Funding you earn now, next payment 01:00 UTC+0.1109%/8h= +121.5% APRpaid last 24h +0.111%
Price spread now: Bitget against Backpack+0.129%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 7 days−0.285%−$28 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.129%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Bitget is 0.083% dearer against Backpack than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.285%, 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 -0.285% in total (about -14.8% 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 | −0.1009 | get 0.0126% / 1h | 17m 55s | $14K | $229K | 5x |
| Short | Bitget CHIPUSDT | 0.04654 | 0.0100 | get 0.0050% / 4h | 3h 17m | $2.0M | $3.2M | 50x |
Backpack CHIP_USDC_PERP
Bitget CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $232.94
- Price spread: +0.129% → +0.047%
- $8.25
- Slippage, 4 orders
- −$55.06
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $164.13
- Costs to cover
- 0.771%
- Break-even
- 2.1 days
Slippage from Backpack: live order book, 55 min ago; Bitget: live order book, 5 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, 55 min ago | 1.08 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 6.45 bp | 23.3 bp −$23 | 71.1 bp −$711 | 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 | −0.1009% | 1h | 0.04648 | long leg | $14K | $229K | 5x | |
| ApeX Omni CHIPUSDT | −0.0301% | 1h | 0.04647 | −0.022% | $17K | $249K | 50x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04641 | −0.151% | $3K | $140K | 5x | as long as short |
| Nado CHIP-PERP | −0.0147% | 1h | 0.04630 | −0.398% | $232K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0023% | 4h | 0.04654 | +0.129% | $1.9M | $9.1M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04652 | +0.086% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04662 | +0.299% | $14.6M | $6.5M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04646 | −0.049% | $48K | $238K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04630 | −0.379% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04654 | +0.128% | $14.0M | $26.0M | 50x | as long as short |
ApeX Omni CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04656 | +0.172% | $10.8M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04649 | +0.022% | $688K | $909K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04654 | +0.129% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04650 | +0.043% | $973K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDTshort | +0.0100% | 4h | 0.04654 | +0.129% | $2.0M | $3.2M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04653 | +0.108% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04642 | −0.135% | $872K | $467K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04628 | −0.430% | $686 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04653 | +0.108% | $211K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0117% | 4h | 0.04651 | +0.065% | $547K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0355% | 1h | 0.04644 | −0.077% | $86 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04664 | +0.342% | $45K | $40K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.1384% | 1h | 0.04659 | +0.232% | $10K | $24K | 10x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUAL