Funding you earn now, next payment 00:00 UTC−0.0193%/8h= −21.2% APRnext payment −$0.97 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against SunX−0.187%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$288as in the Funding arb table
Net, price: spread back to 7d avg − costs−$307as in the Price arb table
costs, in and out, $10k−$2862.864% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.187%, 7d avg +0.017%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.204% cheaper against SunX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CHIP-USDT | 0.04594 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $736 | $1.1M | 10x |
| Short | Binance CHIPUSDT | 0.04585 | −0.0093 | pay 0.0047% / 4h | 1h 31m | $13.8M | $26.0M | 50x |
SunX CHIP-USDT
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$40.62
- Price spread: −0.187% → +0.017%
- −$20.41
- Slippage, 4 orders
- −$268.35
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$347.39
- Costs to cover
- 2.864%
- Break-even
- never at this rate
Slippage from SunX: live order book, 2 min ago; Binance: live order book, 10 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, 2 min ago | 47.91 bp | 126.3 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.09 bp | 15.1 bp −$15 | 68.5 bp −$685 | 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 | −0.1270% | 1h | 0.04592 | −0.044% | $16K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04595 | +0.022% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0198% | 4h | 0.04586 | −0.174% | $1.9M | $9.1M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0157% | 1h | 0.04589 | −0.103% | $110 | $39K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0145% | 4h | 0.04589 | −0.109% | $538K | $67K | 50x | as long as short |
| Nado CHIP-PERP | −0.0125% | 1h | 0.04593 | −0.022% | $230K | $18K | 5x | as long as short |
| Extended CHIP-USD | −0.0096% | 1h | 0.04588 | −0.137% | $209K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0096% | 4h | 0.04589 | −0.109% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDTshort | −0.0093% | 4h | 0.04585 | −0.187% | $13.8M | $26.0M | 50x | |
| ApeX Omni CHIPUSDT | −0.0058% | 1h | 0.04595 | +0.022% | $14K | $247K | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
Nado CHIP-PERP
Extended CHIP-USD
MEXC CHIP_USDT
ApeX Omni CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04593 | −0.015% | $10K | $25K | 10x | as long as short |
| Bybit CHIPUSDT | +0.0027% | 4h | 0.04590 | −0.087% | $10.7M | $9.0M | 20x | as long as short |
| Aster CHIPUSDT | +0.0072% | 4h | 0.04592 | −0.037% | $48K | $229K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04589 | −0.109% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04598 | +0.096% | $14.5M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04595 | +0.026% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04592 | −0.044% | $678K | $903K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04592 | −0.044% | $978K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04591 | −0.065% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04590 | −0.087% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04580 | −0.294% | $843K | $465K | — | as long as short |
| SunX CHIP-USDTlong | +0.0100% | 4h | 0.04594 | long leg | $736 | $1.1M | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +3.537% | $46K | $41K | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Coinbase International CHIP-PERP-INTX