Funding you earn now, next payment 05:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.083%
Price spread now: BloFin against Phoenix−0.835%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$920.923% of the position
Funding, last 7 days+0.559%+$56 on $10k
+Price spread, last 4 days (all we have)+1.158%+$116 · spread now −0.835%, 7d avg +0.022%
=Funding pays, the price is against you. BloFin is 0.856% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.835% now, against its 7-day average of +0.022%). If the spread goes back, that is −$86 on $10k: about 12 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04672 | −0.0171 | get 0.0021% / 1h | 33m 03s | $3K | $129K | 5x |
| Short | BloFin CHIP-USDT | 0.04633 | 0.0071 | get 0.0035% / 4h | 2h 33m | $555K | $64K | 50x |
Phoenix CHIP
BloFin CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.81
- Price spread: −0.835% → +0.022%
- −$85.65
- Slippage, 4 orders
- −$73.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$127.12
- Costs to cover
- 0.923%
- Break-even
- 24.5 days
Slippage from Phoenix: live order book, 7 min ago; BloFin: live order book, 58 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, 7 min ago | 4.32 bp | 26.3 bp −$26 | 79.7 bp −$797 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 58 min ago | 3.19 bp | 22.5 bp −$23 | 73.5 bp −$735 | 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 CHIPUSDT | −0.0634% | 1h | 0.04690 | +0.385% | $16K | $246K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0612% | 1h | 0.04636 | −0.766% | $9K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0506% | 4h | 0.04637 | −0.749% | $10.5M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0281% | 4h | 0.04633 | −0.835% | $2.0M | $9.5M | 20x | as long as short |
| Phoenix CHIPlong | −0.0171% | 1h | 0.04672 | long leg | $3K | $129K | 5x | |
| Nado CHIP-PERP | −0.0082% | 1h | 0.04630 | −0.910% | $234K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0026% | 4h | 0.04640 | −0.685% | $976K | $1.2M | 50x | as long as short |
| BloFin CHIP-USDTshort | +0.0071% | 4h | 0.04633 | −0.835% | $555K | $64K | 50x | |
| Lighter CHIP | +0.0096% | 1h | 0.04637 | −0.749% | $96K | $113K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04642 | −0.651% | $14.4M | $6.1M | 3x | as long as short |
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
KuCoin CHIPUSDTM
Lighter CHIP
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04634 | −0.811% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04631 | −0.873% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04634 | −0.813% | $13.9M | $27.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04647 | −0.535% | $664K | $973K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04636 | −0.771% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04635 | −0.792% | $1.9M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04636 | −0.771% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | +0.006% | $822K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04633 | −0.835% | $903 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04631 | −0.872% | $211K | $1.0M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0119% | 1h | 0.04665 | −0.153% | $110 | $37K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0175% | 1h | 0.04639 | −0.706% | $34K | $234K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +0.967% | $45K | $37K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Backpack CHIP_USDC_PERP
Coinbase International CHIP-PERP-INTX