Funding you earn now, next payment 00:00 UTC−0.0549%/8h= −60.1% APRnext payment −$2.74 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against KuCoin+0.131%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1881.884% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 7 days−0.095%−$10 · spread now +0.131%, 7d avg +0.014%
=The price spread pays, funding is against you. Bybit is 0.117% dearer against KuCoin than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.014%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.74 per $10,000. 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 | 0.04572 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $979K | $1.0M | 50x |
| Short | Bybit CHIPUSDT | 0.04578 | −0.0449 | pay 0.0224% / 4h | 2h 37m | $10.7M | $8.9M | 20x |
KuCoin CHIPUSDTM
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$115.25
- Price spread: +0.131% → +0.014%
- $11.71
- Slippage, 4 orders
- −$165.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$291.96
- Costs to cover
- 1.884%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 5 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, 2 min ago | 10.94 bp | 69.0 bp −$69 | 611.7 bp −$6,117 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.28 bp | 30.1 bp −$30 | 145.0 bp −$1,450 | 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 | −0.1918% | 1h | 0.04572 | 0.000% | $16K | $233K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0641% | 1h | 0.04574 | +0.044% | $14K | $249K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0471% | 1h | 0.04575 | +0.061% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDTshort | −0.0449% | 4h | 0.04578 | +0.131% | $10.7M | $8.9M | 20x | |
| OKX CHIP-USDT-SWAP | −0.0204% | 4h | 0.04576 | +0.087% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0201% | 1h | 0.04570 | −0.044% | $229K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04579 | +0.153% | $3K | $143K | 5x | as long as short |
| Binance CHIPUSDT | −0.0110% | 4h | 0.04572 | +0.004% | $13.8M | $25.7M | 50x | as long as short |
| Extended CHIP-USD | −0.0104% | 1h | 0.04575 | +0.055% | $208K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0104% | 4h | 0.04572 | 0.000% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
Binance CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | −0.0103% | 4h | 0.04571 | −0.022% | $543K | $65K | 50x | as long as short |
| Aster CHIPUSDT | −0.0062% | 4h | 0.04577 | +0.109% | $41K | $228K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0005% | 1h | 0.04579 | +0.157% | $84 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04575 | +0.066% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04581 | +0.203% | $14.7M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04576 | +0.094% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04577 | +0.109% | $688K | $898K | 50x | as long as short |
| KuCoin CHIPUSDTMlong | +0.0100% | 4h | 0.04572 | long leg | $979K | $1.0M | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04576 | +0.087% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04577 | +0.109% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04576 | +0.077% | $835K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04566 | −0.131% | $508 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +4.035% | $46K | $41K | 50x | as long as short |
BloFin CHIP-USDT
Aster CHIPUSDT
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX