Funding you earn now, next payment 04:00 UTC+0.0584%/8h= +64.0% APRnext payment +$2.92 per $10,000 · paid last 24h +0.013%
Price spread now: Binance against Bybit−0.017%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1231.235% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days−0.093%−$9 · spread now −0.017%, 7d avg −0.081%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Binance is 0.064% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.081%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.92 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 | Bybit CHIPUSDT | 0.04724 | −0.0503 | get 0.0252% / 4h | 54m 17s | $10.9M | $9.0M | 20x |
| Short | Binance CHIPUSDT | 0.04723 | 0.0081 | get 0.0041% / 4h | 54m 17s | $14.3M | $26.6M | 50x |
Bybit CHIPUSDT
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $122.65
- Price spread: −0.017% → −0.081%
- $6.4
- Slippage, 4 orders
- −$102.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $5.57
- Costs to cover
- 1.235%
- Break-even
- 6.7 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 2 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 Bybit live order book, 4 min ago | 1.07 bp | 33.1 bp −$33 | 163.0 bp −$1,630 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.06 bp | 23.4 bp −$23 | 114.8 bp −$1,148 | 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 | −0.1201% | 1h | 0.04689 | −0.741% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDTlong | −0.0503% | 4h | 0.04724 | long leg | $10.9M | $9.0M | 20x | |
| Backpack CHIP_USDC_PERP | −0.0414% | 1h | 0.04724 | 0.000% | $33K | $243K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0337% | 4h | 0.04716 | −0.169% | $2.0M | $9.5M | 20x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04684 | −0.847% | $3K | $129K | 5x | as long as short |
| Aster CHIPUSDT | −0.0075% | 4h | 0.04734 | +0.206% | $50K | $274K | 5x | as long as short |
| Nado CHIP-PERP | −0.0068% | 1h | 0.04726 | +0.042% | $239K | $20K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0076% | 4h | 0.04726 | +0.042% | $570K | $63K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0078% | 4h | 0.04718 | −0.127% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | +0.0080% | 1h | 0.04722 | −0.036% | $216K | $1.9M | 5x | as long as short |
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Phoenix CHIP
Aster CHIPUSDT
Nado CHIP-PERP
BloFin CHIP-USDT
MEXC CHIP_USDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDTshort | +0.0081% | 4h | 0.04723 | −0.017% | $14.3M | $26.6M | 50x | |
| Lighter CHIP | +0.0096% | 1h | 0.04729 | +0.106% | $88K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04736 | +0.254% | $14.8M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04735 | +0.237% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04734 | +0.212% | $690K | $948K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04729 | +0.106% | $990K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04719 | −0.106% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04717 | −0.148% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04729 | +0.100% | $838K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04727 | +0.064% | $814 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0373% | 1h | 0.04720 | −0.081% | $134 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0553% | 1h | 0.04738 | +0.288% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +2.769% | $47K | $42K | 50x | as long as short |
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
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX