Funding you earn now, next payment 05:00 UTC−0.1019%/8h= −111.6% APRnext payment −$1.27 per $10,000 · paid last 24h −0.333%
Price spread now: Phoenix against Coinbase International−1.234%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Phoenix is 1.234% cheaper against Coinbase International than usual: you would sell low and buy high (−$123 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CHIP-PERP-INTX | 0.04717 | 0.0848 | pay 0.0106% / 1h | 43m 23s | $45K | $37K | 50x |
| Short | Phoenix CHIP | 0.04659 | −0.0171 | pay 0.0021% / 1h | 43m 23s | $3K | $129K | 5x |
Coinbase International CHIP-PERP-INTX
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- −$214.07
- Price spread: −1.234% → 0.000%
- −$123.38
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$354.45
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Phoenix: live order book, 62 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 62 min ago | 4.26 bp | 26.0 bp −$26 | 71.1 bp −$711 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0520% | 4h | 0.04685 | −0.683% | $10.6M | $9.1M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0278% | 1h | 0.04673 | −0.937% | $16K | $245K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0225% | 4h | 0.04681 | −0.767% | $2.0M | $9.6M | 20x | as long as short |
| Phoenix CHIPshort | −0.0171% | 1h | 0.04659 | −1.234% | $3K | $129K | 5x | |
| Nado CHIP-PERP | −0.0009% | 1h | 0.04686 | −0.661% | $237K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04701 | −0.343% | $9K | $24K | 10x | as long as short |
| KuCoin CHIPUSDTM | +0.0040% | 4h | 0.04690 | −0.577% | $980K | $1.1M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04684 | −0.704% | $97K | $113K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04696 | −0.454% | $14.6M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04686 | −0.669% | $56K | $279K | 5x | as long as short |
Bybit CHIPUSDT
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
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 | 0.04684 | −0.710% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04678 | −0.839% | $14.1M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04690 | −0.577% | $672K | $965K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04681 | −0.767% | $1.8M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04687 | −0.640% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04678 | −0.831% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04656 | −1.293% | $819K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04698 | −0.407% | $607 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04686 | −0.667% | $213K | $1.0M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0127% | 4h | 0.04675 | −0.895% | $561K | $64K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0174% | 1h | 0.04676 | −0.878% | $81 | $37K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0435% | 1h | 0.04698 | −0.407% | $35K | $233K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTXlong | +0.0848% | 1h | 0.04717 | long leg | $45K | $37K | 50x |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Backpack CHIP_USDC_PERP