Funding you earn now, next payment 05:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.090%
Price spread now: BingX against Phoenix−0.728%79s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$1021.025% of the position
Funding, last 7 days+0.556%+$56 on $10k
+Price spread, last 4 days (all we have)+0.729%+$73 · spread now −0.728%, 7d avg +0.019%
=Funding pays, the price is against you. BingX is 0.746% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.728% now, against its 7-day average of +0.019%). If the spread goes back, that is −$75 on $10k: about 9.2 days of funding at the current rate (+$8 a day). The two prices were read 79 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 | 0.04672 | −0.0171 | get 0.0021% / 1h | 32m 02s | $3K | $129K | 5x |
| Short | BingX CHIP-USDT | 0.04638 | 0.0100 | get 0.0050% / 4h | 2h 32m | — | $2.0M | — |
Phoenix CHIP
BingX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $56.99
- Price spread: −0.728% → +0.019%
- −$74.64
- Slippage, 4 orders
- −$85.49
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$120.15
- Costs to cover
- 1.025%
- Break-even
- 21.8 days
Slippage from Phoenix: live order book, 9 min ago; BingX: 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 Phoenix live order book, 9 min ago | 4.32 bp | 26.3 bp −$26 | 79.7 bp −$797 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 7.55 bp | 25.3 bp −$25 | 83.9 bp −$839 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0634% | 1h | 0.04690 | +0.385% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0483% | 4h | 0.04641 | −0.664% | $10.5M | $9.1M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0375% | 1h | 0.04639 | −0.713% | $9K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0284% | 4h | 0.04635 | −0.792% | $2.0M | $9.5M | 20x | as long as short |
| Phoenix CHIPlong | −0.0171% | 1h | 0.04672 | long leg | $3K | $129K | 5x | |
| Nado CHIP-PERP | −0.0080% | 1h | 0.04639 | −0.706% | $235K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0018% | 4h | 0.04638 | −0.728% | $975K | $1.2M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0071% | 4h | 0.04633 | −0.835% | $555K | $64K | 50x | as long as short |
| Binance CHIPUSDT | +0.0094% | 4h | 0.04633 | −0.833% | $13.9M | $27.2M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04638 | −0.728% | $96K | $113K | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
KuCoin CHIPUSDTM
BloFin CHIP-USDT
Binance CHIPUSDT
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0096% | 1h | 0.04633 | −0.829% | $211K | $1.0M | 5x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04646 | −0.550% | $14.4M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04635 | −0.798% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04641 | −0.664% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04643 | −0.621% | $663K | $973K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04635 | −0.792% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04636 | −0.771% | $1.9M | $3.4M | 50x | as long as short |
| BingX CHIP-USDTshort | +0.0100% | 4h | 0.04638 | −0.728% | — | $2.0M | — | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | +0.006% | $822K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04636 | −0.771% | $646 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0120% | 1h | 0.04661 | −0.242% | $110 | $37K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0147% | 1h | 0.04642 | −0.642% | $34K | $235K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +0.967% | $45K | $37K | 50x | as long as short |
Extended CHIP-USD
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Backpack CHIP_USDC_PERP
Coinbase International CHIP-PERP-INTX