Funding you earn now, next payment 08:00 UTC−0.0278%/8h= −30.4% APRnext payment −$1.39 per $10,000 · paid last 24h −0.020%
Price spread now: OKX against BloFin+0.042%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$810.805% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.042%, 7d avg −0.016%
=The price spread pays, funding is against you. OKX is 0.058% dearer against BloFin than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.016%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.113% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.39 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 | 0.04777 | 0.0100 | pay 0.0050% / 4h | 1h 00m | $571K | $100K | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04779 | −0.0178 | pay 0.0089% / 4h | 1h 00m | $2.1M | $9.7M | 20x |
BloFin CHIP-USDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$58.34
- Price spread: +0.042% → −0.016%
- $5.83
- Slippage, 4 orders
- −$58.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$133.03
- Costs to cover
- 0.805%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 21 min ago; OKX: 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, 21 min ago | 2.08 bp | 24.0 bp −$24 | 56.5 bp −$565 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.09 bp | 19.5 bp −$20 | 150.2 bp −$1,502 | 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 | −0.0331% | 1h | 0.04803 | +0.544% | $17K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0252% | 4h | 0.04785 | +0.167% | $10.9M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0178% | 4h | 0.04779 | +0.042% | $2.1M | $9.7M | 20x | |
| Phoenix CHIP | −0.0171% | 1h | 0.04783 | +0.126% | $3K | $128K | 5x | as long as short |
| Nado CHIP-PERP | −0.0168% | 1h | 0.04781 | +0.073% | $242K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0048% | 4h | 0.04781 | +0.084% | $1.0M | $1.1M | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04786 | +0.190% | $10K | $23K | 10x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0006% | 1h | 0.04786 | +0.188% | $26K | $235K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0060% | 1h | 0.04794 | +0.361% | $62 | $36K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04782 | +0.105% | $99K | $107K | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
KuCoin CHIPUSDTM
Deribit CHIP_USDC-PERPETUAL
Backpack CHIP_USDC_PERP
Aftermath Perps CHIPUSD
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDTlong | +0.0100% | 4h | 0.04777 | long leg | $571K | $100K | 50x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04791 | +0.299% | $14.8M | $5.9M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04781 | +0.075% | $53K | $274K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04785 | +0.163% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04782 | +0.105% | $14.4M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04784 | +0.147% | $685K | $997K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04781 | +0.084% | $1.8M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04782 | +0.105% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04784 | +0.147% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04784 | +0.150% | $916K | $470K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04780 | +0.063% | $820 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04781 | +0.088% | $218K | $1.9M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0952% | 1h | 0.04839 | +1.304% | $46K | $38K | 50x | as long as short |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Coinbase International CHIP-PERP-INTX