Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against BloFin−1.354%112s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as 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−$1081.082% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 3 days (all we have)+1.174%+$117 · spread now −1.354%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 1.393% cheaper against BloFin than usual: you would sell low and buy high (−$139 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 112 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 | 0.04653 | 0.0138 | pay 0.0069% / 4h | 2h 55m | $552K | $65K | 50x |
| Short | Bybit CHIPUSDT | 0.04590 | 0.0100 | get 0.0050% / 4h | 2h 55m | $10.7M | $8.7M | 20x |
BloFin CHIP-USDT
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$8
- Price spread: −1.354% → +0.039%
- −$139.33
- Slippage, 4 orders
- −$85.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$255.51
- Costs to cover
- 1.082%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; Bybit: live order book, 3 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, 11 min ago | 1.07 bp | 19.4 bp −$19 | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.14 bp | 38.6 bp −$39 | 158.8 bp −$1,588 | 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 | −0.1319% | 1h | 0.04662 | +0.193% | $16K | $251K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0750% | 1h | 0.04619 | −0.731% | $14K | $224K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04655 | +0.043% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0073% | 1h | 0.04596 | −1.214% | $231K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0023% | 4h | 0.04585 | −1.461% | $1.9M | $9.0M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04592 | −1.311% | $85K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04601 | −1.126% | $14.4M | $6.5M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04591 | −1.332% | $48K | $254K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04593 | −1.292% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04591 | −1.338% | $13.8M | $26.2M | 50x | as long as short |
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDTshort | +0.0100% | 4h | 0.04590 | −1.354% | $10.7M | $8.7M | 20x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04594 | −1.268% | $673K | $908K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04591 | −1.332% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04593 | −1.289% | $962K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04588 | −1.397% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04592 | −1.311% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04631 | −0.477% | $870K | $458K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04618 | −0.752% | $752 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04595 | −1.237% | $213K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDTlong | +0.0138% | 4h | 0.04653 | long leg | $552K | $65K | 50x | |
| Aftermath Perps CHIPUSD | +0.0294% | 1h | 0.04655 | +0.042% | $118 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04715 | +1.324% | $45K | $40K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.1306% | 1h | 0.04635 | −0.393% | $10K | $24K | 10x | as long as short |
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUAL