Funding you earn now, next payment 22:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h +0.074%
Price spread now: SunX against Phoenix−0.306%69s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$253as 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−$3083.080% of the position
Funding, last 7 days+0.550%+$55 on $10k
+Price spread, last 3 days (all we have)+0.499%+$50 · spread now −0.306%, 7d avg −0.008%
=Funding pays, the price is against you. SunX is 0.298% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.306% now, against its 7-day average of −0.008%). If the spread goes back, that is −$30 on $10k: about 2.2 days of funding at the current rate (+$14 a day). The two prices were read 69 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 | 0.04580 | −0.0352 | get 0.0044% / 1h | 50m 24s | $3K | $143K | 5x |
| Short | SunX CHIP-USDT | 0.04566 | 0.0100 | get 0.0050% / 4h | 1h 50m | $947 | $1.1M | 10x |
Phoenix CHIP
SunX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $95.01
- Price spread: −0.306% → −0.008%
- −$29.75
- Slippage, 4 orders
- −$293.01
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$242.75
- Costs to cover
- 3.080%
- Break-even
- 24.9 days
Slippage from Phoenix: live order book, 25 min ago; SunX: 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, 25 min ago | 4.35 bp | 26.5 bp −$26 | 78.7 bp −$787 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 47.00 bp | 129.5 bp −$129 | doesn't fit | 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 | −0.1063% | 1h | 0.04573 | −0.153% | $16K | $234K | 5x | as long as short |
| Phoenix CHIPlong | −0.0352% | 1h | 0.04580 | long leg | $3K | $143K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0246% | 4h | 0.04570 | −0.218% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0229% | 1h | 0.04571 | −0.197% | $229K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0186% | 1h | 0.04572 | −0.172% | $109 | $39K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0150% | 4h | 0.04574 | −0.131% | $10.7M | $9.0M | 20x | as long as short |
| Binance CHIPUSDT | −0.0124% | 4h | 0.04566 | −0.305% | $13.7M | $26.0M | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04569 | −0.234% | $207K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0120% | 4h | 0.04566 | −0.306% | $1.8M | $1.2M | 50x | as long as short |
| BloFin CHIP-USDT | −0.0100% | 4h | 0.04572 | −0.175% | $539K | $67K | 50x | as long as short |
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Bybit CHIPUSDT
Binance CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDT
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04575 | −0.118% | $10K | $25K | 10x | as long as short |
| Aster CHIPUSDT | +0.0024% | 4h | 0.04572 | −0.175% | $47K | $229K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04573 | −0.153% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04577 | −0.066% | $14.4M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04577 | −0.076% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04579 | −0.022% | $678K | $901K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04574 | −0.131% | $978K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04576 | −0.087% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04569 | −0.240% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04576 | −0.085% | $843K | $472K | — | as long as short |
| ApeX Omni CHIPUSDT | +0.0100% | 1h | 0.04573 | −0.153% | $14K | $249K | 50x | as long as short |
| SunX CHIP-USDTshort | +0.0100% | 4h | 0.04566 | −0.306% | $947 | $1.1M | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +3.854% | $46K | $41K | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
ApeX Omni CHIPUSDT
Coinbase International CHIP-PERP-INTX