Funding you earn now, next payment 23:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.076%
Price spread now: Binance against Phoenix−0.172%85s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.911% of the position
Funding, last 7 days+0.534%+$53 on $10k
+Price spread, last 3 days (all we have)+0.207%+$21 · spread now −0.172%, 7d avg +0.006%
=Funding pays, the price is against you. Binance is 0.178% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of +0.006%). If the spread goes back, that is −$18 on $10k: about 2.2 days of funding at the current rate (+$8 a day). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04653 | −0.0173 | get 0.0022% / 1h | 12m 06s | $3K | $140K | 5x |
| Short | Binance CHIPUSDT | 0.04645 | 0.0100 | get 0.0050% / 4h | 12m 06s | $14.0M | $26.2M | 50x |
Phoenix CHIP
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $57.43
- Price spread: −0.172% → +0.006%
- −$17.75
- Slippage, 4 orders
- −$74.08
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$51.4
- Costs to cover
- 0.911%
- Break-even
- 13.3 days
Slippage from Phoenix: live order book, 59 min ago; Binance: live order book, 14 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, 59 min ago | 4.34 bp | 26.4 bp −$26 | 78.5 bp −$785 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.07 bp | 16.1 bp −$16 | 86.5 bp −$865 | 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 | −0.1374% | 1h | 0.04648 | −0.107% | $15K | $236K | 5x | as long as short |
| Phoenix CHIPlong | −0.0173% | 1h | 0.04653 | long leg | $3K | $140K | 5x | |
| ApeX Omni CHIPUSDT | −0.0119% | 1h | 0.04661 | +0.172% | $14K | $249K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0071% | 4h | 0.04645 | −0.172% | $1.9M | $9.2M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04651 | −0.045% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | +0.0023% | 4h | 0.04649 | −0.086% | $10.8M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04649 | −0.086% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04661 | +0.176% | $14.7M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04647 | −0.129% | $48K | $240K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04651 | −0.049% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
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 CHIPUSDTshort | +0.0100% | 4h | 0.04645 | −0.172% | $14.0M | $26.2M | 50x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04658 | +0.107% | $688K | $914K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04644 | −0.193% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04656 | +0.064% | $982K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04646 | −0.150% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04647 | −0.129% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04662 | +0.190% | $874K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04643 | −0.215% | $688 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04645 | −0.180% | $211K | $1.3M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0113% | 4h | 0.04644 | −0.193% | $548K | $66K | 50x | as long as short |
| Nado CHIP-PERP | +0.0152% | 1h | 0.04645 | −0.161% | $232K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0194% | 1h | 0.04663 | +0.225% | $86 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04715 | +1.337% | $45K | $40K | 50x | as long as short |
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX