Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.25 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against BloFin−0.112%91s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$640.639% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)−1.175%−$117 · spread now −0.112%, 7d avg −0.022%
=Funding pays, the price is against you. Binance is 0.090% cheaper against BloFin than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of −0.022%). If the spread goes back, that is −$9 on $10k: about 5.9 days of funding at the current rate (+$2 a day). The two prices were read 91 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 | BloFin CHIP-USDT | 0.04623 | −0.0112 | get 0.0056% / 4h | 2h 57m | $550K | $70K | 50x |
| Short | Binance CHIPUSDT | 0.04618 | −0.0061 | pay 0.0031% / 4h | 2h 57m | $14.0M | $25.6M | 50x |
BloFin CHIP-USDT
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $10.65
- Price spread: −0.112% → −0.022%
- −$8.97
- Slippage, 4 orders
- −$41.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$62.2
- Costs to cover
- 0.639%
- Break-even
- 47.9 days
Slippage from BloFin: live order book, 28 min ago; Binance: 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 BloFin live order book, 28 min ago | 3.22 bp | 15.6 bp −$16 | 41.9 bp −$419 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.08 bp | 18.9 bp −$19 | 65.9 bp −$659 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1616% | 1h | 0.04628 | +0.108% | $16K | $236K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0566% | 1h | 0.04619 | −0.087% | $14K | $249K | 50x | as long as short |
| Phoenix CHIP | −0.0338% | 1h | 0.04628 | +0.108% | $3K | $142K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0322% | 4h | 0.04626 | +0.065% | $10.8M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0194% | 1h | 0.04628 | +0.119% | $232K | $18K | 5x | as long as short |
| BloFin CHIP-USDTlong | −0.0112% | 4h | 0.04623 | long leg | $550K | $70K | 50x | |
| OKX CHIP-USDT-SWAP | −0.0110% | 4h | 0.04618 | −0.108% | $1.9M | $9.1M | 20x | as long as short |
| Extended CHIP-USD | −0.0064% | 1h | 0.04622 | −0.012% | $211K | $1.3M | 5x | as long as short |
| Binance CHIPUSDTshort | −0.0061% | 4h | 0.04618 | −0.112% | $14.0M | $25.6M | 50x | |
| MEXC CHIP_USDT | −0.0060% | 4h | 0.04623 | 0.000% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Phoenix CHIP
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | −0.0051% | 4h | 0.04628 | +0.108% | $41K | $222K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04634 | +0.244% | $10K | $24K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04624 | +0.022% | $86K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04632 | +0.195% | $15.0M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04623 | +0.006% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04634 | +0.238% | $705K | $890K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04628 | +0.108% | $991K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04627 | +0.087% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04626 | +0.065% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04633 | +0.207% | $843K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04628 | +0.108% | $713 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0120% | 1h | 0.04634 | +0.235% | $53 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +2.888% | $46K | $41K | 50x | as long as short |
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX