Funding you earn now, next payment 12:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin−0.042%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2072.069% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 7 days+0.095%+$10 · spread now −0.042%, 7d avg +0.016%
=Funding pays, the price is against you. Bybit is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.016%). If the spread goes back, that is −$6 on $10k: about 3.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CHIPUSDTM | 0.04755 | 0.0036 | pay 0.0018% / 4h | 3h 30m | $1.0M | $1.2M | 50x |
| Short | Bybit CHIPUSDT | 0.04753 | 0.0100 | get 0.0050% / 4h | 3h 30m | $10.8M | $9.0M | 20x |
KuCoin CHIPUSDTM
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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
- $13.44
- Price spread: −0.042% → +0.016%
- −$5.8
- Slippage, 4 orders
- −$183.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$199.31
- Costs to cover
- 2.069%
- Break-even
- 110.8 days
Slippage from KuCoin: live order book, 4 min ago; Bybit: 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 KuCoin live order book, 4 min ago | 6.30 bp | 67.3 bp −$67 | 688.1 bp −$6,881 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.15 bp | 49.2 bp −$49 | 161.0 bp −$1,610 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0167% | 1h | 0.04756 | +0.021% | $3K | $122K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0149% | 1h | 0.04762 | +0.139% | $10K | $23K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0139% | 1h | 0.04756 | +0.021% | $16K | $246K | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0068% | 1h | 0.04771 | +0.330% | $243 | $35K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0012% | 4h | 0.04748 | −0.147% | $2.1M | $9.5M | 20x | as long as short |
| KuCoin CHIPUSDTMlong | +0.0036% | 4h | 0.04755 | long leg | $1.0M | $1.2M | 50x | |
| Nado CHIP-PERP | +0.0074% | 1h | 0.04759 | +0.095% | $241K | $18K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04753 | −0.042% | $99K | $106K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04755 | +0.002% | $14.7M | $5.9M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04756 | +0.015% | $49K | $275K | 5x | as long as short |
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Aftermath Perps CHIPUSD
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04760 | +0.111% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04746 | −0.189% | $14.2M | $26.9M | 50x | as long as short |
| Bybit CHIPUSDTshort | +0.0100% | 4h | 0.04753 | −0.042% | $10.8M | $9.0M | 20x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04757 | +0.042% | $714K | $1.0M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04749 | −0.126% | $1.9M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04756 | +0.021% | $2.0M | $3.5M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04749 | −0.126% | — | $1.9M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04761 | +0.126% | $27K | $211K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04763 | +0.173% | $917K | $472K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04760 | +0.105% | $658 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04750 | −0.111% | $221K | $1.7M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0124% | 4h | 0.04756 | +0.021% | $578K | $116K | 50x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0896% | 1h | 0.04867 | +2.355% | $47K | $38K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Coinbase International CHIP-PERP-INTX