Funding you earn now, next payment 04:00 UTC+0.0408%/8h= +44.7% APRnext payment +$2.04 per $10,000 · paid last 24h +0.013%
Price spread now: MEXC against Bybit−0.168%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1181.185% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.168%, 7d avg −0.079%
=Funding pays, the price is against you. MEXC is 0.089% cheaper against Bybit than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.079%). If the spread goes back, that is −$9 on $10k: about 17 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.096% in total) that is about 6.4 days.
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 +$2.04 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 | 0.04757 | −0.0308 | get 0.0154% / 4h | 1h 43m | $11.0M | $8.9M | 20x |
| Short | MEXC CHIP_USDT | 0.04749 | 0.0100 | get 0.0050% / 4h | 1h 43m | $1.8M | $1.1M | 50x |
Bybit CHIPUSDT
MEXC CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $85.7
- Price spread: −0.168% → −0.079%
- −$8.89
- Slippage, 4 orders
- −$107.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$41.69
- Costs to cover
- 1.185%
- Break-even
- 10.4 days
Slippage from Bybit: live order book, 4 min ago; MEXC: 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 Bybit live order book, 4 min ago | 2.10 bp | 29.2 bp −$29 | 122.6 bp −$1,226 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 3.15 bp | 24.5 bp −$25 | 100.5 bp −$1,005 | 291.5 bp −$29.1K | 909.4 bp −$454.7K |
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 | −0.1644% | 1h | 0.04756 | −0.021% | $29K | $215K | 5x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04740 | −0.357% | $3K | $130K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0323% | 1h | 0.04733 | −0.505% | $16K | $244K | 50x | as long as short |
| Bybit CHIPUSDTlong | −0.0308% | 4h | 0.04757 | long leg | $11.0M | $8.9M | 20x | |
| OKX CHIP-USDT-SWAP | −0.0175% | 4h | 0.04757 | 0.000% | $2.0M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04763 | +0.135% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | +0.0019% | 4h | 0.04754 | −0.069% | $45K | $271K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04755 | −0.042% | $88K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04765 | +0.162% | $14.9M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04763 | +0.120% | $14K | $688 | 3x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04749 | −0.168% | $14.4M | $26.3M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04755 | −0.042% | $701K | $944K | 50x | as long as short |
| MEXC CHIP_USDTshort | +0.0100% | 4h | 0.04749 | −0.168% | $1.8M | $1.1M | 50x | |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04756 | −0.021% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04755 | −0.042% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04750 | −0.147% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04761 | +0.077% | $843K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04751 | −0.126% | $759 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04748 | −0.195% | $216K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0159% | 4h | 0.04749 | −0.168% | $568K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0328% | 1h | 0.04754 | −0.071% | $83 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04788 | +0.658% | $46K | $41K | 50x | as long as short |
| Nado CHIP-PERP | +0.0930% | 1h | 0.04753 | −0.074% | $240K | $19K | 5x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Nado CHIP-PERP