Funding you earn now, next payment 12:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.89 per $10,000 · paid last 24h −0.033%
Price spread now: OKX against Binance−0.003%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 7 days+0.088%+$9 · spread now −0.003%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.049% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CHIPUSDT | 0.04656 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $13.9M | $26.1M | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04656 | −0.0079 | pay 0.0039% / 4h | 1h 57m | $2.1M | $8.9M | 20x |
Binance CHIPUSDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$37.56
- Price spread: −0.003% → +0.045%
- −$4.89
- Slippage, 4 orders
- −$71.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$133.67
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; OKX: live order book, 4 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, 7 min ago | 1.07 bp | 22.1 bp −$22 | 149.1 bp −$1,491 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.15 bp | 21.4 bp −$21 | 150.3 bp −$1,503 | doesn't fit | doesn't fit |
CHIP on 23 exchanges
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_PERP | −0.0772% | 1h | 0.04675 | +0.405% | $25K | $177K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0586% | 1h | 0.04661 | +0.104% | $9K | $2K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0332% | 1h | 0.04672 | +0.340% | $16K | $246K | 50x | as long as short |
| Phoenix CHIP | −0.0169% | 1h | 0.04668 | +0.254% | $3K | $130K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0119% | 1h | 0.04674 | +0.388% | $90 | $34K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0079% | 4h | 0.04656 | −0.003% | $2.1M | $8.9M | 20x | |
| Nado CHIP-PERP | −0.0063% | 1h | 0.04667 | +0.233% | $236K | $18K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0044% | 4h | 0.04670 | +0.297% | $567K | $114K | 50x | as long as short |
| Bybit CHIPUSDT | +0.0045% | 4h | 0.04662 | +0.125% | $10.5M | $8.6M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04659 | +0.061% | $97K | $89K | 3x | as long as short |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Phoenix CHIP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
BloFin CHIP-USDT
Bybit CHIPUSDT
Lighter CHIPShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04674 | +0.379% | $14.0M | $5.6M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04660 | +0.082% | $48K | $270K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04670 | +0.297% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDTlong | +0.0100% | 4h | 0.04656 | long leg | $13.9M | $26.1M | 50x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04670 | +0.297% | $715K | $783K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04657 | +0.018% | $1.8M | $951K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04661 | +0.104% | $957K | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04661 | +0.104% | $2.0M | $3.5M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04659 | +0.061% | — | $1.8M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04651 | −0.102% | $861K | $505K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04656 | −0.003% | $619 | $941K | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04656 | −0.004% | $211K | $1.7M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.1616% | 1h | 0.04675 | +0.413% | $50K | $56K | 50x | as long as short |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Coinbase International CHIP-PERP-INTX