Funding you earn now, next payment 07:00 UTC+0.0259%/8h= +28.3% APRpaid last 24h +0.090%
Price spread now: KuCoin against Phoenix+0.168%93s7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as 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−$1441.443% of the position
Funding, last 7 days+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.168%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.115% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.053%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04775 | −0.0335 | get 0.0042% / 1h | 13m 45s | $3K | $125K | 5x |
| Short | KuCoin CHIPUSDTM | 0.04783 | −0.0076 | pay 0.0038% / 4h | 13m 45s | $996K | $1.1M | 50x |
Phoenix CHIP
KuCoin CHIPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $54.3
- Price spread: +0.168% → +0.053%
- $11.45
- Slippage, 4 orders
- −$125.32
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$78.57
- Costs to cover
- 1.443%
- Break-even
- 17.1 days
Slippage from Phoenix: live order book, 17 min ago; KuCoin: live order book, 1 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, 17 min ago | 4.21 bp | 25.8 bp −$26 | 79.0 bp −$790 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 7.32 bp | 33.2 bp −$33 | 439.4 bp −$4,394 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIPlong | −0.0335% | 1h | 0.04775 | long leg | $3K | $125K | 5x | |
| ApeX Omni CHIPUSDT | −0.0292% | 1h | 0.04768 | −0.147% | $17K | $247K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0138% | 4h | 0.04780 | +0.105% | $2.2M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0085% | 1h | 0.04781 | +0.130% | $10K | $23K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0080% | 4h | 0.04782 | +0.147% | $10.9M | $8.9M | 20x | as long as short |
| KuCoin CHIPUSDTMshort | −0.0076% | 4h | 0.04783 | +0.168% | $996K | $1.1M | 50x | |
| Aftermath Perps CHIPUSD | −0.0010% | 1h | 0.04776 | +0.020% | $87 | $36K | 5x | as long as short |
| Nado CHIP-PERP | +0.0015% | 1h | 0.04775 | +0.010% | $242K | $18K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04780 | +0.105% | $99K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04787 | +0.255% | $14.8M | $5.9M | 3x | as long as short |
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Aftermath Perps CHIPUSD
Nado CHIP-PERP
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 | 0.04779 | +0.090% | $49K | $275K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04785 | +0.218% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04774 | −0.021% | $14.3M | $26.8M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04781 | +0.126% | $680K | $977K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04780 | +0.105% | $1.9M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04780 | +0.105% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04778 | +0.063% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04782 | +0.152% | $921K | $472K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04774 | −0.021% | $744 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04776 | +0.018% | $220K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0111% | 4h | 0.04772 | −0.063% | $573K | $100K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0121% | 1h | 0.04782 | +0.147% | $26K | $214K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0920% | 1h | 0.04839 | +1.347% | $46K | $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
BloFin CHIP-USDT
Backpack CHIP_USDC_PERP
Coinbase International CHIP-PERP-INTX