Funding you earn now, next payment 12:00 UTC+0.0456%/8h= +49.9% APRnext payment +$2.28 per $10,000 · paid last 24h +0.034%
Price spread now: MEXC against OKX+0.044%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 7 days−0.168%−$17 · spread now +0.044%, 7d avg −0.042%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and MEXC is 0.086% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.042%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.28 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CHIP-USDT-SWAP | 0.04595 | −0.0356 | get 0.0178% / 4h | 52m 39s | $2.1M | $7.2M | 20x |
| Short | MEXC CHIP_USDT | 0.04597 | 0.0100 | get 0.0050% / 4h | 52m 39s | $2.1M | $907K | 50x |
OKX CHIP-USDT-SWAP
MEXC CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $95.69
- Price spread: +0.044% → −0.042%
- $8.59
- Slippage, 4 orders
- −$52.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $41.49
- Costs to cover
- 0.628%
- Break-even
- 4.0 days
Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago | 1.09 bp | 16.8 bp −$17 | 285.7 bp −$2,857 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.09 bp | 12.2 bp −$12 | 86.7 bp −$867 | 245.2 bp −$24.5K | 792.6 bp −$396.3K |
CHIP on 23 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0999% | 1h | 0.04596 | +0.022% | $16K | $230K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0965% | 1h | 0.04603 | +0.185% | $9K | $1K | 10x | as long as short |
| Aftermath Perps CHIPUSD | −0.0462% | 1h | 0.04606 | +0.235% | $166 | $33K | 5x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0356% | 4h | 0.04595 | long leg | $2.1M | $7.2M | 20x | |
| Phoenix CHIP | −0.0348% | 1h | 0.04601 | +0.131% | $3K | $68K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0279% | 4h | 0.04601 | +0.131% | $10.4M | $7.8M | 20x | as long as short |
| Nado CHIP-PERP | −0.0271% | 1h | 0.04598 | +0.065% | $233K | $17K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0044% | 4h | 0.04600 | +0.109% | $951K | $1.0M | 50x | as long as short |
| Aster CHIPUSDT | −0.0022% | 4h | 0.04601 | +0.124% | $47K | $243K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04602 | +0.152% | $96K | $86K | 3x | as long as short |
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Phoenix CHIP
Bybit CHIPUSDT
Nado CHIP-PERP
KuCoin CHIPUSDTM
Aster CHIPUSDT
Lighter CHIPShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04607 | +0.268% | $13.6M | $5.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04600 | +0.109% | $15K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04593 | −0.044% | $13.7M | $22.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04602 | +0.152% | $710K | $733K | 50x | as long as short |
| MEXC CHIP_USDTshort | +0.0100% | 4h | 0.04597 | +0.044% | $2.1M | $907K | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04596 | +0.022% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04596 | +0.022% | — | $1.8M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04603 | +0.174% | $28K | $189K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04599 | +0.093% | $852K | $451K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04596 | +0.022% | $1K | $797K | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04593 | −0.045% | $208K | $1.6M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0153% | 4h | 0.04595 | 0.000% | $557K | $110K | 50x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0992% | 1h | 0.04666 | +1.545% | $50K | $50K | 50x | as long as short |
Hyperliquid CHIP
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Coinbase International CHIP-PERP-INTX