Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX−0.043%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1141.135% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now −0.043%, 7d avg +0.055%
=Funding pays, the price is against you. Gate is 0.098% cheaper against OKX than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.055%). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.076% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 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 | 0.04604 | −0.0200 | get 0.0100% / 4h | 2h 17m | $1.9M | $9.1M | 20x |
| Short | Gate CHIP_USDT | 0.04602 | 0.0100 | get 0.0050% / 4h | 2h 17m | $682K | $903K | 50x |
OKX CHIP-USDT-SWAP
Gate CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $62.95
- Price spread: −0.043% → +0.055%
- −$9.83
- Slippage, 4 orders
- −$88.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$60.42
- Costs to cover
- 1.135%
- Break-even
- 13.7 days
Slippage from OKX: live order book, 6 min ago; Gate: 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 OKX live order book, 6 min ago | 1.09 bp | 14.9 bp −$15 | 304.6 bp −$3,046 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 13.02 bp | 38.5 bp −$38 | 234.0 bp −$2,340 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | −0.0770% | 1h | 0.04603 | −0.011% | $10K | $24K | 10x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0753% | 1h | 0.04603 | −0.022% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0590% | 1h | 0.04607 | +0.065% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0220% | 4h | 0.04603 | −0.022% | $10.7M | $8.9M | 20x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0200% | 4h | 0.04604 | long leg | $1.9M | $9.1M | 20x | |
| Nado CHIP-PERP | −0.0179% | 1h | 0.04602 | −0.033% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04605 | +0.022% | $3K | $143K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0141% | 4h | 0.04602 | −0.043% | $543K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04602 | −0.033% | $210K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0120% | 4h | 0.04599 | −0.109% | $1.8M | $1.2M | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
BloFin CHIP-USDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | −0.0119% | 4h | 0.04599 | −0.103% | $13.9M | $25.7M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0094% | 1h | 0.04607 | +0.061% | $115 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0015% | 4h | 0.04605 | +0.025% | $44K | $225K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04603 | −0.022% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04608 | +0.096% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04603 | −0.022% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDTshort | +0.0100% | 4h | 0.04602 | −0.043% | $682K | $903K | 50x | |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04601 | −0.065% | $983K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04607 | +0.065% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04602 | −0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04610 | +0.125% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04599 | −0.109% | $622 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.312% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX