Funding you earn now, next payment 06:00 UTC−0.0275%/8h= −30.1% APRnext payment −$0.34 per $10,000 · paid last 24h −0.082%
Price spread now: Phoenix against Extended−0.186%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1211.206% of the position
Funding, last 7 days−0.540%−$54 on $10k
+Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.186%, 7d avg +0.048%
=Together, before fees−0.212%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.234% cheaper against Extended than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CHIP-USD | 0.04698 | 0.0104 | pay 0.0013% / 1h | 50m 49s | $213K | $1.0M | 5x |
| Short | Phoenix CHIP | 0.04689 | −0.0171 | pay 0.0021% / 1h | 50m 49s | $3K | $128K | 5x |
Extended CHIP-USD
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$57.65
- Price spread: −0.186% → +0.048%
- −$23.39
- Slippage, 4 orders
- −$108.55
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$201.6
- Costs to cover
- 1.206%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Phoenix: live order book, 50 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, 2 min ago | 3.52 bp | 34.3 bp −$34 | 270.2 bp −$2,702 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 50 min ago | 4.32 bp | 26.3 bp −$26 | 71.7 bp −$717 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0513% | 1h | 0.04689 | −0.186% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0306% | 4h | 0.04709 | +0.240% | $10.6M | $9.2M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0238% | 4h | 0.04706 | +0.176% | $2.1M | $9.6M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0187% | 1h | 0.04701 | +0.069% | $35K | $235K | 5x | as long as short |
| Phoenix CHIPshort | −0.0171% | 1h | 0.04689 | −0.186% | $3K | $128K | 5x | |
| Nado CHIP-PERP | −0.0094% | 1h | 0.04695 | −0.058% | $238K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0058% | 4h | 0.04697 | −0.016% | $987K | $1.2M | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04701 | +0.069% | $9K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0012% | 1h | 0.04696 | −0.042% | $144 | $36K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04702 | +0.091% | $97K | $107K | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Backpack CHIP_USDC_PERP
Nado CHIP-PERP
KuCoin CHIPUSDTM
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04714 | +0.348% | $14.6M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04698 | +0.012% | $54K | $274K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04685 | −0.263% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04701 | +0.069% | $14.1M | $27.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04693 | −0.101% | $671K | $962K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04697 | −0.016% | $1.7M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04706 | +0.176% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04697 | −0.016% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04699 | +0.032% | $846K | $501K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04684 | −0.293% | $811 | $1.0M | 10x | as long as short |
| Extended CHIP-USDlong | +0.0104% | 1h | 0.04698 | long leg | $213K | $1.0M | 5x | |
| BloFin CHIP-USDT | +0.0155% | 4h | 0.04694 | −0.080% | $559K | $66K | 50x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0952% | 1h | 0.04735 | +0.789% | $45K | $37K | 50x | as long as short |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
BloFin CHIP-USDT
Coinbase International CHIP-PERP-INTX