Funding you earn now, next payment 00:00 UTC−0.0222%/8h= −24.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.002%
Price spread now: MEXC against SunX+0.044%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2762.755% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.044%, 7d avg +0.019%
=The price spread pays, funding is against you. MEXC is 0.025% dearer against SunX than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.019%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.018% in total) that is about 9.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 per $10,000. 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 | SunX CHIP-USDT | 0.04579 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $832 | $1.1M | 10x |
| Short | MEXC CHIP_USDT | 0.04581 | −0.0122 | pay 0.0061% / 4h | 1h 43m | $1.8M | $1.2M | 50x |
SunX CHIP-USDT
MEXC CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against SunX. 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
- −$46.62
- Price spread: +0.044% → +0.019%
- $2.48
- Slippage, 4 orders
- −$267.51
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$319.65
- Costs to cover
- 2.755%
- Break-even
- never at this rate
Slippage from SunX: live order book, 9 min ago; MEXC: 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 SunX live order book, 9 min ago | 47.00 bp | 125.6 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.18 bp | 13.7 bp −$14 | 70.2 bp −$702 | 223.4 bp −$22.3K | 828.3 bp −$414.2K |
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 | −0.1223% | 1h | 0.04580 | +0.022% | $16K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04575 | −0.087% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0241% | 4h | 0.04581 | +0.044% | $1.9M | $9.1M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0210% | 1h | 0.04583 | +0.081% | $146 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0201% | 1h | 0.04581 | +0.033% | $229K | $18K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0124% | 4h | 0.04591 | +0.262% | $539K | $67K | 50x | as long as short |
| MEXC CHIP_USDTshort | −0.0122% | 4h | 0.04581 | +0.044% | $1.8M | $1.2M | 50x | |
| Binance CHIPUSDT | −0.0120% | 4h | 0.04577 | −0.044% | $13.8M | $26.0M | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04582 | +0.072% | $209K | $1.3M | 5x | as long as short |
| Bybit CHIPUSDT | −0.0107% | 4h | 0.04582 | +0.066% | $10.7M | $9.0M | 20x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
BloFin 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0032% | 1h | 0.04577 | −0.044% | $14K | $248K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04586 | +0.146% | $10K | $25K | 10x | as long as short |
| Aster CHIPUSDT | +0.0032% | 4h | 0.04586 | +0.153% | $47K | $229K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04584 | +0.109% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04588 | +0.197% | $14.5M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04582 | +0.066% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04586 | +0.153% | $678K | $901K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04583 | +0.087% | $975K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04585 | +0.131% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04579 | 0.000% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04585 | +0.132% | $844K | $472K | — | as long as short |
| SunX CHIP-USDTlong | +0.0100% | 4h | 0.04579 | long leg | $832 | $1.1M | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +3.876% | $46K | $41K | 50x | as long as short |
ApeX Omni CHIPUSDT
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
Coinbase International CHIP-PERP-INTX