Funding you earn now, next payment 04:00 UTC−0.0660%/8h= −72.3% APRnext payment −$3.30 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against BloFin+0.107%82s7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as 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−$1171.168% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)−0.636%−$64 · spread now +0.107%, 7d avg +0.042%
=The price spread pays, funding is against you. Bybit is 0.066% dearer against BloFin than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.042%): +$7 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.114% in total) that is about 4.0 days. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.30 per $10,000. 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 | BloFin CHIP-USDT | 0.04671 | 0.0113 | pay 0.0056% / 4h | 41m 50s | $569K | $63K | 50x |
| Short | Bybit CHIPUSDT | 0.04676 | −0.0547 | pay 0.0274% / 4h | 41m 50s | $10.8M | $9.0M | 20x |
BloFin CHIP-USDT
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$138.63
- Price spread: +0.107% → +0.042%
- $6.55
- Slippage, 4 orders
- −$93.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$248.87
- Costs to cover
- 1.168%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; Bybit: live order book, 1 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, 59 min ago | 3.16 bp | 16.9 bp −$17 | 59.5 bp −$595 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.14 bp | 42.6 bp −$43 | 150.0 bp −$1,500 | 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 | −0.0642% | 1h | 0.04674 | +0.064% | $33K | $245K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0593% | 1h | 0.04671 | 0.000% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDTshort | −0.0547% | 4h | 0.04676 | +0.107% | $10.8M | $9.0M | 20x | |
| Phoenix CHIP | −0.0510% | 1h | 0.04664 | −0.150% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0395% | 4h | 0.04670 | −0.021% | $2.0M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0263% | 1h | 0.04678 | +0.150% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | −0.0101% | 4h | 0.04668 | −0.064% | $51K | $276K | 5x | as long as short |
| Nado CHIP-PERP | −0.0079% | 1h | 0.04663 | −0.171% | $236K | $20K | 5x | as long as short |
| Binance CHIPUSDT | +0.0071% | 4h | 0.04671 | 0.000% | $14.1M | $26.8M | 50x | as long as short |
| Extended CHIP-USD | +0.0072% | 1h | 0.04670 | −0.026% | $213K | $1.9M | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Nado CHIP-PERP
Binance CHIPUSDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | +0.0072% | 4h | 0.04672 | +0.021% | $1.8M | $1.2M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04677 | +0.128% | $87K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04675 | +0.092% | $14.5M | $6.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04670 | −0.021% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04675 | +0.086% | $680K | $951K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04675 | +0.086% | $977K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04671 | 0.000% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04672 | +0.021% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | +0.014% | $831K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04659 | −0.257% | $570 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDTlong | +0.0113% | 4h | 0.04671 | long leg | $569K | $63K | 50x | |
| Aftermath Perps CHIPUSD | +0.0303% | 1h | 0.04677 | +0.121% | $132 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +3.935% | $47K | $42K | 50x | as long as short |
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