Funding you earn now, next payment 23:00 UTC−0.1221%/8h= −133.7% APRnext payment −$1.53 per $10,000 · paid last 24h −0.073%
Price spread now: Backpack against Extended+0.084%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$950.949% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.084%, 7d avg +0.075%
=Together, before fees+0.448%+ Points / potential airdropExtended: Active · farm board+$45 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: −$37 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.351%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.351% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.53 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 | Extended CHIP-USD | 0.04607 | −0.0024 | get 0.0003% / 1h | 3m 01s | $210K | $1.3M | 5x |
| Short | Backpack CHIP_USDC_PERP | 0.04611 | −0.1245 | pay 0.0156% / 1h | 3m 01s | $16K | $233K | 5x |
Extended CHIP-USD
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$256.37
- Price spread: +0.084% → +0.075%
- $0.9
- Slippage, 4 orders
- −$79.86
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$350.33
- Costs to cover
- 0.949%
- Break-even
- never at this rate
Slippage from Extended: live order book, just now; Backpack: live order book, 15 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 Extended live order book, just now | 3.26 bp | 32.7 bp −$33 | 232.2 bp −$2,322 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 15 min ago | 1.09 bp | 13.4 bp −$13 | doesn't fit | 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_PERPshort | −0.1245% | 1h | 0.04611 | +0.084% | $16K | $233K | 5x | |
| Phoenix CHIP | −0.0352% | 1h | 0.04614 | +0.149% | $3K | $143K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0249% | 1h | 0.04611 | +0.089% | $10K | $25K | 10x | as long as short |
| Nado CHIP-PERP | −0.0146% | 1h | 0.04608 | +0.019% | $231K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0132% | 4h | 0.04609 | +0.041% | $1.9M | $9.2M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0127% | 1h | 0.04612 | +0.106% | $113 | $39K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0065% | 1h | 0.04611 | +0.084% | $14K | $247K | 50x | as long as short |
| BloFin CHIP-USDT | −0.0033% | 4h | 0.04606 | −0.024% | $540K | $67K | 50x | as long as short |
| Extended CHIP-USDlong | −0.0024% | 1h | 0.04607 | long leg | $210K | $1.3M | 5x | |
| MEXC CHIP_USDT | −0.0024% | 4h | 0.04607 | −0.002% | $1.8M | $1.2M | 50x | as long as short |
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
ApeX Omni CHIPUSDT
BloFin CHIP-USDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | −0.0021% | 4h | 0.04608 | +0.019% | $13.8M | $26.0M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0050% | 4h | 0.04610 | +0.063% | $10.7M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04610 | +0.063% | $86K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04617 | +0.206% | $14.5M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04613 | +0.128% | $49K | $231K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04611 | +0.074% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04611 | +0.084% | $681K | $911K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04611 | +0.084% | $987K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04611 | +0.084% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04609 | +0.041% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04613 | +0.125% | $849K | $453K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04607 | −0.002% | $634 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04636 | +0.625% | $45K | $40K | 50x | as long as short |
Binance CHIPUSDT
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX