Funding you earn now, next payment 02:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h −0.080%
Price spread now: Phoenix against Gate+0.021%7-day average −0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days−0.532%−$53 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.021%, 7d avg −0.098%
=The price spread pays, funding is against you. Phoenix is 0.118% dearer against Gate than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.098%): +$12 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CHIP_USDT | 0.04797 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $708K | $950K | 50x |
| Short | Phoenix CHIP | 0.04798 | −0.0337 | pay 0.0042% / 1h | 18m 39s | $3K | $130K | 5x |
Gate CHIP_USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- −$91.71
- Price spread: +0.021% → −0.098%
- $11.85
- Slippage, 4 orders
- −$105.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$207.57
- Costs to cover
- 1.277%
- Break-even
- never at this rate
Slippage from Gate: live order book, 43 min ago; Phoenix: live order book, 37 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 Gate live order book, 43 min ago | 3.16 bp | 39.4 bp −$39 | 243.0 bp −$2,430 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 37 min ago | 4.20 bp | 25.7 bp −$26 | 71.4 bp −$714 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0587% | 4h | 0.04797 | 0.000% | $11.1M | $8.9M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0535% | 1h | 0.04815 | +0.375% | $17K | $245K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0427% | 1h | 0.04797 | 0.000% | $26K | $237K | 5x | as long as short |
| Phoenix CHIPshort | −0.0337% | 1h | 0.04798 | +0.021% | $3K | $130K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0275% | 4h | 0.04793 | −0.083% | $2.1M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0054% | 4h | 0.04804 | +0.140% | $47K | $271K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04801 | +0.075% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0095% | 4h | 0.04787 | −0.208% | $571K | $63K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04796 | −0.021% | $89K | $107K | 3x | as long as short |
| Binance CHIPUSDT | +0.0099% | 4h | 0.04792 | −0.104% | $14.5M | $26.4M | 50x | as long as short |
Bybit CHIPUSDT
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Lighter CHIP
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04808 | +0.236% | $15.1M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04797 | −0.004% | $14K | $689 | 3x | as long as short |
| Gate CHIP_USDTlong | +0.0100% | 4h | 0.04797 | long leg | $708K | $950K | 50x | |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04792 | −0.104% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04797 | 0.000% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04796 | −0.021% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04794 | −0.063% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04817 | +0.409% | $857K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04787 | −0.208% | $686 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04791 | −0.120% | $221K | $1.9M | 5x | as long as short |
| Nado CHIP-PERP | +0.0107% | 1h | 0.04790 | −0.146% | $242K | $19K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0398% | 1h | 0.04801 | +0.076% | $134 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +1.205% | $47K | $42K | 50x | as long as short |
Hyperliquid CHIP
Pacifica CHIP
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX