Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against BloFin−0.197%91s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as 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−$840.840% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.358%−$36 · spread now −0.197%, 7d avg −0.023%
=Funding pays, the price is against you. Binance is 0.174% cheaper against BloFin than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.023%). If the spread goes back, that is −$17 on $10k: about 13 days of funding at the current rate (+$1 a day). The two prices were read 91 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 | BloFin CHIP-USDT | 0.04743 | 0.0018 | pay 0.0009% / 4h | 23m 44s | $564K | $64K | 50x |
| Short | Binance CHIPUSDT | 0.04734 | 0.0062 | get 0.0031% / 4h | 23m 44s | $14.3M | $26.9M | 50x |
BloFin CHIP-USDT
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $9.35
- Price spread: −0.197% → −0.023%
- −$17.36
- Slippage, 4 orders
- −$62.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$92.02
- Costs to cover
- 0.840%
- Break-even
- 75.9 days
Slippage from BloFin: live order book, 12 min ago; Binance: live order book, 2 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 BloFin live order book, 12 min ago | 1.07 bp | 16.2 bp −$16 | 58.5 bp −$585 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.06 bp | 21.9 bp −$22 | 110.1 bp −$1,101 | 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_PERP | −0.0627% | 1h | 0.04746 | +0.063% | $33K | $249K | 5x | as long as short |
| Phoenix CHIP | −0.0510% | 1h | 0.04723 | −0.422% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0486% | 1h | 0.04716 | −0.569% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0427% | 4h | 0.04742 | −0.021% | $10.9M | $9.1M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0382% | 1h | 0.04743 | +0.011% | $10K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0377% | 4h | 0.04735 | −0.169% | $2.0M | $9.7M | 20x | as long as short |
| Nado CHIP-PERP | −0.0133% | 1h | 0.04737 | −0.116% | $240K | $20K | 5x | as long as short |
| Aster CHIPUSDT | −0.0064% | 4h | 0.04740 | −0.060% | $53K | $276K | 5x | as long as short |
| BloFin CHIP-USDTlong | +0.0018% | 4h | 0.04743 | long leg | $564K | $64K | 50x | |
| MEXC CHIP_USDT | +0.0062% | 4h | 0.04734 | −0.190% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Aster CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDTshort | +0.0062% | 4h | 0.04734 | −0.197% | $14.3M | $26.9M | 50x | |
| Extended CHIP-USD | +0.0064% | 1h | 0.04733 | −0.216% | $216K | $1.9M | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04740 | −0.063% | $97K | $117K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04747 | +0.078% | $14.7M | $6.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04740 | −0.063% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04742 | −0.021% | $690K | $966K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04742 | −0.021% | $992K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04739 | −0.084% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04735 | −0.169% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04728 | −0.314% | $841K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04736 | −0.148% | $833 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0209% | 1h | 0.04720 | −0.479% | $46 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +2.357% | $47K | $42K | 50x | as long as short |
Extended CHIP-USD
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