Funding you earn now, next payment 21:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h −0.072%
Price spread now: Phoenix against Pacifica−0.390%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.390% cheaper against Pacifica than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CHIP | 0.04613 | 0.0100 | pay 0.0013% / 1h | 27m 27s | $13K | $628 | 3x |
| Short | Phoenix CHIP | 0.04595 | −0.0173 | pay 0.0022% / 1h | 27m 27s | $3K | $143K | 5x |
Pacifica CHIP
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- −$57.29
- Price spread: −0.390% → 0.000%
- −$39.02
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$111.31
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Phoenix: live order book, 54 min ago. Net counts fees only.
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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 54 min ago | 4.28 bp | 26.1 bp −$26 | 71.0 bp −$710 | doesn't fit | doesn't fit |
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1312% | 1h | 0.04607 | −0.130% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0663% | 1h | 0.04590 | −0.499% | $14K | $249K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0291% | 1h | 0.04615 | +0.039% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0255% | 4h | 0.04614 | +0.022% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0185% | 1h | 0.04612 | −0.022% | $231K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0184% | 4h | 0.04613 | 0.000% | $1.9M | $9.2M | 20x | as long as short |
| Phoenix CHIPshort | −0.0173% | 1h | 0.04595 | −0.390% | $3K | $143K | 5x | |
| BloFin CHIP-USDT | −0.0140% | 4h | 0.04595 | −0.390% | $542K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04611 | −0.033% | $210K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0116% | 4h | 0.04609 | −0.087% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | −0.0115% | 4h | 0.04609 | −0.083% | $13.9M | $25.7M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0070% | 1h | 0.04598 | −0.335% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0038% | 4h | 0.04615 | +0.043% | $43K | $225K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04613 | 0.000% | $86K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04619 | +0.137% | $14.8M | $6.6M | 3x | as long as short |
| Pacifica CHIPlong | +0.0100% | 1h | 0.04613 | long leg | $13K | $628 | 3x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04607 | −0.130% | $692K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04609 | −0.087% | $985K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04613 | 0.000% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04610 | −0.065% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04597 | −0.340% | $837K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04607 | −0.130% | $699 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.111% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX