CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0243%/8h= +26.6% APRnext payment +$1.22 per $10,000 · paid last 24h −0.007%

Price spread now: KuCoin against OKX+0.043%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1471.469% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 7 days−0.075%−$8 · spread now +0.043%, 7d avg +0.014%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.029% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.22 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	0.04607	−0.0143	get 0.0072% / 4h	1h 08m	$1.9M	$9.2M	20x
Short	KuCoin CHIPUSDTM	0.04609	0.0100	get 0.0050% / 4h	1h 08m	$986K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee KuCoinbpOrdersPrice spread, now +0.043%Rate

Funding earned: $51.11
Price spread: +0.043% → +0.014%: $2.91
Slippage, 4 orders: −$124.93
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.91
Costs to cover: 1.469%
Break-even: 19.7 days

Slippage from OKX: live order book, 4 min ago; KuCoin: 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 OKX live order book, 4 min ago	1.09 bp	24.5 bp −$25	346.3 bp −$3,463	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.25 bp	51.0 bp −$51	469.5 bp −$4,695	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	−0.1278%	1h	0.04613	+0.130%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04607	0.000%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAPlong	−0.0143%	4h	0.04607	long leg	$1.9M	$9.2M	20x
Nado CHIP-PERP	−0.0141%	1h	0.04611	+0.087%	$231K	$18K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0130%	1h	0.04609	+0.040%	$71	$39K	5x	as long as short
BloFin CHIP-USDT	−0.0076%	4h	0.04606	−0.022%	$541K	$67K	50x	as long as short
Extended CHIP-USD	−0.0040%	1h	0.04607	+0.001%	$210K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0038%	4h	0.04607	0.000%	$13.8M	$26.0M	50x	as long as short
ApeX Omni CHIPUSDT	−0.0036%	1h	0.04604	−0.065%	$14K	$247K	50x	as long as short
MEXC CHIP_USDT	−0.0036%	4h	0.04607	0.000%	$1.8M	$1.2M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04613	+0.128%	$10K	$25K	10x	as long as short
Bybit CHIPUSDT	+0.0060%	4h	0.04612	+0.109%	$10.7M	$8.9M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04611	+0.087%	$86K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04617	+0.215%	$14.5M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04614	+0.152%	$49K	$230K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04610	+0.065%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04610	+0.065%	$680K	$910K	50x	as long as short
KuCoin CHIPUSDTMshort	+0.0100%	4h	0.04609	+0.043%	$986K	$1.1M	50x
Bitget CHIPUSDT	+0.0100%	4h	0.04610	+0.065%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04608	+0.022%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04601	−0.133%	$848K	$453K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04603	−0.087%	$692	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04636	+0.627%	$45K	$40K	50x	as long as short