Funding you earn now, next payment 00:00 UTC+0.0242%/8h= +26.5% APRnext payment +$1.21 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against OKX−0.043%57s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2962.962% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)+0.287%+$29 · spread now −0.043%, 7d avg −0.016%
=Funding pays, the price is against you. SunX is 0.027% cheaper against OKX than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.016%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.096% in total) that is about 47 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.21 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 | 0.04608 | −0.0142 | get 0.0071% / 4h | 1h 07m | $1.9M | $9.2M | 20x |
| Short | SunX CHIP-USDT | 0.04606 | 0.0100 | get 0.0050% / 4h | 1h 07m | $760 | $1.1M | 10x |
OKX CHIP-USDT-SWAP
SunX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $50.9
- Price spread: −0.043% → −0.016%
- −$2.69
- Slippage, 4 orders
- −$278.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$247.99
- Costs to cover
- 2.962%
- Break-even
- 41.1 days
Slippage from OKX: live order book, 6 min ago; SunX: live order book, 5 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, 6 min ago | 1.09 bp | 24.5 bp −$25 | 346.3 bp −$3,463 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 46.73 bp | 129.1 bp −$129 | doesn't fit | 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 | −0.1273% | 1h | 0.04610 | +0.043% | $16K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04607 | −0.022% | $3K | $143K | 5x | as long as short |
| Nado CHIP-PERP | −0.0144% | 1h | 0.04606 | −0.043% | $231K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0142% | 4h | 0.04608 | long leg | $1.9M | $9.2M | 20x | |
| Aftermath Perps CHIPUSD | −0.0125% | 1h | 0.04610 | +0.047% | $71 | $39K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0076% | 4h | 0.04606 | −0.043% | $541K | $67K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0053% | 1h | 0.04612 | +0.076% | $10K | $25K | 10x | as long as short |
| Extended CHIP-USD | −0.0040% | 1h | 0.04606 | −0.053% | $210K | $1.3M | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0040% | 1h | 0.04610 | +0.043% | $14K | $247K | 50x | as long as short |
| MEXC CHIP_USDT | −0.0036% | 4h | 0.04608 | 0.000% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
Nado CHIP-PERP
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Extended CHIP-USD
ApeX Omni CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | −0.0033% | 4h | 0.04609 | +0.022% | $13.8M | $26.0M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0046% | 4h | 0.04611 | +0.065% | $10.7M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04605 | −0.065% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04617 | +0.195% | $14.5M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04613 | +0.118% | $49K | $230K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04610 | +0.043% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04611 | +0.065% | $681K | $910K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04611 | +0.065% | $987K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04609 | +0.022% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04610 | +0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04601 | −0.155% | $848K | $453K | — | as long as short |
| SunX CHIP-USDTshort | +0.0100% | 4h | 0.04606 | −0.043% | $760 | $1.1M | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04636 | +0.605% | $45K | $40K | 50x | as long as short |
Binance CHIPUSDT
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Coinbase International CHIP-PERP-INTX