Funding you earn now, next payment 08:00 UTC−0.0385%/8h= −42.1% APRnext payment −$1.92 per $10,000 · paid last 24h −0.020%
Price spread now: OKX against BloFin+0.388%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$910.908% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)−0.714%−$71 · spread now +0.388%, 7d avg −0.019%
=The price spread pays, funding is against you. OKX is 0.407% dearer against BloFin than usual: you sell high and buy low (spread +0.388% now, against its 7-day average of −0.019%): +$41 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.113% in total) that is about 25 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 per $10,000. 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 | 0.04642 | 0.0089 | pay 0.0044% / 4h | 2h 22m | $560K | $64K | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04660 | −0.0296 | pay 0.0148% / 4h | 2h 22m | $2.0M | $9.5M | 20x |
BloFin CHIP-USDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$80.81
- Price spread: +0.388% → −0.019%
- $40.67
- Slippage, 4 orders
- −$68.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$130.92
- Costs to cover
- 0.908%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago | 6.49 bp | 20.9 bp −$21 | 59.3 bp −$593 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.08 bp | 30.2 bp −$30 | 325.4 bp −$3,254 | 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 | −0.0767% | 1h | 0.04627 | −0.323% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0476% | 4h | 0.04665 | +0.495% | $10.5M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0296% | 4h | 0.04660 | +0.388% | $2.0M | $9.5M | 20x | |
| Phoenix CHIP | −0.0171% | 1h | 0.04629 | −0.280% | $3K | $129K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0116% | 1h | 0.04640 | −0.039% | $9K | $24K | 10x | as long as short |
| Nado CHIP-PERP | −0.0093% | 1h | 0.04636 | −0.129% | $235K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0052% | 4h | 0.04652 | +0.215% | $977K | $1.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0024% | 4h | 0.04652 | +0.215% | $659K | $978K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0083% | 1h | 0.04639 | −0.056% | $109 | $37K | 5x | as long as short |
| BloFin CHIP-USDTlong | +0.0089% | 4h | 0.04642 | long leg | $560K | $64K | 50x |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
KuCoin CHIPUSDTM
Gate CHIP_USDT
Aftermath Perps CHIPUSDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | +0.0094% | 4h | 0.04657 | +0.323% | $1.7M | $1.2M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04659 | +0.366% | $97K | $113K | 3x | as long as short |
| Extended CHIP-USD | +0.0096% | 1h | 0.04656 | +0.307% | $211K | $1.0M | 5x | as long as short |
| Binance CHIPUSDT | +0.0097% | 4h | 0.04662 | +0.431% | $14.0M | $27.1M | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04667 | +0.539% | $14.5M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04656 | +0.304% | $54K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04660 | +0.388% | $16K | $3K | 3x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04656 | +0.302% | $1.9M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04659 | +0.366% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04651 | +0.194% | $35K | $235K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04625 | −0.372% | $813K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04635 | −0.151% | $798 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +1.620% | $45K | $37K | 50x | as long as short |
MEXC CHIP_USDT
Lighter CHIP
Extended CHIP-USD
Binance CHIPUSDT
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX