Funding you earn now, next payment 12:00 UTC−0.0091%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.036%
Price spread now: OKX against SunX−0.233%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$333as in the Price arb table
costs, in and out, $10k−$3073.074% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)−1.112%−$111 · spread now −0.233%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.254% cheaper against SunX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CHIP-USDT | 0.04728 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $668 | $986K | 10x |
| Short | OKX CHIP-USDT-SWAP | 0.04717 | 0.0009 | get 0.0005% / 4h | 2h 55m | $2.2M | $9.3M | 20x |
SunX CHIP-USDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$19.06
- Price spread: −0.233% → +0.022%
- −$25.42
- Slippage, 4 orders
- −$289.38
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$351.86
- Costs to cover
- 3.074%
- Break-even
- never at this rate
Slippage from SunX: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago | 48.55 bp | 127.7 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.12 bp | 29.5 bp −$30 | 272.6 bp −$2,726 | 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 | −0.0187% | 1h | 0.04738 | +0.212% | $16K | $247K | 50x | as long as short |
| Phoenix CHIP | −0.0167% | 1h | 0.04746 | +0.381% | $3K | $121K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0130% | 1h | 0.04733 | +0.106% | $10K | $13K | 10x | as long as short |
| Aftermath Perps CHIPUSD | −0.0087% | 1h | 0.04747 | +0.405% | $179 | $35K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | +0.0009% | 4h | 0.04717 | −0.233% | $2.2M | $9.3M | 20x | |
| KuCoin CHIPUSDTM | +0.0066% | 4h | 0.04730 | +0.042% | $1.0M | $1.2M | 50x | as long as short |
| Nado CHIP-PERP | +0.0080% | 1h | 0.04731 | +0.063% | $239K | $18K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04729 | +0.021% | $98K | $105K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04734 | +0.137% | $14.5M | $5.7M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04726 | −0.046% | $48K | $276K | 5x | as long as short |
ApeX Omni CHIPUSDT
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
KuCoin CHIPUSDTM
Nado CHIP-PERP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04738 | +0.201% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04717 | −0.233% | $14.1M | $26.6M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04722 | −0.127% | $10.8M | $8.8M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04724 | −0.085% | $710K | $944K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04718 | −0.212% | $1.8M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04726 | −0.042% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04720 | −0.169% | — | $1.8M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04733 | +0.107% | $911K | $472K | — | as long as short |
| SunX CHIP-USDTlong | +0.0100% | 4h | 0.04728 | long leg | $668 | $986K | 10x | |
| Extended CHIP-USD | +0.0104% | 1h | 0.04721 | −0.146% | $219K | $1.7M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0144% | 4h | 0.04721 | −0.148% | $569K | $116K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0483% | 1h | 0.04731 | +0.063% | $26K | $197K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.1552% | 1h | 0.05037 | +6.536% | $48K | $39K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Extended CHIP-USD
BloFin CHIP-USDT
Backpack CHIP_USDC_PERP
Coinbase International CHIP-PERP-INTX