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
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%
=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).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04701 | −0.0338 | get 0.0042% / 1h | 27m 03s | $3K | $137K | 5x |
| Short | SunX CHIP-USDT | 0.04694 | 0.0100 | get 0.0050% / 4h | 3h 27m | $907 | $1.0M | 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
- $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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 18 min ago | 4.26 bp | 26.0 bp −$26 | 78.8 bp −$788 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 45.87 bp | 128.8 bp −$129 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0791% | 4h | 0.04683 | −0.383% | $10.7M | $9.1M | 20x | as long as short |
| Phoenix CHIPlong | −0.0338% | 1h | 0.04701 | long leg | $3K | $137K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0304% | 4h | 0.04680 | −0.447% | $2.0M | $9.6M | 20x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0173% | 1h | 0.04686 | −0.319% | $34K | $229K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0105% | 1h | 0.04706 | +0.106% | $16K | $245K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0070% | 1h | 0.04684 | −0.362% | $9K | $24K | 10x | as long as short |
| Nado CHIP-PERP | −0.0031% | 1h | 0.04680 | −0.447% | $237K | $18K | 5x | as long as short |
| Gate CHIP_USDT | +0.0036% | 4h | 0.04687 | −0.298% | $672K | $987K | 50x | as long as short |
| Aster CHIPUSDT | +0.0070% | 4h | 0.04689 | −0.258% | $56K | $279K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0074% | 4h | 0.04682 | −0.404% | $970K | $1.1M | 50x | as long as short |
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
Gate CHIP_USDT
Aster CHIPUSDT
KuCoin CHIPUSDTMShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | +0.0077% | 4h | 0.04679 | −0.468% | $561K | $65K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04686 | −0.319% | $96K | $114K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04692 | −0.194% | $14.5M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04694 | −0.157% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04680 | −0.447% | $14.1M | $27.1M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04681 | −0.425% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04683 | −0.383% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04682 | −0.404% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04704 | +0.057% | $832K | $529K | — | as long as short |
| SunX CHIP-USDTshort | +0.0100% | 4h | 0.04694 | −0.149% | $907 | $1.0M | 10x | |
| Extended CHIP-USD | +0.0104% | 1h | 0.04680 | −0.444% | $216K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0161% | 1h | 0.04696 | −0.109% | $124 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04765 | +1.361% | $46K | $37K | 50x | as long as short |
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX