CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0263%/8h= −28.8% APRnext payment −$1.31 per $10,000 · paid last 24h +0.009%

Price spread now: BloFin against KuCoin−0.152%80s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as 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−$1641.638% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 3 days (all we have)+0.677%+$68 · spread now −0.152%, 7d avg −0.038%

Together, before fees+0.894%+$89 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 BloFin is 0.114% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CHIPUSDTM	0.04615	0.0100	pay 0.0050% / 4h	2h 25m	$986K	$1.0M	50x
Short	BloFin CHIP-USDT	0.04608	−0.0163	pay 0.0081% / 4h	2h 25m	$543K	$66K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BloFinbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$55.15
Price spread: −0.152% → −0.038%: −$11.37
Slippage, 4 orders: −$139.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$230.36
Costs to cover: 1.638%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 60 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	4.35 bp	76.3 bp −$76	572.8 bp −$5,728	doesn't fit	doesn't fit
Sell BloFin live order book, 60 min ago	3.22 bp	14.2 bp −$14	37.8 bp −$378	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	−0.1172%	1h	0.04618	+0.065%	$16K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0663%	1h	0.04590	−0.542%	$14K	$249K	50x	as long as short
Bybit CHIPUSDT	−0.0228%	4h	0.04620	+0.108%	$10.8M	$8.9M	20x	as long as short
Nado CHIP-PERP	−0.0187%	1h	0.04618	+0.065%	$231K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0179%	4h	0.04617	+0.043%	$1.9M	$9.2M	20x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04595	−0.433%	$3K	$143K	5x	as long as short
BloFin CHIP-USDTshort	−0.0163%	4h	0.04608	−0.152%	$543K	$66K	50x
Binance CHIPUSDT	−0.0115%	4h	0.04612	−0.063%	$13.9M	$25.7M	50x	as long as short
MEXC CHIP_USDT	−0.0114%	4h	0.04614	−0.022%	$1.8M	$1.2M	50x	as long as short
Extended CHIP-USD	−0.0112%	1h	0.04615	0.000%	$210K	$1.3M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CHIPUSD	−0.0076%	1h	0.04601	−0.295%	$85	$39K	5x	as long as short
Aster CHIPUSDT	−0.0031%	4h	0.04618	+0.066%	$44K	$226K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0031%	1h	0.04622	+0.147%	$10K	$24K	10x	as long as short
Lighter CHIP	+0.0096%	1h	0.04616	+0.022%	$86K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04622	+0.160%	$14.8M	$6.6M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04617	+0.043%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04612	−0.065%	$693K	$899K	50x	as long as short
KuCoin CHIPUSDTMlong	+0.0100%	4h	0.04615	long leg	$986K	$1.0M	50x
Bitget CHIPUSDT	+0.0100%	4h	0.04616	+0.022%	$2.0M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04613	−0.043%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04597	−0.384%	$837K	$462K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04613	−0.043%	$751	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0816%	1h	0.04757	+3.066%	$46K	$41K	50x	as long as short