Funding you earn now, next payment 21:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.070%
Price spread now: Phoenix against MEXC+0.197%107s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as 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−$740.735% of the position
Funding, last 7 days−0.533%−$53 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.197%, 7d avg −0.006%
=The price spread pays, funding is against you. Phoenix is 0.203% dearer against MEXC than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of −0.006%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.533% in total) that is about 2.7 days. The two prices were read 107 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 | MEXC CHIP_USDT | 0.04580 | −0.0078 | get 0.0039% / 4h | 2h 51m | $1.8M | $1.2M | 50x |
| Short | Phoenix CHIP | 0.04589 | −0.0173 | pay 0.0022% / 1h | 51m 43s | $3K | $143K | 5x |
MEXC CHIP_USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$19.91
- Price spread: +0.197% → −0.006%
- $20.29
- Slippage, 4 orders
- −$66.51
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$73.13
- Costs to cover
- 0.735%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Phoenix: live order book, 30 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 | 11.1 bp −$11 | 60.0 bp −$600 | 230.5 bp −$23.1K | 645.5 bp −$322.7K |
| Sell Phoenix live order book, 30 min ago | 4.28 bp | 26.1 bp −$26 | 71.0 bp −$710 | 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 | −0.2107% | 1h | 0.04585 | +0.109% | $16K | $235K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.1119% | 1h | 0.04620 | +0.873% | $14K | $249K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0451% | 4h | 0.04587 | +0.153% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0181% | 1h | 0.04587 | +0.164% | $230K | $18K | 5x | as long as short |
| Phoenix CHIPshort | −0.0173% | 1h | 0.04589 | +0.197% | $3K | $143K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0156% | 4h | 0.04582 | +0.044% | $1.9M | $9.1M | 20x | as long as short |
| Binance CHIPUSDT | −0.0082% | 4h | 0.04581 | +0.022% | $13.8M | $25.6M | 50x | as long as short |
| Extended CHIP-USD | −0.0080% | 1h | 0.04582 | +0.035% | $209K | $1.3M | 5x | as long as short |
| Aster CHIPUSDT | −0.0079% | 4h | 0.04589 | +0.189% | $41K | $226K | 5x | as long as short |
| MEXC CHIP_USDTlong | −0.0078% | 4h | 0.04580 | long leg | $1.8M | $1.2M | 50x |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Binance CHIPUSDT
Extended CHIP-USD
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | −0.0071% | 4h | 0.04591 | +0.240% | $546K | $71K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04593 | +0.284% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0070% | 1h | 0.04611 | +0.677% | $85 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04585 | +0.109% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04589 | +0.207% | $14.7M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04583 | +0.061% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04592 | +0.262% | $699K | $891K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04584 | +0.087% | $995K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04591 | +0.240% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04583 | +0.066% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04622 | +0.917% | $842K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04586 | +0.131% | $964 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.854% | $46K | $41K | 50x | as long as short |
BloFin CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX