Funding you earn now, next payment 21:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.072%
Price spread now: Phoenix against SunX+0.348%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$364as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$3093.088% of the position
Funding, last 7 days−0.550%−$55 on $10k
+Price spread, last 3 days (all we have)−0.849%−$85 · spread now +0.348%, 7d avg +0.012%
=The price spread pays, funding is against you. Phoenix is 0.336% dearer against SunX than usual: you sell high and buy low (spread +0.348% now, against its 7-day average of +0.012%): +$34 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CHIP-USDT | 0.04602 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $622 | $1.0M | 10x |
| Short | Phoenix CHIP | 0.04618 | −0.0173 | pay 0.0022% / 1h | 20m 53s | $3K | $143K | 5x |
SunX CHIP-USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$57.29
- Price spread: +0.348% → +0.012%
- $33.55
- Slippage, 4 orders
- −$293.83
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$332.57
- Costs to cover
- 3.088%
- Break-even
- never at this rate
Slippage from SunX: live order book, 2 min ago; Phoenix: live order book, 61 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 | 47.78 bp | 126.5 bp −$127 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 61 min ago | 4.28 bp | 26.1 bp −$26 | 71.0 bp −$710 | 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 | −0.0882% | 1h | 0.04606 | +0.087% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0577% | 1h | 0.04607 | +0.109% | $14K | $248K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0552% | 1h | 0.04608 | +0.130% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0195% | 4h | 0.04609 | +0.152% | $10.7M | $8.9M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0185% | 4h | 0.04606 | +0.087% | $1.9M | $9.2M | 20x | as long as short |
| Nado CHIP-PERP | −0.0182% | 1h | 0.04608 | +0.130% | $231K | $18K | 5x | as long as short |
| Phoenix CHIPshort | −0.0173% | 1h | 0.04618 | +0.348% | $3K | $143K | 5x | |
| BloFin CHIP-USDT | −0.0145% | 4h | 0.04603 | +0.022% | $541K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04604 | +0.053% | $210K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0119% | 4h | 0.04603 | +0.023% | $13.9M | $25.7M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
BloFin CHIP-USDT
Extended CHIP-USD
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0116% | 4h | 0.04602 | 0.000% | $1.8M | $1.2M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0085% | 1h | 0.04608 | +0.141% | $115 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0025% | 4h | 0.04613 | +0.235% | $44K | $226K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04607 | +0.109% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04612 | +0.226% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04610 | +0.176% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04610 | +0.174% | $692K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04608 | +0.130% | $985K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04607 | +0.109% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04606 | +0.087% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | +0.355% | $840K | $462K | — | as long as short |
| SunX CHIP-USDTlong | +0.0100% | 4h | 0.04602 | long leg | $622 | $1.0M | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.357% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
Aftermath Perps CHIPUSD
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