Funding you earn now, next payment 03:00 UTC−0.0565%/8h= −61.8% APRpaid last 24h −0.127%
Price spread now: Backpack against BloFin+0.021%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$690.695% of the position
Funding, last 7 days+0.246%+$25 on $10k
+Price spread, last 4 days (all we have)−1.389%−$139 · spread now +0.021%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.246%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.246% in total (about 12.8% a year). A funding rate is set anew for every payment. 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 | BloFin CHIP-USDT | 0.04816 | 0.0125 | pay 0.0062% / 4h | 1h 20m | $575K | $63K | 50x |
| Short | Backpack CHIP_USDC_PERP | 0.04817 | −0.0440 | pay 0.0055% / 1h | 20m 18s | $26K | $237K | 5x |
BloFin CHIP-USDT
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$118.61
- Price spread: +0.021% → +0.003%
- $1.78
- Slippage, 4 orders
- −$47.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$186.33
- Costs to cover
- 0.695%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 21 min ago; Backpack: live order book, 43 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 BloFin live order book, 21 min ago | 3.16 bp | 16.9 bp −$17 | 59.5 bp −$595 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 43 min ago | 2.10 bp | 15.6 bp −$16 | 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 | −0.0592% | 1h | 0.04800 | −0.332% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0576% | 4h | 0.04802 | −0.291% | $11.1M | $8.9M | 20x | as long as short |
| Backpack CHIP_USDC_PERPshort | −0.0440% | 1h | 0.04817 | +0.021% | $26K | $237K | 5x | |
| Phoenix CHIP | −0.0337% | 1h | 0.04798 | −0.374% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0269% | 4h | 0.04792 | −0.498% | $2.1M | $9.6M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0145% | 1h | 0.04804 | −0.260% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | −0.0033% | 4h | 0.04808 | −0.160% | $46K | $271K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04796 | −0.415% | $89K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04812 | −0.089% | $15.1M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04803 | −0.270% | $14K | $689 | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
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 | 0.04793 | −0.478% | $14.5M | $26.4M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04811 | −0.104% | $710K | $950K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04795 | −0.436% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04806 | −0.208% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04798 | −0.374% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04797 | −0.395% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04817 | +0.013% | $857K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04797 | −0.395% | $772 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04793 | −0.472% | $221K | $1.9M | 5x | as long as short |
| Nado CHIP-PERP | +0.0116% | 1h | 0.04796 | −0.405% | $242K | $19K | 5x | as long as short |
| BloFin CHIP-USDTlong | +0.0125% | 4h | 0.04816 | long leg | $575K | $63K | 50x | |
| Aftermath Perps CHIPUSD | +0.0400% | 1h | 0.04805 | −0.235% | $123 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +0.806% | $47K | $42K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX