Funding you earn now, next payment 23:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.079%
Price spread now: Gate against Phoenix+0.790%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days+0.533%+$53 on $10k
+Price spread, last 3 days (all we have)−0.703%−$70 · spread now +0.790%, 7d avg +0.101%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.689% dearer against Phoenix than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04683 | −0.0173 | get 0.0022% / 1h | 37m 01s | $3K | $140K | 5x |
| Short | Gate CHIP_USDT | 0.04720 | 0.0100 | get 0.0050% / 4h | 37m 01s | $698K | $912K | 50x |
Phoenix CHIP
Gate CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.790% → +0.101%
- $68.86
- Slippage, 4 orders
- −$111.79
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$7.49
- Costs to cover
- 1.338%
- Break-even
- 7.9 days
Slippage from Phoenix: live order book, 34 min ago; Gate: live order book, 40 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, 34 min ago | 4.34 bp | 26.4 bp −$26 | 78.5 bp −$785 | doesn't fit | doesn't fit |
| Sell Gate live order book, 40 min ago | 7.59 bp | 42.7 bp −$43 | 254.6 bp −$2,546 | 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 | −0.1271% | 1h | 0.04717 | +0.726% | $15K | $234K | 5x | as long as short |
| Phoenix CHIPlong | −0.0173% | 1h | 0.04683 | long leg | $3K | $140K | 5x | |
| Aftermath Perps CHIPUSD | −0.0095% | 1h | 0.04698 | +0.324% | $87 | $39K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0048% | 4h | 0.04709 | +0.555% | $2.0M | $9.3M | 20x | as long as short |
| BloFin CHIP-USDT | +0.0017% | 4h | 0.04724 | +0.876% | $503K | $67K | 50x | as long as short |
| ApeX Omni CHIPUSDT | +0.0027% | 1h | 0.04703 | +0.427% | $14K | $248K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0028% | 4h | 0.04719 | +0.769% | $1.8M | $1.1M | 50x | as long as short |
| Binance CHIPUSDT | +0.0029% | 4h | 0.04714 | +0.665% | $14.2M | $26.2M | 50x | as long as short |
| Extended CHIP-USD | +0.0032% | 1h | 0.04718 | +0.752% | $215K | $1.3M | 5x | as long as short |
| Bybit CHIPUSDT | +0.0081% | 4h | 0.04716 | +0.705% | $11.0M | $8.9M | 20x | as long as short |
Backpack CHIP_USDC_PERP
Aftermath Perps CHIPUSD
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
ApeX Omni CHIPUSDT
MEXC CHIP_USDT
Binance CHIPUSDT
Extended CHIP-USD
Bybit CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04718 | +0.747% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04724 | +0.873% | $14.9M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04718 | +0.742% | $51K | $236K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04720 | +0.790% | $14K | $628 | 3x | as long as short |
| Gate CHIP_USDTshort | +0.0100% | 4h | 0.04720 | +0.790% | $698K | $912K | 50x | |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04717 | +0.726% | $994K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04718 | +0.747% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04712 | +0.619% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04689 | +0.126% | $877K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04721 | +0.811% | $807 | $1.1M | 10x | as long as short |
| Nado CHIP-PERP | +0.0418% | 1h | 0.04722 | +0.833% | $236K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0427% | 1h | 0.04730 | +1.006% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04716 | +0.698% | $45K | $40K | 50x | as long as short |
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX