Funding you earn now, next payment 04:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Binance+0.189%61s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.844% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+1.098%+$110 · spread now +0.189%, 7d avg +0.024%
=The price spread pays, funding is against you. BloFin is 0.165% dearer against Binance than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of +0.024%): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 55 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CHIPUSDT | 0.04757 | 0.0086 | pay 0.0043% / 4h | 1h 12m | $14.4M | $26.5M | 50x |
| Short | BloFin CHIP-USDT | 0.04766 | 0.0076 | get 0.0038% / 4h | 1h 12m | $574K | $63K | 50x |
Binance CHIPUSDT
BloFin CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$2.11
- Price spread: +0.189% → +0.024%
- $16.49
- Slippage, 4 orders
- −$62.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$70
- Costs to cover
- 0.844%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 29 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 Binance live order book, 14 min ago | 1.05 bp | 22.5 bp −$23 | 105.5 bp −$1,055 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 3.16 bp | 25.3 bp −$25 | 61.7 bp −$617 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0617% | 1h | 0.04798 | +0.862% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0580% | 4h | 0.04764 | +0.147% | $11.0M | $8.9M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0385% | 1h | 0.04755 | −0.042% | $29K | $238K | 5x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04777 | +0.420% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0295% | 4h | 0.04747 | −0.210% | $2.1M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0068% | 4h | 0.04764 | +0.147% | $48K | $273K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0065% | 1h | 0.04765 | +0.166% | $10K | $24K | 10x | as long as short |
| Nado CHIP-PERP | +0.0062% | 1h | 0.04756 | −0.011% | $240K | $19K | 5x | as long as short |
| BloFin CHIP-USDTshort | +0.0076% | 4h | 0.04766 | +0.189% | $574K | $63K | 50x | |
| Binance CHIPUSDTlong | +0.0086% | 4h | 0.04757 | long leg | $14.4M | $26.5M | 50x |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0088% | 1h | 0.04756 | −0.026% | $220K | $1.9M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0090% | 4h | 0.04759 | +0.042% | $1.8M | $1.2M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04762 | +0.105% | $88K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04766 | +0.187% | $14.9M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04770 | +0.273% | $14K | $689 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04752 | −0.105% | $702K | $950K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04771 | +0.294% | $994K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04749 | −0.168% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04749 | −0.168% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04808 | +1.063% | $855K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04766 | +0.189% | $772 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0416% | 1h | 0.04792 | +0.731% | $116 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +2.056% | $47K | $42K | 50x | as long as short |
Extended CHIP-USD
MEXC CHIP_USDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX