Funding you earn now, next payment 00:00 UTC+0.0346%/8h= +37.9% APRnext payment +$0.43 per $10,000 · paid last 24h −0.005%
Price spread now: Phoenix against ApeX Omni−0.130%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$850.848% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.130%, 7d avg −0.012%
=Funding pays, the price is against you. Phoenix is 0.117% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.012%). If the spread goes back, that is −$12 on $10k: about 27 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | ApeX Omni CHIPUSDT | 0.04624 | −0.0518 | get 0.0065% / 1h | 34m 39s | $14K | $248K | 50x |
| Short | Phoenix CHIP | 0.04618 | −0.0172 | pay 0.0022% / 1h | 34m 39s | $3K | $140K | 5x |
ApeX Omni CHIPUSDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX 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
- $72.63
- Price spread: −0.130% → −0.012%
- −$11.73
- Slippage, 4 orders
- −$67.83
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.94
- Costs to cover
- 0.848%
- Break-even
- 9.3 days
Slippage from ApeX Omni: live order book, 37 min ago; Phoenix: live order book, 31 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 ApeX Omni live order book, 37 min ago | 8.63 bp | 16.7 bp −$17 | 124.1 bp −$1,241 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 31 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | 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 | −0.1166% | 1h | 0.04617 | −0.151% | $14K | $233K | 5x | as long as short |
| ApeX Omni CHIPUSDTlong | −0.0518% | 1h | 0.04624 | long leg | $14K | $248K | 50x | |
| Nado CHIP-PERP | −0.0182% | 1h | 0.04614 | −0.205% | $231K | $18K | 5x | as long as short |
| Phoenix CHIPshort | −0.0172% | 1h | 0.04618 | −0.130% | $3K | $140K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0051% | 4h | 0.04618 | −0.130% | $1.9M | $9.0M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04622 | −0.039% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0085% | 4h | 0.04617 | −0.151% | $547K | $65K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04622 | −0.043% | $86K | $108K | 3x | as long as short |
| Bybit CHIPUSDT | +0.0098% | 4h | 0.04620 | −0.087% | $10.8M | $8.7M | 20x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04626 | +0.039% | $14.5M | $6.6M | 3x | as long as short |
Backpack CHIP_USDC_PERP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Lighter CHIP
Bybit CHIPUSDT
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04618 | −0.137% | $46K | $237K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04620 | −0.087% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04617 | −0.150% | $13.9M | $26.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04620 | −0.087% | $682K | $907K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04618 | −0.130% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04618 | −0.130% | $970K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04618 | −0.130% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04619 | −0.108% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | −0.134% | $866K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04607 | −0.368% | $602 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04617 | −0.150% | $210K | $2.0M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0363% | 1h | 0.04618 | −0.126% | $85 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04647 | +0.497% | $45K | $40K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX