Funding you earn now, next payment 04:00 UTC+0.0375%/8h= +41.0% APRnext payment +$1.87 per $10,000 · paid last 24h +0.007%
Price spread now: Bitget against OKX+0.167%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$990.989% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 7 days−0.191%−$19 · spread now +0.167%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bitget is 0.136% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.031%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.87 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 | OKX CHIP-USDT-SWAP | 0.04790 | −0.0275 | get 0.0137% / 4h | 1h 19m | $2.1M | $9.6M | 20x |
| Short | Bitget CHIPUSDT | 0.04798 | 0.0100 | get 0.0050% / 4h | 1h 19m | $2.0M | $3.3M | 50x |
OKX CHIP-USDT-SWAP
Bitget CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- $78.67
- Price spread: +0.167% → +0.031%
- $13.56
- Slippage, 4 orders
- −$76.89
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$6.66
- Costs to cover
- 0.989%
- Break-even
- 7.6 days
Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 3 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 OKX live order book, 4 min ago | 3.12 bp | 23.9 bp −$24 | 345.2 bp −$3,452 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 7.28 bp | 27.7 bp −$28 | 86.6 bp −$866 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0587% | 4h | 0.04794 | +0.084% | $11.1M | $8.9M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0535% | 1h | 0.04815 | +0.522% | $17K | $245K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0430% | 1h | 0.04798 | +0.167% | $26K | $237K | 5x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04798 | +0.167% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0275% | 4h | 0.04790 | long leg | $2.1M | $9.6M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0145% | 1h | 0.04804 | +0.282% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | −0.0042% | 4h | 0.04799 | +0.185% | $46K | $271K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04794 | +0.084% | $89K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04808 | +0.374% | $15.1M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04791 | +0.023% | $14K | $689 | 3x | as long as short |
Bybit CHIPUSDT
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04791 | +0.021% | $14.5M | $26.4M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04798 | +0.167% | $708K | $950K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04789 | −0.021% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04793 | +0.063% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDTshort | +0.0100% | 4h | 0.04798 | +0.167% | $2.0M | $3.3M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04791 | +0.021% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04817 | +0.556% | $857K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04797 | +0.146% | $772 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04793 | +0.068% | $221K | $1.9M | 5x | as long as short |
| Nado CHIP-PERP | +0.0107% | 1h | 0.04790 | 0.000% | $242K | $19K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0125% | 4h | 0.04816 | +0.543% | $575K | $63K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0398% | 1h | 0.04801 | +0.223% | $134 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +1.353% | $47K | $42K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Nado CHIP-PERP
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX