Settings8H · net · $10k
Funding arb · Price arb /

CHIP

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0438%/8h= +47.9% APRpaid last 24h +0.086%
Price spread now: SunX against Phoenix−0.149%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$319as in the Price arb table
costs, in and out, $10k−$3063.058% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.557%+$56 on $10k
Price spread, last 4 days (all we have)+0.343%+$34 · spread now −0.149%, 7d avg −0.018%
Together, before fees+0.900%+$90 on $10k · with fees, hour by hour
Funding pays, the price is against you. SunX is 0.131% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.018%). If the spread goes back, that is −$13 on $10k: about 24 hours of funding at the current rate (+$13 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix CHIP0.04701−0.0338get 0.0042% / 1h27m 03s$3K$137K5x
ShortSunX CHIP-USDT0.046940.0100get 0.0050% / 4h3h 27m$907$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Phoenix. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$91.95
Price spread: −0.149% → −0.018%
−$13.06
Slippage, 4 orders
−$290.76
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$226.88
Costs to cover
3.058%
Break-even
24.3 days
Slippage from Phoenix: live order book, 18 min ago; SunX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 18 min ago4.26 bp26.0 bp −$2678.8 bp −$788doesn't fitdoesn't fit
Sell SunX live order book, 6 min ago45.87 bp128.8 bp −$129doesn't fitdoesn't fitdoesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT−0.0791%4h0.04683−0.383%$10.7M$9.1M20xas long as short
Phoenix CHIPlong−0.0338%1h0.04701long leg$3K$137K5x
OKX CHIP-USDT-SWAP−0.0304%4h0.04680−0.447%$2.0M$9.6M20xas long as short
Backpack CHIP_USDC_PERP−0.0173%1h0.04686−0.319%$34K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0105%1h0.04706+0.106%$16K$245K50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0070%1h0.04684−0.362%$9K$24K10xas long as short
Nado CHIP-PERP−0.0031%1h0.04680−0.447%$237K$18K5xas long as short
Gate CHIP_USDT+0.0036%4h0.04687−0.298%$672K$987K50xas long as short
Aster CHIPUSDT+0.0070%4h0.04689−0.258%$56K$279K5xas long as short
KuCoin CHIPUSDTM+0.0074%4h0.04682−0.404%$970K$1.1M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDT+0.0077%4h0.04679−0.468%$561K$65K50xas long as short
Lighter CHIP+0.0096%1h0.04686−0.319%$96K$114K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04692−0.194%$14.5M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04694−0.157%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04680−0.447%$14.1M$27.1M50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04681−0.425%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04683−0.383%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04682−0.404%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04704+0.057%$832K$529Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04694−0.149%$907$1.0M10x
Extended CHIP-USD+0.0104%1h0.04680−0.444%$216K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0161%1h0.04696−0.109%$124$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+1.361%$46K$37K50xas long as short