Funding you earn now, next payment 00:00 UTC+0.1391%/8h= +152.3% APRpaid last 24h +0.094%
Price spread now: Binance against Backpack+0.096%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.096%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Binance is 0.128% dearer against Backpack than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.327%, 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 -0.327% in total (about -17.1% 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 | 0.04648 | −0.1291 | get 0.0161% / 1h | 4m 21s | $15K | $236K | 5x |
| Short | Binance CHIPUSDT | 0.04652 | 0.0100 | get 0.0050% / 4h | 4m 21s | $14.0M | $26.2M | 50x |
Backpack CHIP_USDC_PERP
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $292.09
- Price spread: +0.096% → −0.032%
- $12.8
- Slippage, 4 orders
- −$42.91
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $241.98
- Costs to cover
- 0.629%
- Break-even
- 1.2 days
Slippage from Backpack: live order book, 9 min ago; Binance: live order book, 7 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, 9 min ago | 1.08 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.08 bp | 20.7 bp −$21 | 81.6 bp −$816 | 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_PERPlong | −0.1291% | 1h | 0.04648 | long leg | $15K | $236K | 5x | |
| Phoenix CHIP | −0.0173% | 1h | 0.04651 | +0.065% | $3K | $140K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0101% | 1h | 0.04653 | +0.108% | $14K | $249K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0046% | 4h | 0.04651 | +0.065% | $1.9M | $9.2M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04653 | +0.112% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0066% | 4h | 0.04649 | +0.022% | $548K | $66K | 50x | as long as short |
| Bybit CHIPUSDT | +0.0070% | 4h | 0.04654 | +0.129% | $10.8M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04655 | +0.151% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04667 | +0.409% | $14.7M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04654 | +0.120% | $46K | $241K | 5x | as long as short |
Phoenix CHIP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04655 | +0.146% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDTshort | +0.0100% | 4h | 0.04652 | +0.096% | $14.0M | $26.2M | 50x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04652 | +0.086% | $687K | $914K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04652 | +0.086% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04652 | +0.086% | $982K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04653 | +0.108% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04652 | +0.086% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04648 | +0.008% | $870K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04646 | −0.043% | $785 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04651 | +0.067% | $211K | $1.3M | 5x | as long as short |
| Nado CHIP-PERP | +0.0121% | 1h | 0.04652 | +0.075% | $233K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0297% | 1h | 0.04657 | +0.195% | $86 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04715 | +1.446% | $45K | $40K | 50x | as long as short |
Pacifica CHIP
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX