Funding you earn now, next payment 23:00 UTC−0.1370%/8h= −150.1% APRpaid last 24h −0.080%
Price spread now: Backpack against Variational Omni−0.085%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.355%−$36 on $10k
+Price spread, last 3 days (all we have)−0.198%−$20 · spread now −0.085%, 7d avg −0.017%
=Together, before fees−0.554%+ Points / potential airdropVariational Omni: Active · farm board−$55 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Backpack is 0.068% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.355% in total (about -39.6% 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 | Variational Omni CHIP | 0.04597 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $846K | $455K | — |
| Short | Backpack CHIP_USDC_PERP | 0.04593 | −0.1270 | pay 0.0159% / 1h | 24m 55s | $16K | $234K | 5x |
Variational Omni CHIP
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- −$287.79
- Price spread: −0.085% → −0.017%
- −$6.84
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$304.63
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Backpack: live order book, 58 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 59 min ago | 7.58 bp | doesn't fit | 128.9 bp −$1,289 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 58 min ago | 2.17 bp | 13.0 bp −$13 | 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_PERPshort | −0.1270% | 1h | 0.04593 | −0.085% | $16K | $234K | 5x | |
| Phoenix CHIP | −0.0352% | 1h | 0.04587 | −0.216% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0172% | 4h | 0.04595 | −0.042% | $1.9M | $9.1M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0162% | 1h | 0.04593 | −0.093% | $110 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0108% | 1h | 0.04590 | −0.151% | $230K | $18K | 5x | as long as short |
| Binance CHIPUSDT | −0.0074% | 4h | 0.04592 | −0.097% | $13.8M | $26.0M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0074% | 4h | 0.04593 | −0.085% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | −0.0072% | 1h | 0.04594 | −0.072% | $209K | $1.3M | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0049% | 1h | 0.04598 | +0.023% | $14K | $247K | 50x | as long as short |
| BloFin CHIP-USDT | −0.0044% | 4h | 0.04590 | −0.151% | $539K | $67K | 50x | as long as short |
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
Binance CHIPUSDT
MEXC CHIP_USDT
Extended CHIP-USD
ApeX Omni CHIPUSDT
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0050% | 4h | 0.04594 | −0.064% | $10.7M | $8.9M | 20x | as long as short |
| Aster CHIPUSDT | +0.0086% | 4h | 0.04594 | −0.057% | $48K | $229K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04597 | +0.002% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04598 | +0.032% | $14.5M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04590 | −0.144% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04594 | −0.064% | $677K | $904K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04595 | −0.042% | $979K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04597 | +0.002% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04593 | −0.085% | — | $1.9M | — | as long as short |
| Variational Omni CHIPlong | +0.0100% | 4h | 0.04597 | long leg | $846K | $455K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04591 | −0.129% | $692 | $1.1M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0185% | 1h | 0.04599 | +0.041% | $10K | $25K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04618 | +0.465% | $45K | $39K | 50x | as long as short |
Bybit CHIPUSDT
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
SunX CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX