Funding you earn now, next payment 08:00 UTC+0.0425%/8h= +46.5% APRnext payment +$2.12 per $10,000 · paid last 24h +0.032%
Price spread now: Gate against Bybit0.000%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1471.473% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now 0.000%, 7d avg +0.029%
=Funding pays, the price is against you. Gate is 0.029% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.099% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.12 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 | 0.04677 | −0.0325 | get 0.0162% / 4h | 3h 08m | $10.6M | $9.0M | 20x |
| Short | Gate CHIP_USDT | 0.04677 | 0.0100 | get 0.0050% / 4h | 3h 08m | $670K | $988K | 50x |
Bybit CHIPUSDT
Gate CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $89.25
- Price spread: 0.000% → +0.029%
- −$2.86
- Slippage, 4 orders
- −$121.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$60.96
- Costs to cover
- 1.473%
- Break-even
- 11.8 days
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 43 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 | 28.9 bp −$29 | 79.3 bp −$793 | doesn't fit | doesn't fit |
| Sell Gate live order book, 43 min ago | 11.68 bp | 39.5 bp −$40 | 228.8 bp −$2,288 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0338% | 1h | 0.04690 | +0.278% | $3K | $137K | 5x | as long as short |
| Bybit CHIPUSDTlong | −0.0325% | 4h | 0.04677 | long leg | $10.6M | $9.0M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0306% | 1h | 0.04670 | −0.154% | $9K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0233% | 4h | 0.04672 | −0.107% | $2.0M | $9.6M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0171% | 1h | 0.04688 | +0.235% | $16K | $245K | 50x | as long as short |
| Nado CHIP-PERP | −0.0026% | 1h | 0.04665 | −0.246% | $236K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0092% | 4h | 0.04676 | −0.021% | $967K | $1.1M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04676 | −0.021% | $96K | $115K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04684 | +0.150% | $14.5M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04680 | +0.072% | $56K | $279K | 5x | as long as short |
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
KuCoin CHIPUSDTM
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04676 | −0.030% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04674 | −0.064% | $14.1M | $27.1M | 50x | as long as short |
| Gate CHIP_USDTshort | +0.0100% | 4h | 0.04677 | 0.000% | $670K | $988K | 50x | |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04673 | −0.086% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04673 | −0.086% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04673 | −0.086% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04679 | +0.043% | $34K | $230K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04686 | +0.185% | $829K | $476K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04665 | −0.257% | $716 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04673 | −0.079% | $216K | $1.0M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0143% | 4h | 0.04672 | −0.107% | $561K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0228% | 1h | 0.04689 | +0.257% | $68 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04765 | +1.882% | $46K | $37K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX