Funding you earn now, next payment 02:00 UTC−0.0297%/8h= −32.5% APRnext payment −$0.37 per $10,000 · paid last 24h +0.010%
Price spread now: ApeX Omni against Phoenix+0.569%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.569%, 7d avg +0.013%
=The price spread pays, funding is against you. ApeX Omni is 0.556% dearer against Phoenix than usual: you sell high and buy low (spread +0.569% now, against its 7-day average of +0.013%): +$56 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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 | Phoenix CHIP | 0.04742 | −0.0337 | get 0.0042% / 1h | 8m 25s | $3K | $130K | 5x |
| Short | ApeX Omni CHIPUSDT | 0.04769 | −0.0634 | pay 0.0079% / 1h | 8m 25s | $16K | $246K | 50x |
Phoenix CHIP
ApeX Omni CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$62.38
- Price spread: +0.569% → +0.013%
- $55.62
- Slippage, 4 orders
- −$67.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$91.76
- Costs to cover
- 0.850%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 47 min ago; ApeX Omni: live order book, 53 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 Phoenix live order book, 47 min ago | 4.20 bp | 25.7 bp −$26 | 79.1 bp −$791 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 53 min ago | 8.43 bp | 16.5 bp −$17 | 133.7 bp −$1,337 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDTshort | −0.0634% | 1h | 0.04769 | +0.569% | $16K | $246K | 50x | |
| Bybit CHIPUSDT | −0.0599% | 4h | 0.04742 | 0.000% | $10.9M | $8.9M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0464% | 1h | 0.04731 | −0.232% | $30K | $239K | 5x | as long as short |
| Phoenix CHIPlong | −0.0337% | 1h | 0.04742 | long leg | $3K | $130K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0306% | 4h | 0.04736 | −0.127% | $2.0M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0093% | 4h | 0.04739 | −0.067% | $49K | $273K | 5x | as long as short |
| Nado CHIP-PERP | +0.0034% | 1h | 0.04731 | −0.221% | $239K | $20K | 5x | as long as short |
| Binance CHIPUSDT | +0.0068% | 4h | 0.04738 | −0.084% | $14.4M | $26.5M | 50x | as long as short |
| Extended CHIP-USD | +0.0072% | 1h | 0.04728 | −0.290% | $219K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0073% | 4h | 0.04724 | −0.380% | $573K | $62K | 50x | as long as short |
Bybit CHIPUSDT
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Nado CHIP-PERP
Binance CHIPUSDT
Extended CHIP-USD
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | +0.0074% | 4h | 0.04728 | −0.295% | $1.8M | $1.2M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04735 | −0.148% | $88K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04743 | +0.019% | $14.9M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04734 | −0.169% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04730 | −0.253% | $690K | $957K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04736 | −0.127% | $988K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04730 | −0.253% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04739 | −0.063% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04748 | +0.118% | $845K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04728 | −0.295% | $616 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0386% | 1h | 0.04766 | +0.513% | $135 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0489% | 1h | 0.04741 | −0.013% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +2.379% | $47K | $42K | 50x | as long as short |
MEXC CHIP_USDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX