Funding you earn now, next payment 08:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.056%
Price spread now: OKX against Phoenix−0.315%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$890.885% of the position
Funding, last 7 days+0.441%+$44 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.315%, 7d avg +0.002%
=Funding pays, the price is against you. OKX is 0.317% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of +0.002%). If the spread goes back, that is −$32 on $10k: about 7.4 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04769 | −0.0167 | get 0.0021% / 1h | 35m 20s | $3K | $122K | 5x |
| Short | OKX CHIP-USDT-SWAP | 0.04754 | −0.0025 | pay 0.0013% / 4h | 3h 35m | $2.2M | $9.5M | 20x |
Phoenix CHIP
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $29.76
- Price spread: −0.315% → +0.002%
- −$31.66
- Slippage, 4 orders
- −$71.55
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$90.45
- Costs to cover
- 0.885%
- Break-even
- 28.3 days
Slippage from Phoenix: live order book, 55 min ago; OKX: live order book, 3 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, 55 min ago | 4.21 bp | 25.8 bp −$26 | 79.0 bp −$790 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.05 bp | 14.7 bp −$15 | 159.9 bp −$1,599 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | −0.0317% | 1h | 0.04757 | −0.252% | $10K | $23K | 10x | as long as short |
| Phoenix CHIPlong | −0.0167% | 1h | 0.04769 | long leg | $3K | $122K | 5x | |
| ApeX Omni CHIPUSDT | −0.0094% | 1h | 0.04776 | +0.147% | $17K | $246K | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0051% | 1h | 0.04783 | +0.304% | $303 | $35K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0025% | 4h | 0.04754 | −0.315% | $2.2M | $9.5M | 20x | |
| KuCoin CHIPUSDTM | +0.0028% | 4h | 0.04759 | −0.210% | $1.0M | $1.2M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0068% | 4h | 0.04757 | −0.252% | $579K | $116K | 50x | as long as short |
| Nado CHIP-PERP | +0.0086% | 1h | 0.04759 | −0.220% | $241K | $18K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04759 | −0.210% | $99K | $106K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04761 | −0.166% | $14.7M | $5.9M | 3x | as long as short |
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Aftermath Perps CHIPUSD
KuCoin CHIPUSDTM
BloFin CHIP-USDT
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 | 0.04759 | −0.211% | $49K | $275K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04758 | −0.222% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04754 | −0.315% | $14.3M | $26.9M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04755 | −0.294% | $10.8M | $9.0M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04761 | −0.168% | $714K | $1.0M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04755 | −0.294% | $1.9M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04759 | −0.210% | $2.0M | $3.5M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04754 | −0.315% | — | $1.9M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04760 | −0.189% | $26K | $208K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04760 | −0.195% | $920K | $472K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04756 | −0.273% | $618 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04752 | −0.351% | $221K | $1.7M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0896% | 1h | 0.04867 | +2.055% | $47K | $38K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Coinbase International CHIP-PERP-INTX