Funding you earn now, next payment 08:00 UTC+0.0248%/8h= +27.2% APRnext payment +$1.24 per $10,000 · paid last 24h +0.020%
Price spread now: BloFin against OKX+0.167%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$950.946% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.167%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.153% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.24 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 | 0.04782 | −0.0126 | get 0.0063% / 4h | 46m 48s | $2.1M | $9.7M | 20x |
| Short | BloFin CHIP-USDT | 0.04790 | 0.0123 | get 0.0061% / 4h | 46m 48s | $573K | $101K | 50x |
OKX CHIP-USDT-SWAP
BloFin CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $52.15
- Price spread: +0.167% → +0.015%
- $15.26
- Slippage, 4 orders
- −$72.62
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.21
- Costs to cover
- 0.946%
- Break-even
- 10.7 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 34 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, 1 min ago | 2.09 bp | 29.5 bp −$29 | 385.6 bp −$3,856 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 34 min ago | 2.08 bp | 17.7 bp −$18 | 64.5 bp −$645 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0335% | 1h | 0.04799 | +0.355% | $3K | $125K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0241% | 1h | 0.04797 | +0.314% | $17K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0164% | 4h | 0.04786 | +0.084% | $10.9M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0126% | 4h | 0.04782 | long leg | $2.1M | $9.7M | 20x | |
| KuCoin CHIPUSDTM | −0.0018% | 4h | 0.04788 | +0.125% | $1.0M | $1.1M | 50x | as long as short |
| Nado CHIP-PERP | +0.0083% | 1h | 0.04788 | +0.115% | $242K | $18K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04786 | +0.084% | $99K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04796 | +0.291% | $14.8M | $5.9M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04784 | +0.047% | $50K | $274K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04793 | +0.232% | $16K | $4K | 3x | as long as short |
Phoenix CHIP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
KuCoin CHIPUSDTM
Nado CHIP-PERP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04782 | 0.000% | $14.4M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04788 | +0.125% | $684K | $973K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04780 | −0.042% | $1.8M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04788 | +0.125% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04783 | +0.021% | — | $1.9M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04787 | +0.105% | $26K | $228K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04786 | +0.085% | $917K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04784 | +0.042% | $571 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04780 | −0.038% | $217K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDTshort | +0.0123% | 4h | 0.04790 | +0.167% | $573K | $101K | 50x | |
| Aftermath Perps CHIPUSD | +0.0152% | 1h | 0.04789 | +0.145% | $110 | $36K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0522% | 1h | 0.04794 | +0.257% | $10K | $23K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0920% | 1h | 0.04839 | +1.198% | $46K | $37K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX