Funding you earn now, next payment 01:00 UTC+0.1020%/8h= +111.6% APRnext payment +$1.27 per $10,000 · paid last 24h +0.328%
Price spread now: Coinbase International against Phoenix+1.981%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Coinbase International is 1.981% dearer against Phoenix than usual: you sell high and buy low: +$198 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04623 | −0.0172 | get 0.0021% / 1h | 32m 38s | $3K | $129K | 5x |
| Short | Coinbase International CHIP-PERP-INTX | 0.04715 | 0.0848 | get 0.0106% / 1h | 32m 38s | $45K | $40K | 50x |
Phoenix CHIP
Coinbase International CHIP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $214.12
- Price spread: +1.981% → 0.000%
- $198.14
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $395.26
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 28 min ago; Coinbase International: no order-book sample. Net counts fees only.
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, 28 min ago | 4.30 bp | 26.2 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CHIP on 22 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 | −0.1175% | 1h | 0.04645 | +0.476% | $15K | $218K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0342% | 1h | 0.04654 | +0.671% | $16K | $250K | 50x | as long as short |
| Phoenix CHIPlong | −0.0172% | 1h | 0.04623 | long leg | $3K | $129K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0026% | 4h | 0.04666 | +0.930% | $1.9M | $9.2M | 20x | as long as short |
| Nado CHIP-PERP | −0.0008% | 1h | 0.04645 | +0.476% | $234K | $19K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04667 | +0.952% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04672 | +1.053% | $14.6M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04656 | +0.711% | $38K | $254K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04663 | +0.863% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04665 | +0.909% | $14.0M | $26.1M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04661 | +0.822% | $10.9M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04652 | +0.627% | $688K | $951K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04663 | +0.865% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04659 | +0.779% | $978K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04665 | +0.909% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04658 | +0.757% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04651 | +0.601% | $874K | $459K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04653 | +0.649% | $872 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04655 | +0.688% | $211K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0401% | 1h | 0.04647 | +0.530% | $164 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0417% | 1h | 0.04649 | +0.558% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTXshort | +0.0848% | 1h | 0.04715 | +1.981% | $45K | $40K | 50x |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL