Funding you earn now, next payment 23:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.081%
Price spread now: Phoenix against BloFin+0.021%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days−0.558%−$56 on $10k
+Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.021%, 7d avg −0.032%
=The price spread pays, funding is against you. Phoenix is 0.054% dearer against BloFin than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.032%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CHIP-USDT | 0.04683 | 0.0013 | pay 0.0007% / 4h | 25m 04s | $553K | $67K | 50x |
| Short | Phoenix CHIP | 0.04684 | −0.0173 | pay 0.0022% / 1h | 25m 04s | $3K | $140K | 5x |
BloFin CHIP-USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$39.25
- Price spread: +0.021% → −0.032%
- $5.37
- Slippage, 4 orders
- −$66.3
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$119.18
- Costs to cover
- 0.853%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 51 min ago; Phoenix: live order book, 46 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, 51 min ago | 1.09 bp | 15.8 bp −$16 | 38.9 bp −$389 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 46 min ago | 4.34 bp | 26.5 bp −$26 | 70.7 bp −$707 | 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 | −0.1366% | 1h | 0.04682 | −0.021% | $14K | $236K | 5x | as long as short |
| Phoenix CHIPshort | −0.0173% | 1h | 0.04684 | +0.021% | $3K | $140K | 5x | |
| ApeX Omni CHIPUSDT | −0.0145% | 1h | 0.04683 | 0.000% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0063% | 4h | 0.04678 | −0.107% | $1.9M | $9.3M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04688 | +0.102% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | +0.0013% | 4h | 0.04684 | +0.021% | $10.9M | $8.9M | 20x | as long as short |
| BloFin CHIP-USDTlong | +0.0013% | 4h | 0.04683 | long leg | $553K | $67K | 50x | |
| Aftermath Perps CHIPUSD | +0.0041% | 1h | 0.04691 | +0.172% | $87 | $39K | 5x | as long as short |
| MEXC CHIP_USDT | +0.0058% | 4h | 0.04681 | −0.043% | $1.8M | $1.1M | 50x | as long as short |
| Binance CHIPUSDT | +0.0060% | 4h | 0.04680 | −0.064% | $14.1M | $26.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Aftermath Perps CHIPUSD
MEXC CHIP_USDT
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0064% | 1h | 0.04680 | −0.061% | $214K | $1.3M | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04684 | +0.021% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04694 | +0.243% | $14.8M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04680 | −0.060% | $50K | $238K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04684 | +0.028% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04687 | +0.085% | $693K | $913K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04682 | −0.021% | $987K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04682 | −0.021% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04680 | −0.064% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04685 | +0.053% | $879K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04681 | −0.043% | $633 | $1.1M | 10x | as long as short |
| Nado CHIP-PERP | +0.0228% | 1h | 0.04678 | −0.096% | $234K | $18K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04715 | +0.688% | $45K | $40K | 50x | as long as short |
Extended CHIP-USD
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Nado CHIP-PERP
Coinbase International CHIP-PERP-INTX