Funding you earn now, next payment 03:00 UTC+0.0456%/8h= +49.9% APRpaid last 24h +0.135%
Price spread now: Gate against Backpack−0.125%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1041.036% of the position
Funding, last 7 days−0.265%−$27 on $10k
+Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.125%, 7d avg +0.078%
=Funding pays, the price is against you. Gate is 0.203% cheaper against Backpack than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.078%). If the spread goes back, that is −$20 on $10k: about 36 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.265%, 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 -0.265% in total (about -13.8% 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 | 0.04807 | −0.0356 | get 0.0044% / 1h | 16m 01s | $26K | $237K | 5x |
| Short | Gate CHIP_USDT | 0.04801 | 0.0100 | get 0.0050% / 4h | 1h 16m | $709K | $950K | 50x |
Backpack CHIP_USDC_PERP
Gate CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $95.72
- Price spread: −0.125% → +0.078%
- −$20.27
- Slippage, 4 orders
- −$78.6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$28.15
- Costs to cover
- 1.036%
- Break-even
- 9.1 days
Slippage from Backpack: live order book, 47 min ago; Gate: live order book, 46 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, 47 min ago | 2.10 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 46 min ago | 3.16 bp | 36.9 bp −$37 | 251.9 bp −$2,519 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0580% | 4h | 0.04809 | +0.042% | $11.1M | $8.9M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0535% | 1h | 0.04815 | +0.166% | $17K | $245K | 50x | as long as short |
| Backpack CHIP_USDC_PERPlong | −0.0356% | 1h | 0.04807 | long leg | $26K | $237K | 5x | |
| Phoenix CHIP | −0.0337% | 1h | 0.04792 | −0.312% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0266% | 4h | 0.04802 | −0.104% | $2.1M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0055% | 4h | 0.04810 | +0.070% | $47K | $271K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0048% | 4h | 0.04799 | −0.166% | $577K | $63K | 50x | as long as short |
| Nado CHIP-PERP | +0.0090% | 1h | 0.04802 | −0.094% | $242K | $19K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04808 | +0.021% | $89K | $107K | 3x | as long as short |
| Extended CHIP-USD | +0.0096% | 1h | 0.04800 | −0.141% | $221K | $1.9M | 5x | as long as short |
Bybit CHIPUSDT
ApeX Omni CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
BloFin CHIP-USDT
Nado CHIP-PERP
Lighter CHIP
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0097% | 4h | 0.04804 | −0.062% | $14.6M | $26.4M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0098% | 4h | 0.04804 | −0.062% | $1.9M | $1.2M | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04820 | +0.279% | $15.2M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04802 | −0.102% | $14K | $689 | 3x | as long as short |
| Gate CHIP_USDTshort | +0.0100% | 4h | 0.04801 | −0.125% | $709K | $950K | 50x | |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04808 | +0.021% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04807 | 0.000% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04804 | −0.062% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04808 | +0.012% | $855K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04797 | −0.208% | $729 | $1.0M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0145% | 1h | 0.04815 | +0.171% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0425% | 1h | 0.04803 | −0.091% | $84 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +0.994% | $47K | $42K | 50x | as long as short |
Binance CHIPUSDT
MEXC CHIP_USDT
Hyperliquid CHIP
Pacifica CHIP
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX