817 | +0.146% | $26K | $237K | 5x | as long as short |
| Phoenix CHIPshort | −0.0337% | 1h | 0.04798 | −0.249% | $3K | $130K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0265% | 4h | 0.04809 | −0.021% | $2.1M | $9.7M | 20x | as long as short |
| Aster CHIPUSDT | −0.0033% | 4h | 0.04819 | +0.179% | $46K | $271K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04825 | +0.312% | $10K | $24K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04816 | +0.125% | $89K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04826 | +0.331% | $15.2M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04830 | +0.416% | $14K | $689 | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04807 | −0.062% | $14.6M | $26.4M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04822 | +0.249% | $712K | $950K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04809 | −0.021% | $1.9M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04819 | +0.187% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04810 | 0.000% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDTlong | +0.0100% | 4h | 0.04810 | long leg | — | $1.9M | — | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04817 | +0.137% | $857K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04811 | +0.021% | $775 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04811 | +0.016% | $222K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0125% | 4h | 0.04816 | +0.125% | $575K | $63K | 50x | as long as short |
| Nado CHIP-PERP | +0.0125% | 1h | 0.04822 | +0.239% | $243K | $19K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0395% | 1h | 0.04800 | −0.203% | $123 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +0.931% | $47K | $42K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX