Funding you earn now, next payment 23:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.079%
Price spread now: SunX against Phoenix−0.215%69s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$248as 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−$3043.036% of the position
Funding, last 7 days+0.552%+$55 on $10k
+Price spread, last 3 days (all we have)+0.417%+$42 · spread now −0.215%, 7d avg −0.007%
=Funding pays, the price is against you. SunX is 0.208% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.007%). If the spread goes back, that is −$21 on $10k: about 2.5 days of funding at the current rate (+$8 a day). The two prices were read 69 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 | 0.04645 | −0.0173 | get 0.0022% / 1h | 55m 48s | $3K | $140K | 5x |
| Short | SunX CHIP-USDT | 0.04635 | 0.0100 | get 0.0050% / 4h | 3h 55m | $787 | $1.1M | 10x |
Phoenix CHIP
SunX CHIP-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $57.43
- Price spread: −0.215% → −0.007%
- −$20.81
- Slippage, 4 orders
- −$288.57
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$266.94
- Costs to cover
- 3.036%
- Break-even
- 39.5 days
Slippage from Phoenix: live order book, 10 min ago; SunX: live order book, 7 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, 10 min ago | 4.30 bp | 26.2 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 21.45 bp | 151.0 bp −$151 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1164% | 1h | 0.04633 | −0.258% | $15K | $235K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0435% | 4h | 0.04626 | −0.409% | $10.8M | $8.9M | 20x | as long as short |
| Phoenix CHIPlong | −0.0173% | 1h | 0.04645 | long leg | $3K | $140K | 5x | |
| Nado CHIP-PERP | −0.0158% | 1h | 0.04630 | −0.312% | $232K | $18K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0073% | 1h | 0.04661 | +0.344% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0056% | 4h | 0.04619 | −0.560% | $1.9M | $9.1M | 20x | as long as short |
| BloFin CHIP-USDT | +0.0043% | 4h | 0.04636 | −0.194% | $545K | $66K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04632 | −0.280% | $86K | $108K | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04637 | −0.173% | $46K | $241K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04631 | −0.301% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
Nado CHIP-PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Lighter CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04624 | −0.445% | $13.9M | $26.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04637 | −0.172% | $683K | $901K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04629 | −0.344% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04635 | −0.215% | $980K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04623 | −0.474% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04632 | −0.280% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04635 | −0.207% | $870K | $469K | — | as long as short |
| SunX CHIP-USDTshort | +0.0100% | 4h | 0.04635 | −0.215% | $787 | $1.1M | 10x | |
| Extended CHIP-USD | +0.0104% | 1h | 0.04630 | −0.331% | $211K | $1.3M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0333% | 1h | 0.04649 | +0.095% | $86 | $39K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0376% | 1h | 0.04638 | −0.149% | $10K | $24K | 10x | as long as short |
| Hyperliquid CHIP | +0.0389% | 1h | 0.04644 | −0.022% | $14.6M | $6.8M | 3x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +1.511% | $45K | $40K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Extended CHIP-USD
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Hyperliquid CHIP
Coinbase International CHIP-PERP-INTX