Funding you earn now, next payment 04:00 UTC−0.0719%/8h= −78.7% APRpaid last 24h −0.074%
Price spread now: ApeX Omni against KuCoin−0.386%97s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1391.392% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)+0.291%+$29 · spread now −0.386%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and ApeX Omni is 0.341% cheaper against KuCoin than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.238% in total (about -12.4% a year). A funding rate is set anew for every payment. 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 | KuCoin CHIPUSDTM | 0.04666 | 0.0100 | pay 0.0050% / 4h | 46m 02s | $976K | $1.1M | 50x |
| Short | ApeX Omni CHIPUSDT | 0.04648 | −0.0619 | pay 0.0077% / 1h | 46m 02s | $16K | $246K | 50x |
KuCoin CHIPUSDTM
ApeX Omni CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against KuCoin. 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
- −$150.95
- Price spread: −0.386% → −0.045%
- −$34.12
- Slippage, 4 orders
- −$117.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$324.31
- Costs to cover
- 1.392%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; ApeX Omni: live order book, 10 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 KuCoin live order book, 4 min ago | 11.82 bp | 65.0 bp −$65 | 709.5 bp −$7,095 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 10 min ago | 7.41 bp | 16.0 bp −$16 | 134.9 bp −$1,349 | 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 | −0.0907% | 1h | 0.04677 | +0.236% | $33K | $245K | 5x | as long as short |
| ApeX Omni CHIPUSDTshort | −0.0619% | 1h | 0.04648 | −0.386% | $16K | $246K | 50x | |
| Bybit CHIPUSDT | −0.0572% | 4h | 0.04667 | +0.021% | $10.7M | $9.0M | 20x | as long as short |
| Phoenix CHIP | −0.0510% | 1h | 0.04655 | −0.236% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0376% | 4h | 0.04663 | −0.064% | $2.0M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0370% | 1h | 0.04672 | +0.131% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | −0.0108% | 4h | 0.04669 | +0.061% | $50K | $276K | 5x | as long as short |
| Nado CHIP-PERP | −0.0063% | 1h | 0.04661 | −0.096% | $236K | $20K | 5x | as long as short |
| MEXC CHIP_USDT | +0.0068% | 4h | 0.04664 | −0.043% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | +0.0071% | 4h | 0.04662 | −0.086% | $14.1M | $26.8M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Nado CHIP-PERP
MEXC CHIP_USDT
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0072% | 1h | 0.04662 | −0.080% | $213K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0073% | 4h | 0.04650 | −0.343% | $564K | $63K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04667 | +0.021% | $86K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04670 | +0.094% | $14.5M | $6.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04661 | −0.103% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04672 | +0.129% | $679K | $950K | 50x | as long as short |
| KuCoin CHIPUSDTMlong | +0.0100% | 4h | 0.04666 | long leg | $976K | $1.1M | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04668 | +0.043% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04670 | +0.086% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | +0.121% | $831K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04663 | −0.064% | $888 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0327% | 1h | 0.04678 | +0.262% | $132 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +4.046% | $47K | $42K | 50x | as long as short |
Extended CHIP-USD
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX