Funding you earn now, next payment 06:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.154%
Price spread now: Backpack against Bitget+0.108%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.108%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.152% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CHIPUSDT | 0.04634 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $1.9M | $3.4M | 50x |
| Short | Backpack CHIP_USDC_PERP | 0.04639 | 0.0175 | get 0.0022% / 1h | 32m 49s | $34K | $234K | 5x |
Bitget CHIPUSDT
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $15.73
- Price spread: +0.108% → −0.044%
- $15.18
- Slippage, 4 orders
- −$60.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$51.19
- Costs to cover
- 0.821%
- Break-even
- 29.8 days
Slippage from Bitget: live order book, 5 min ago; Backpack: live order book, 15 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 Bitget live order book, 5 min ago | 9.65 bp | 30.6 bp −$31 | 87.5 bp −$875 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 15 min ago | 3.21 bp | 12.9 bp −$13 | doesn't fit | 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 | −0.0634% | 1h | 0.04690 | +1.208% | $16K | $246K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0612% | 1h | 0.04636 | +0.047% | $9K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0506% | 4h | 0.04643 | +0.194% | $10.5M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0284% | 4h | 0.04640 | +0.129% | $2.0M | $9.5M | 20x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04672 | +0.820% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0082% | 1h | 0.04630 | −0.097% | $234K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0026% | 4h | 0.04640 | +0.129% | $976K | $1.2M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0071% | 4h | 0.04633 | −0.022% | $555K | $64K | 50x | as long as short |
| Binance CHIPUSDT | +0.0094% | 4h | 0.04637 | +0.065% | $13.9M | $27.1M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04642 | +0.173% | $96K | $113K | 3x | as long as short |
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Phoenix CHIP
Nado CHIP-PERP
KuCoin CHIPUSDTM
BloFin CHIP-USDT
Binance CHIPUSDT
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04648 | +0.298% | $14.4M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04637 | +0.072% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04631 | −0.060% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04647 | +0.281% | $664K | $973K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04635 | +0.022% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDTlong | +0.0100% | 4h | 0.04634 | long leg | $1.9M | $3.4M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04635 | +0.022% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | +0.826% | $822K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04633 | −0.022% | $903 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04633 | −0.027% | $211K | $1.0M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0119% | 1h | 0.04665 | +0.666% | $110 | $37K | 5x | as long as short |
| Backpack CHIP_USDC_PERPshort | +0.0175% | 1h | 0.04639 | +0.108% | $34K | $234K | 5x | |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +1.795% | $45K | $37K | 50x | as long as short |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
MEXC CHIP_USDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX