Funding you earn now, next payment 01:00 UTC−0.0272%/8h= −29.7% APRpaid last 24h −0.081%
Price spread now: Phoenix against Variational Omni+0.082%7-day average −0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.276%−$28 on $10k
+Price spread, last 4 days (all we have)−1.197%−$120 · spread now +0.082%, 7d avg −0.045%
=Together, before fees−1.473%+ Points / potential airdropVariational Omni: Active · farm board−$147 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.127% dearer against Variational Omni than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.045%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CHIP | 0.04716 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $894K | $467K | — |
| Short | Phoenix CHIP | 0.04720 | −0.0172 | pay 0.0021% / 1h | 11m 14s | $3K | $129K | 5x |
Variational Omni CHIP
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$57.04
- Price spread: +0.082% → −0.045%
- $12.7
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$51.34
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 58 min ago; Phoenix: live order book, 49 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, 58 min ago | 7.47 bp | doesn't fit | 131.3 bp −$1,313 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 49 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | doesn't fit | doesn't fit |
CHIP on 22 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 | −0.1372% | 1h | 0.04755 | +0.824% | $16K | $221K | 5x | as long as short |
| Phoenix CHIPshort | −0.0172% | 1h | 0.04720 | +0.082% | $3K | $129K | 5x | |
| ApeX Omni CHIPUSDT | −0.0157% | 1h | 0.04729 | +0.273% | $16K | $244K | 50x | as long as short |
| Nado CHIP-PERP | −0.0066% | 1h | 0.04743 | +0.570% | $239K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0030% | 4h | 0.04757 | +0.867% | $2.0M | $9.4M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04760 | +0.930% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04751 | +0.733% | $14.9M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04745 | +0.621% | $37K | $261K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04753 | +0.775% | $14K | $604 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04757 | +0.867% | $14.3M | $26.1M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04763 | +0.994% | $11.1M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04751 | +0.739% | $696K | $961K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04757 | +0.867% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04763 | +0.994% | $996K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04761 | +0.951% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04738 | +0.464% | — | $1.9M | — | as long as short |
| Variational Omni CHIPlong | +0.0100% | 4h | 0.04716 | long leg | $894K | $467K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04747 | +0.655% | $1K | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04755 | +0.820% | $217K | $1.9M | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0148% | 1h | 0.04776 | +1.261% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0423% | 1h | 0.04728 | +0.260% | $222 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04785 | +1.458% | $46K | $41K | 50x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
SunX CHIP-USDT
Extended CHIP-USD
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX