Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.154%
Price spread now: Backpack against SunX+0.406%49s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as 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−$2782.784% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)−0.600%−$60 · spread now +0.406%, 7d avg +0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.361% dearer against SunX than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 49 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 | SunX CHIP-USDT | 0.04676 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $782 | $1.0M | 10x |
| Short | Backpack CHIP_USDC_PERP | 0.04695 | 0.0100 | get 0.0013% / 1h | 21m 18s | $36K | $235K | 5x |
SunX CHIP-USDT
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. 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
- $0
- Price spread: +0.406% → +0.045%
- $36.13
- Slippage, 4 orders
- −$260.38
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$242.25
- Costs to cover
- 2.784%
- Break-even
- never at this rate
Slippage from SunX: live order book, 1 min ago; Backpack: live order book, 27 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 SunX live order book, 1 min ago | 46.13 bp | 124.7 bp −$125 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 27 min ago | 3.21 bp | 12.9 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0706% | 1h | 0.04644 | −0.684% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0446% | 4h | 0.04682 | +0.128% | $10.6M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0291% | 4h | 0.04670 | −0.128% | $2.0M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0263% | 1h | 0.04675 | −0.017% | $9K | $24K | 10x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04629 | −1.005% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0101% | 1h | 0.04684 | +0.182% | $237K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0032% | 4h | 0.04690 | +0.299% | $985K | $1.2M | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0062% | 1h | 0.04652 | −0.523% | $109 | $37K | 5x | as long as short |
| Gate CHIP_USDT | +0.0086% | 4h | 0.04694 | +0.385% | $665K | $980K | 50x | as long as short |
| BloFin CHIP-USDT | +0.0089% | 4h | 0.04642 | −0.727% | $560K | $64K | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Phoenix CHIP
Nado CHIP-PERP
KuCoin CHIPUSDTM
Aftermath Perps CHIPUSD
Gate CHIP_USDT
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04692 | +0.342% | $97K | $113K | 3x | as long as short |
| MEXC CHIP_USDT | +0.0096% | 4h | 0.04684 | +0.171% | $1.7M | $1.2M | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04690 | +0.304% | $14.5M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04682 | +0.129% | $54K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04691 | +0.323% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04677 | +0.025% | $14.0M | $27.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04680 | +0.086% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04672 | −0.086% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERPshort | +0.0100% | 1h | 0.04695 | +0.406% | $36K | $235K | 5x | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04625 | −1.096% | $813K | $481K | — | as long as short |
| SunX CHIP-USDTlong | +0.0100% | 4h | 0.04676 | long leg | $782 | $1.0M | 10x | |
| Extended CHIP-USD | +0.0104% | 1h | 0.04667 | −0.199% | $212K | $1.0M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +0.881% | $45K | $37K | 50x | as long as short |
Lighter CHIP
MEXC CHIP_USDT
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Extended CHIP-USD
Coinbase International CHIP-PERP-INTX