Funding you earn now, next payment 22:00 UTC−0.2052%/8h= −224.7% APRpaid last 24h −0.069%
Price spread now: Backpack against Aster−0.078%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 5 days (all we have)+0.151%+$15 on $10k
+Price spread, last 4 days (all we have)+0.663%+$66 · spread now −0.078%, 7d avg −0.029%
=Together, before fees+0.813%+ Points / potential airdropAster: Stage 5 · farm board+$81 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$62 a day on $10k at the current rate, and Backpack is 0.050% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.029%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.151%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.151% in total (about 10.5% 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 | Aster CHIPUSDT | 0.04586 | −0.0078 | get 0.0039% / 4h | 2h 50m | $41K | $226K | 5x |
| Short | Backpack CHIP_USDC_PERP | 0.04582 | −0.2130 | pay 0.0266% / 1h | 50m 29s | $16K | $235K | 5x |
Aster CHIPUSDT
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- −$430.86
- Price spread: −0.078% → −0.029%
- −$4.96
- Slippage, 4 orders
- −$52.65
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$506.47
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from Aster: live order book, 36 min ago; Backpack: live order book, 37 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 Aster live order book, 36 min ago | 7.51 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 37 min ago | 3.21 bp | 10.9 bp −$11 | 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 | −0.2130% | 1h | 0.04582 | −0.078% | $16K | $235K | 5x | |
| ApeX Omni CHIPUSDT | −0.1160% | 1h | 0.04592 | +0.140% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0517% | 4h | 0.04585 | −0.013% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0181% | 1h | 0.04581 | −0.089% | $229K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04589 | +0.074% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0172% | 4h | 0.04582 | −0.078% | $1.9M | $9.1M | 20x | as long as short |
| BloFin CHIP-USDT | −0.0130% | 4h | 0.04583 | −0.057% | $547K | $71K | 50x | as long as short |
| Binance CHIPUSDT | −0.0082% | 4h | 0.04582 | −0.084% | $13.8M | $25.6M | 50x | as long as short |
| Extended CHIP-USD | −0.0080% | 1h | 0.04581 | −0.097% | $209K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0080% | 4h | 0.04581 | −0.100% | $1.8M | $1.2M | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Binance CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDTlong | −0.0078% | 4h | 0.04586 | long leg | $41K | $226K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04587 | +0.042% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0073% | 1h | 0.04607 | +0.459% | $85 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04585 | −0.013% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04588 | +0.052% | $14.7M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04584 | −0.037% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04588 | +0.052% | $699K | $891K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04584 | −0.035% | $995K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04589 | +0.074% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04582 | −0.078% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04585 | −0.012% | $836K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04581 | −0.100% | $809 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.727% | $46K | $41K | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX