Funding you earn now, next payment 23:00 UTC+0.0277%/8h= +30.4% APRnext payment +$0.35 per $10,000 · paid last 24h +0.071%
Price spread now: Extended against Phoenix−0.223%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1211.208% of the position
Funding, last 7 days+0.534%+$53 on $10k
+Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.223%, 7d avg −0.043%
=Together, before fees+0.615%+ Points / potential airdropExtended: Active · farm board+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.180% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.223% now, against its 7-day average of −0.043%). If the spread goes back, that is −$18 on $10k: about 2.2 days of funding at the current rate (+$8 a day).
| 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 | 11m 03s | $3K | $140K | 5x |
| Short | Extended CHIP-USD | 0.04643 | 0.0104 | get 0.0013% / 1h | 11m 03s | $211K | $1.3M | 5x |
Phoenix CHIP
Extended CHIP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $58.27
- Price spread: −0.223% → −0.043%
- −$18.02
- Slippage, 4 orders
- −$108.78
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$80.53
- Costs to cover
- 1.208%
- Break-even
- 16.7 days
Slippage from Phoenix: live order book, 60 min ago; Extended: live order book, 2 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, 60 min ago | 4.34 bp | 26.4 bp −$26 | 78.5 bp −$785 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 3.56 bp | 31.6 bp −$32 | 226.7 bp −$2,267 | 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 | −0.1380% | 1h | 0.04638 | −0.322% | $15K | $236K | 5x | as long as short |
| Phoenix CHIPlong | −0.0173% | 1h | 0.04653 | long leg | $3K | $140K | 5x | |
| ApeX Omni CHIPUSDT | −0.0118% | 1h | 0.04647 | −0.129% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0073% | 4h | 0.04642 | −0.236% | $1.9M | $9.2M | 20x | as long as short |
| Bybit CHIPUSDT | +0.0016% | 4h | 0.04646 | −0.150% | $10.8M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04640 | −0.279% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04652 | −0.021% | $14.7M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04637 | −0.344% | $48K | $240K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04646 | −0.159% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04643 | −0.215% | $14.0M | $26.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CHIP_USDT | +0.0100% | 4h | 0.04644 | −0.193% | $686K | $914K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04643 | −0.215% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04646 | −0.150% | $980K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04643 | −0.215% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04638 | −0.322% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04640 | −0.272% | $869K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04643 | −0.215% | $723 | $1.1M | 10x | as long as short |
| Extended CHIP-USDshort | +0.0104% | 1h | 0.04643 | −0.223% | $211K | $1.3M | 5x | |
| BloFin CHIP-USDT | +0.0109% | 4h | 0.04637 | −0.344% | $548K | $66K | 50x | as long as short |
| Nado CHIP-PERP | +0.0147% | 1h | 0.04640 | −0.269% | $232K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0207% | 1h | 0.04660 | +0.159% | $86 | $39K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0267% | 1h | 0.04645 | −0.163% | $10K | $24K | 10x | 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
BloFin CHIP-USDT
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX