Funding you earn now, next payment 02:00 UTC+0.1578%/8h= +172.8% APRpaid last 24h +0.115%
Price spread now: Aster against Backpack+0.238%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$690.691% of the position
Funding, last 5 days (all we have)−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.238%, 7d avg +0.024%
=Together, before fees−0.245%+ Points / potential airdropAster: Stage 5 · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Aster is 0.214% dearer against Backpack than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 5 days funding on this pair cost −0.075%, 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 5 days it paid -0.075% in total (about -5.1% 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 | Backpack CHIP_USDC_PERP | 0.04718 | −0.1492 | get 0.0186% / 1h | 6m 55s | $14K | $221K | 5x |
| Short | Aster CHIPUSDT | 0.04729 | 0.0086 | get 0.0043% / 4h | 2h 06m | $38K | $261K | 5x |
Backpack CHIP_USDC_PERP
Aster CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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
- $331.31
- Price spread: +0.238% → +0.024%
- $21.43
- Slippage, 4 orders
- −$51.12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $283.62
- Costs to cover
- 0.691%
- Break-even
- 1.0 days
Slippage from Backpack: live order book, 61 min ago; Aster: live order book, 60 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 Backpack live order book, 61 min ago | 1.07 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 60 min ago | 7.48 bp | 22.5 bp −$23 | doesn't fit | 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_PERPlong | −0.1492% | 1h | 0.04718 | long leg | $14K | $221K | 5x | |
| Phoenix CHIP | −0.0172% | 1h | 0.04730 | +0.254% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0159% | 1h | 0.04730 | +0.254% | $16K | $244K | 50x | as long as short |
| Nado CHIP-PERP | −0.0083% | 1h | 0.04720 | +0.042% | $238K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0081% | 4h | 0.04750 | +0.678% | $2.0M | $9.4M | 20x | as long as short |
| Bybit CHIPUSDT | −0.0022% | 4h | 0.04762 | +0.933% | $11.1M | $8.7M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0004% | 1h | 0.04726 | +0.167% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDTshort | +0.0086% | 4h | 0.04729 | +0.238% | $38K | $261K | 5x | |
| Lighter CHIP | +0.0096% | 1h | 0.04724 | +0.127% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04734 | +0.343% | $14.9M | $6.0M | 3x | as long as short |
Phoenix CHIP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04730 | +0.254% | $14K | $688 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04752 | +0.720% | $14.4M | $26.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04758 | +0.848% | $703K | $961K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04756 | +0.805% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04758 | +0.848% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04756 | +0.805% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04752 | +0.721% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04742 | +0.502% | $899K | $467K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04718 | 0.000% | $648 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04753 | +0.750% | $217K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0393% | 1h | 0.04733 | +0.327% | $104 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04785 | +1.418% | $46K | $41K | 50x | as long as short |
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