Funding you earn now, next payment 00:00 UTC−0.0302%/8h= −33.0% APRnext payment −$0.38 per $10,000 · paid last 24h +0.005%
Price spread now: ApeX Omni against Phoenix−0.087%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.087%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.099% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.111%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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 | Phoenix CHIP | 0.04623 | −0.0172 | get 0.0022% / 1h | 40m 48s | $3K | $140K | 5x |
| Short | ApeX Omni CHIPUSDT | 0.04619 | −0.0474 | pay 0.0059% / 1h | 40m 48s | $14K | $248K | 50x |
Phoenix CHIP
ApeX Omni CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$63.35
- Price spread: −0.087% → +0.012%
- −$9.9
- Slippage, 4 orders
- −$67.83
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$158.08
- Costs to cover
- 0.848%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 25 min ago; ApeX Omni: live order book, 31 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 Phoenix live order book, 25 min ago | 4.30 bp | 26.2 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 31 min ago | 8.63 bp | 15.7 bp −$16 | 126.0 bp −$1,260 | 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 | −0.1020% | 1h | 0.04608 | −0.324% | $14K | $233K | 5x | as long as short |
| ApeX Omni CHIPUSDTshort | −0.0474% | 1h | 0.04619 | −0.087% | $14K | $248K | 50x | |
| Bybit CHIPUSDT | −0.0245% | 4h | 0.04618 | −0.108% | $10.8M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0193% | 1h | 0.04607 | −0.335% | $230K | $18K | 5x | as long as short |
| Phoenix CHIPlong | −0.0172% | 1h | 0.04623 | long leg | $3K | $140K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0072% | 4h | 0.04614 | −0.195% | $1.9M | $9.1M | 20x | as long as short |
| Gate CHIP_USDT | +0.0088% | 4h | 0.04613 | −0.216% | $681K | $906K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04620 | −0.065% | $86K | $108K | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04609 | −0.303% | $46K | $237K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04613 | −0.208% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Gate CHIP_USDT
Lighter 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 | 0.04616 | −0.151% | $13.9M | $26.1M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04616 | −0.151% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04619 | −0.087% | $972K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04617 | −0.130% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04617 | −0.130% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04615 | −0.178% | $865K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04615 | −0.173% | $789 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04606 | −0.378% | $211K | $1.6M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0109% | 4h | 0.04601 | −0.476% | $543K | $64K | 50x | as long as short |
| Hyperliquid CHIP | +0.0153% | 1h | 0.04617 | −0.128% | $14.5M | $6.8M | 3x | as long as short |
| Aftermath Perps CHIPUSD | +0.0406% | 1h | 0.04619 | −0.082% | $85 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0422% | 1h | 0.04616 | −0.154% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +1.994% | $45K | $40K | 50x | as long as short |
Binance CHIPUSDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Hyperliquid CHIP
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX