Funding you earn now, next payment 00:00 UTC−0.1435%/8h= −157.1% APRpaid last 24h −0.096%
Price spread now: Backpack against Variational Omni+0.144%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.370%−$37 on $10k
+Price spread, last 3 days (all we have)−0.333%−$33 · spread now +0.144%, 7d avg −0.015%
=Together, before fees−0.704%+ Points / potential airdropVariational Omni: Active · farm board−$70 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.159% dearer against Variational Omni than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of −0.015%): +$16 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.370% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.370% in total (about -40.6% a year). A funding rate is set anew for every payment. 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 | Variational Omni CHIP | 0.04640 | 0.0100 | pay 0.0050% / 4h | 6m 36s | $869K | $468K | — |
| Short | Backpack CHIP_USDC_PERP | 0.04647 | −0.1335 | pay 0.0167% / 1h | 6m 36s | $15K | $236K | 5x |
Variational Omni CHIP
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- −$301.27
- Price spread: +0.144% → −0.015%
- $15.9
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$295.37
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 7 min ago; Backpack: live order book, 7 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 7 min ago | 5.37 bp | doesn't fit | 136.4 bp −$1,364 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 7 min ago | 1.08 bp | 16.2 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERPshort | −0.1335% | 1h | 0.04647 | +0.144% | $15K | $236K | 5x | |
| Phoenix CHIP | −0.0173% | 1h | 0.04647 | +0.144% | $3K | $140K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0125% | 1h | 0.04649 | +0.187% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0063% | 4h | 0.04643 | +0.058% | $1.9M | $9.2M | 20x | as long as short |
| Bybit CHIPUSDT | +0.0054% | 4h | 0.04647 | +0.144% | $10.8M | $8.9M | 20x | as long as short |
| BloFin CHIP-USDT | +0.0092% | 4h | 0.04644 | +0.079% | $549K | $66K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04648 | +0.165% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04659 | +0.411% | $14.7M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04647 | +0.148% | $47K | $241K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04650 | +0.208% | $13K | $628 | 3x | as long as short |
Phoenix CHIP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Bybit CHIPUSDT
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04646 | +0.115% | $14.0M | $26.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04649 | +0.187% | $687K | $914K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04646 | +0.122% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04649 | +0.187% | $980K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04645 | +0.101% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04648 | +0.165% | — | $1.9M | — | as long as short |
| Variational Omni CHIPlong | +0.0100% | 4h | 0.04640 | long leg | $869K | $468K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04646 | +0.122% | $852 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04646 | +0.114% | $211K | $1.3M | 5x | as long as short |
| Nado CHIP-PERP | +0.0130% | 1h | 0.04646 | +0.133% | $232K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0259% | 1h | 0.04655 | +0.321% | $120 | $39K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0266% | 1h | 0.04655 | +0.312% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04715 | +1.614% | $45K | $40K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
SunX CHIP-USDT
Extended CHIP-USD
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX