Funding you earn now, next payment 03:00 UTC+0.0610%/8h= +66.8% APRpaid last 24h +0.079%
Price spread now: KuCoin against Phoenix−0.021%108s7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as 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−$1551.553% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.021%, 7d avg +0.058%
=Funding pays, the price is against you. KuCoin is 0.079% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.058%). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.343% in total) that is about 39 hours. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.343% in total (about 17.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04746 | −0.0510 | get 0.0064% / 1h | 1m 37s | $3K | $129K | 5x |
| Short | KuCoin CHIPUSDTM | 0.04745 | 0.0100 | get 0.0050% / 4h | 1m 37s | $986K | $1.1M | 50x |
Phoenix CHIP
KuCoin CHIPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $128.05
- Price spread: −0.021% → +0.058%
- −$7.9
- Slippage, 4 orders
- −$136.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$35.13
- Costs to cover
- 1.553%
- Break-even
- 8.9 days
Slippage from Phoenix: live order book, 49 min ago; KuCoin: live order book, 3 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, 49 min ago | 4.29 bp | 26.2 bp −$26 | 79.1 bp −$791 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 9.51 bp | 34.8 bp −$35 | 468.1 bp −$4,681 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIPlong | −0.0510% | 1h | 0.04746 | long leg | $3K | $129K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0315% | 4h | 0.04748 | +0.042% | $2.0M | $9.8M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0289% | 1h | 0.04727 | −0.400% | $16K | $244K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0254% | 1h | 0.04745 | −0.021% | $34K | $251K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0241% | 4h | 0.04749 | +0.063% | $10.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0115% | 1h | 0.04736 | −0.211% | $240K | $20K | 5x | as long as short |
| Aster CHIPUSDT | −0.0003% | 4h | 0.04740 | −0.117% | $56K | $279K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04746 | −0.006% | $10K | $24K | 10x | as long as short |
| Extended CHIP-USD | +0.0080% | 1h | 0.04748 | +0.035% | $215K | $1.9M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0082% | 4h | 0.04747 | +0.021% | $1.8M | $1.2M | 50x | as long as short |
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
Nado CHIP-PERP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0086% | 4h | 0.04747 | +0.021% | $14.3M | $27.0M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04749 | +0.063% | $97K | $117K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04752 | +0.122% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04748 | +0.032% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04745 | −0.021% | $687K | $992K | 50x | as long as short |
| KuCoin CHIPUSDTMshort | +0.0100% | 4h | 0.04745 | −0.021% | $986K | $1.1M | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04749 | +0.063% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04750 | +0.084% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04723 | −0.491% | $839K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04738 | −0.169% | $804 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDT | +0.0119% | 4h | 0.04740 | −0.126% | $567K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0132% | 1h | 0.04744 | −0.036% | $125 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04759 | +0.270% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX