Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against Bitget−0.125%55s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$980.976% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.125%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.076% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CHIPUSDT | 0.04787 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $2.0M | $3.4M | 50x |
| Short | BloFin CHIP-USDT | 0.04781 | 0.0061 | get 0.0031% / 4h | 1h 08m | $575K | $100K | 50x |
Bitget CHIPUSDT
BloFin CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.14
- Price spread: −0.125% → −0.049%
- −$7.64
- Slippage, 4 orders
- −$73.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$113.4
- Costs to cover
- 0.976%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 13 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, 4 min ago | 6.26 bp | 29.2 bp −$29 | 90.8 bp −$908 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 2.08 bp | 17.7 bp −$18 | 64.5 bp −$645 | 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 | −0.0367% | 1h | 0.04782 | −0.104% | $17K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0321% | 4h | 0.04788 | +0.021% | $10.9M | $9.0M | 20x | as long as short |
| Nado CHIP-PERP | −0.0196% | 1h | 0.04789 | +0.042% | $242K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0194% | 4h | 0.04783 | −0.084% | $2.1M | $9.7M | 20x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04797 | +0.209% | $3K | $128K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0062% | 4h | 0.04785 | −0.042% | $1.0M | $1.1M | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0022% | 1h | 0.04786 | −0.031% | $10K | $23K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0012% | 1h | 0.04801 | +0.296% | $63 | $36K | 5x | as long as short |
| BloFin CHIP-USDTshort | +0.0061% | 4h | 0.04781 | −0.125% | $575K | $100K | 50x | |
| Lighter CHIP | +0.0096% | 1h | 0.04787 | 0.000% | $99K | $107K | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Phoenix CHIP
KuCoin CHIPUSDTM
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04794 | +0.148% | $14.8M | $5.9M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04788 | +0.031% | $54K | $271K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04790 | +0.058% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04784 | −0.055% | $14.4M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04791 | +0.084% | $686K | $996K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04785 | −0.042% | $1.8M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDTlong | +0.0100% | 4h | 0.04787 | long leg | $2.0M | $3.4M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04784 | −0.063% | — | $1.9M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04791 | +0.084% | $26K | $235K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04786 | −0.018% | $884K | $442K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04785 | −0.042% | $984 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04782 | −0.101% | $220K | $1.6M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0952% | 1h | 0.04839 | +1.093% | $46K | $38K | 50x | as long as short |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Coinbase International CHIP-PERP-INTX