Funding you earn now, next payment 04:00 UTC+0.0438%/8h= +47.9% APRpaid last 24h +0.086%
Price spread now: Bitget against Phoenix+0.107%79s7-day average +0.068% · you sell dearer than you buy
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−$940.942% of the position
Funding, last 7 days+0.557%+$56 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.107%, 7d avg +0.068%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bitget is 0.039% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.068%. 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 | 0.04685 | −0.0338 | get 0.0042% / 1h | 34m 07s | $3K | $137K | 5x |
| Short | Bitget CHIPUSDT | 0.04690 | 0.0100 | get 0.0050% / 4h | 3h 34m | $2.0M | $3.4M | 50x |
Phoenix CHIP
Bitget CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $91.95
- Price spread: +0.107% → +0.068%
- $3.92
- Slippage, 4 orders
- −$75.17
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $1.69
- Costs to cover
- 0.942%
- Break-even
- 6.9 days
Slippage from Phoenix: live order book, 11 min ago; Bitget: live order book, 4 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, 11 min ago | 4.26 bp | 26.0 bp −$26 | 78.8 bp −$788 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.27 bp | 19.0 bp −$19 | 71.4 bp −$714 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0612% | 4h | 0.04686 | +0.021% | $10.7M | $9.1M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0436% | 1h | 0.04688 | +0.064% | $34K | $229K | 5x | as long as short |
| Phoenix CHIPlong | −0.0338% | 1h | 0.04685 | long leg | $3K | $137K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0327% | 4h | 0.04683 | −0.043% | $2.0M | $9.7M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0175% | 1h | 0.04691 | +0.128% | $16K | $244K | 50x | as long as short |
| Gate CHIP_USDT | −0.0152% | 4h | 0.04693 | +0.171% | $681K | $980K | 50x | as long as short |
| Nado CHIP-PERP | −0.0051% | 1h | 0.04684 | −0.011% | $237K | $19K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0049% | 1h | 0.04686 | +0.032% | $9K | $24K | 10x | as long as short |
| Aster CHIPUSDT | +0.0046% | 4h | 0.04692 | +0.143% | $56K | $279K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0076% | 4h | 0.04687 | +0.043% | $971K | $1.1M | 50x | as long as short |
Bybit CHIPUSDT
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Gate CHIP_USDT
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
KuCoin CHIPUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04687 | +0.043% | $96K | $114K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04692 | +0.152% | $14.5M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04692 | +0.152% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04683 | −0.043% | $14.1M | $27.0M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04683 | −0.043% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDTshort | +0.0100% | 4h | 0.04690 | +0.107% | $2.0M | $3.4M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04684 | −0.021% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04683 | −0.039% | $829K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04686 | +0.021% | $771 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04681 | −0.083% | $213K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0112% | 4h | 0.04690 | +0.107% | $566K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0150% | 1h | 0.04690 | +0.114% | $129 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04765 | +1.708% | $46K | $37K | 50x | as long as short |
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX