Funding you earn now, next payment 00:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.071%
Price spread now: Phoenix against OKX+0.022%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$910.913% of the position
Funding, last 7 days−0.452%−$45 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.022%, 7d avg +0.001%
=The price spread pays, funding is against you. Phoenix is 0.021% dearer against OKX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of +0.001%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CHIP-USDT-SWAP | 0.04617 | −0.0056 | get 0.0028% / 4h | 3h 35m | $1.9M | $9.0M | 20x |
| Short | Phoenix CHIP | 0.04618 | −0.0172 | pay 0.0022% / 1h | 35m 14s | $3K | $140K | 5x |
OKX CHIP-USDT-SWAP
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$24.38
- Price spread: +0.022% → +0.001%
- $2.07
- Slippage, 4 orders
- −$74.33
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$113.64
- Costs to cover
- 0.913%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Phoenix: 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, 3 min ago | 3.26 bp | 19.8 bp −$20 | 170.9 bp −$1,709 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 30 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | 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 | −0.1166% | 1h | 0.04617 | 0.000% | $14K | $233K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0518% | 1h | 0.04624 | +0.152% | $14K | $248K | 50x | as long as short |
| Nado CHIP-PERP | −0.0182% | 1h | 0.04614 | −0.054% | $231K | $18K | 5x | as long as short |
| Phoenix CHIPshort | −0.0172% | 1h | 0.04618 | +0.022% | $3K | $140K | 5x | |
| OKX CHIP-USDT-SWAPlong | −0.0056% | 4h | 0.04617 | long leg | $1.9M | $9.0M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04622 | +0.113% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0085% | 4h | 0.04617 | 0.000% | $547K | $65K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04621 | +0.087% | $86K | $108K | 3x | as long as short |
| Bybit CHIPUSDT | +0.0098% | 4h | 0.04620 | +0.065% | $10.8M | $8.7M | 20x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04626 | +0.199% | $14.5M | $6.6M | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Lighter CHIP
Bybit CHIPUSDT
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04617 | +0.003% | $46K | $237K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04620 | +0.065% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04616 | −0.022% | $13.9M | $26.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04620 | +0.065% | $682K | $907K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04616 | −0.022% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04618 | +0.022% | $970K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04616 | −0.022% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04618 | +0.022% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | +0.017% | $866K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04607 | −0.217% | $602 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04616 | −0.031% | $210K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0363% | 1h | 0.04618 | +0.025% | $85 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04647 | +0.650% | $45K | $40K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX