Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%
Price spread now: Bybit against Extended+0.066%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1401.397% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.066%, 7d avg +0.113%
=Together, before fees−0.021%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.046% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.113%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CHIP-USD | 0.04602 | −0.0120 | get 0.0015% / 1h | 17m 37s | $210K | $1.3M | 5x |
| Short | Bybit CHIPUSDT | 0.04605 | −0.0220 | pay 0.0110% / 4h | 2h 17m | $10.7M | $8.9M | 20x |
Extended CHIP-USD
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$20.95
- Price spread: +0.066% → +0.113%
- −$4.64
- Slippage, 4 orders
- −$123.65
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$165.24
- Costs to cover
- 1.397%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Bybit: live order book, 6 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, 1 min ago | 4.02 bp | 35.3 bp −$35 | 243.6 bp −$2,436 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 3.25 bp | 40.3 bp −$40 | 138.6 bp −$1,386 | 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_PERP | −0.0753% | 1h | 0.04603 | +0.023% | $16K | $234K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0748% | 1h | 0.04605 | +0.058% | $10K | $24K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0590% | 1h | 0.04607 | +0.110% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDTshort | −0.0220% | 4h | 0.04605 | +0.066% | $10.7M | $8.9M | 20x | |
| OKX CHIP-USDT-SWAP | −0.0194% | 4h | 0.04603 | +0.023% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0182% | 1h | 0.04604 | +0.045% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04606 | +0.088% | $3K | $143K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0129% | 4h | 0.04599 | −0.064% | $542K | $66K | 50x | as long as short |
| Extended CHIP-USDlong | −0.0120% | 1h | 0.04602 | long leg | $210K | $1.3M | 5x | |
| MEXC CHIP_USDT | −0.0120% | 4h | 0.04599 | −0.064% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
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 | −0.0119% | 4h | 0.04598 | −0.078% | $13.9M | $25.7M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0093% | 1h | 0.04607 | +0.105% | $115 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0015% | 4h | 0.04607 | +0.110% | $44K | $225K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04603 | +0.023% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04609 | +0.149% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04603 | +0.023% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04603 | +0.023% | $682K | $903K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04601 | −0.021% | $983K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04607 | +0.110% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04602 | +0.001% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04610 | +0.169% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04601 | −0.021% | $622 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.358% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX