Funding you earn now, next payment 00:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.077%
Price spread now: Phoenix against BloFin+0.260%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$850.851% of the position
Funding, last 7 days−0.559%−$56 on $10k
+Price spread, last 3 days (all we have)−0.541%−$54 · spread now +0.260%, 7d avg −0.028%
=The price spread pays, funding is against you. Phoenix is 0.289% dearer against BloFin than usual: you sell high and buy low (spread +0.260% now, against its 7-day average of −0.028%): +$29 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CHIP-USDT | 0.04611 | 0.0102 | pay 0.0051% / 4h | 3h 41m | $544K | $65K | 50x |
| Short | Phoenix CHIP | 0.04623 | −0.0172 | pay 0.0022% / 1h | 41m 36s | $3K | $140K | 5x |
BloFin CHIP-USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$57.46
- Price spread: +0.260% → −0.028%
- $28.85
- Slippage, 4 orders
- −$66.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$113.76
- Costs to cover
- 0.851%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; Phoenix: live order book, 24 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, 30 min ago | 1.08 bp | 9.2 bp −$9 | 46.6 bp −$466 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | 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 | −0.0994% | 1h | 0.04618 | +0.152% | $16K | $232K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0474% | 1h | 0.04619 | +0.173% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0245% | 4h | 0.04609 | −0.043% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0193% | 1h | 0.04607 | −0.076% | $230K | $18K | 5x | as long as short |
| Phoenix CHIPshort | −0.0172% | 1h | 0.04623 | +0.260% | $3K | $140K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0072% | 4h | 0.04605 | −0.130% | $1.9M | $9.0M | 20x | as long as short |
| Gate CHIP_USDT | +0.0088% | 4h | 0.04616 | +0.108% | $681K | $906K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04611 | 0.000% | $85K | $108K | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04613 | +0.036% | $46K | $237K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04613 | +0.041% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Gate CHIP_USDT
Lighter CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04606 | −0.108% | $13.9M | $26.1M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04611 | 0.000% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04608 | −0.065% | $971K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04609 | −0.043% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04607 | −0.087% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04620 | +0.201% | $867K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04599 | −0.260% | $717 | $1.1M | 10x | as long as short |
| BloFin CHIP-USDTlong | +0.0102% | 4h | 0.04611 | long leg | $544K | $65K | 50x | |
| Extended CHIP-USD | +0.0104% | 1h | 0.04606 | −0.107% | $212K | $1.6M | 5x | as long as short |
| Hyperliquid CHIP | +0.0189% | 1h | 0.04620 | +0.200% | $14.5M | $6.8M | 3x | as long as short |
| Aftermath Perps CHIPUSD | +0.0414% | 1h | 0.04619 | +0.171% | $85 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +2.260% | $45K | $40K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.1722% | 1h | 0.04623 | +0.262% | $10K | $24K | 10x | as long as short |
Binance CHIPUSDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Hyperliquid CHIP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUAL