Funding you earn now, next payment 04:00 UTC+0.0293%/8h= +32.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.007%
Price spread now: Gate against OKX+0.356%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1241.239% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days−0.404%−$40 · spread now +0.356%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.295% dearer against OKX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.060%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 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 | OKX CHIP-USDT-SWAP | 0.04780 | −0.0193 | get 0.0096% / 4h | 1h 31m | $2.0M | $9.6M | 20x |
| Short | Gate CHIP_USDT | 0.04797 | 0.0100 | get 0.0050% / 4h | 1h 31m | $707K | $948K | 50x |
OKX CHIP-USDT-SWAP
Gate CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- $61.46
- Price spread: +0.356% → +0.060%
- $29.54
- Slippage, 4 orders
- −$98.85
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$32.85
- Costs to cover
- 1.239%
- Break-even
- 10.7 days
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 30 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 OKX live order book, 2 min ago | 2.09 bp | 25.0 bp −$25 | 370.6 bp −$3,706 | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 3.16 bp | 36.9 bp −$37 | 251.9 bp −$2,519 | 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 | −0.0841% | 1h | 0.04788 | +0.167% | $28K | $235K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0440% | 4h | 0.04791 | +0.230% | $11.1M | $8.9M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0381% | 1h | 0.04803 | +0.481% | $17K | $245K | 50x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04761 | −0.397% | $3K | $130K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0230% | 1h | 0.04793 | +0.282% | $10K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0193% | 4h | 0.04780 | long leg | $2.0M | $9.6M | 20x | |
| Aster CHIPUSDT | −0.0003% | 4h | 0.04798 | +0.377% | $46K | $267K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04795 | +0.314% | $89K | $107K | 3x | as long as short |
| BloFin CHIP-USDT | +0.0100% | 4h | 0.04784 | +0.084% | $571K | $63K | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04807 | +0.561% | $15.1M | $6.1M | 3x | as long as short |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
ApeX Omni CHIPUSDT
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Lighter CHIP
BloFin CHIP-USDT
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04792 | +0.249% | $14K | $689 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04785 | +0.112% | $14.5M | $26.3M | 50x | as long as short |
| Gate CHIP_USDTshort | +0.0100% | 4h | 0.04797 | +0.356% | $707K | $948K | 50x | |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04788 | +0.167% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04794 | +0.293% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04798 | +0.377% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04787 | +0.146% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04784 | +0.085% | $849K | $528K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04781 | +0.021% | $825 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04785 | +0.097% | $218K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0363% | 1h | 0.04782 | +0.034% | $84 | $38K | 5x | as long as short |
| Nado CHIP-PERP | +0.0383% | 1h | 0.04786 | +0.126% | $241K | $19K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04822 | +0.868% | $46K | $41K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Nado CHIP-PERP
Coinbase International CHIP-PERP-INTX