Funding you earn now, next payment 08:00 UTC−0.0383%/8h= −41.9% APRnext payment −$1.91 per $10,000 · paid last 24h −0.025%
Price spread now: OKX against MEXC−0.085%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$770.769% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 7 days+0.231%+$23 · spread now −0.085%, 7d avg +0.046%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.131% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.91 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 | MEXC CHIP_USDT | 0.04691 | 0.0094 | pay 0.0047% / 4h | 2h 21m | $1.7M | $1.2M | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04687 | −0.0289 | pay 0.0144% / 4h | 2h 21m | $2.0M | $9.5M | 20x |
MEXC CHIP_USDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against MEXC. 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
- −$80.4
- Price spread: −0.085% → +0.046%
- −$13.13
- Slippage, 4 orders
- −$66.91
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$170.44
- Costs to cover
- 0.769%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 1 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 MEXC live order book, 5 min ago | 1.08 bp | 8.9 bp −$9 | 61.7 bp −$617 | 232.3 bp −$23.2K | 775.7 bp −$387.9K |
| Sell OKX live order book, 1 min ago | 3.22 bp | 27.9 bp −$28 | 258.1 bp −$2,581 | 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 | −0.0767% | 1h | 0.04627 | −1.364% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0476% | 4h | 0.04691 | 0.000% | $10.6M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0289% | 4h | 0.04687 | −0.085% | $2.0M | $9.5M | 20x | |
| Phoenix CHIP | −0.0171% | 1h | 0.04629 | −1.322% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0095% | 1h | 0.04661 | −0.629% | $236K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0048% | 4h | 0.04677 | −0.298% | $982K | $1.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0024% | 4h | 0.04675 | −0.341% | $662K | $980K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0028% | 1h | 0.04685 | −0.128% | $9K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0062% | 1h | 0.04643 | −1.030% | $109 | $37K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0089% | 4h | 0.04642 | −1.045% | $560K | $64K | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
KuCoin CHIPUSDTM
Gate CHIP_USDT
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDTlong | +0.0094% | 4h | 0.04691 | long leg | $1.7M | $1.2M | 50x | |
| Lighter CHIP | +0.0096% | 1h | 0.04687 | −0.085% | $97K | $113K | 3x | as long as short |
| Extended CHIP-USD | +0.0096% | 1h | 0.04687 | −0.081% | $212K | $1.0M | 5x | as long as short |
| Binance CHIPUSDT | +0.0097% | 4h | 0.04689 | −0.042% | $14.1M | $27.1M | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04697 | +0.122% | $14.6M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04692 | +0.017% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04660 | −0.661% | $16K | $3K | 3x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04688 | −0.064% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04691 | 0.000% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04695 | +0.085% | $36K | $235K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04625 | −1.413% | $813K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04668 | −0.490% | $781 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +0.559% | $45K | $37K | 50x | as long as short |
Lighter CHIP
Extended CHIP-USD
Binance CHIPUSDT
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX