Funding you earn now, next payment 01:00 UTC−0.0272%/8h= −29.7% APRpaid last 24h −0.081%
Price spread now: Phoenix against Variational Omni−0.562%99s7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.276%−$28 on $10k
+Price spread, last 4 days (all we have)−0.553%−$55 · spread now −0.562%, 7d avg −0.045%
=Together, before fees−0.829%+ Points / potential airdropVariational Omni: Active · farm board−$83 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.517% cheaper against Variational Omni than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 99 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 | Variational Omni CHIP | 0.04669 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $878K | $459K | — |
| Short | Phoenix CHIP | 0.04643 | −0.0172 | pay 0.0021% / 1h | 25m 50s | $3K | $129K | 5x |
Variational Omni CHIP
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$57.04
- Price spread: −0.562% → −0.045%
- −$51.69
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$115.72
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 43 min ago; Phoenix: live order book, 35 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, 43 min ago | 7.47 bp | doesn't fit | 131.3 bp −$1,313 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 35 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | doesn't fit | doesn't fit |
CHIP on 22 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 | −0.1175% | 1h | 0.04668 | −0.026% | $15K | $219K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0208% | 1h | 0.04645 | −0.519% | $16K | $250K | 50x | as long as short |
| Phoenix CHIPshort | −0.0172% | 1h | 0.04643 | −0.562% | $3K | $129K | 5x | |
| Nado CHIP-PERP | −0.0009% | 1h | 0.04664 | −0.101% | $235K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0008% | 4h | 0.04658 | −0.241% | $1.9M | $9.1M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04670 | +0.016% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04673 | +0.089% | $14.6M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04669 | −0.003% | $36K | $254K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04656 | −0.277% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04660 | −0.196% | $14.0M | $25.9M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04664 | −0.112% | $10.9M | $8.6M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04662 | −0.155% | $689K | $952K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04665 | −0.091% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04667 | −0.048% | $979K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04665 | −0.091% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04659 | −0.219% | — | $1.9M | — | as long as short |
| Variational Omni CHIPlong | +0.0100% | 4h | 0.04669 | long leg | $878K | $459K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04664 | −0.112% | $606 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04663 | −0.129% | $211K | $1.9M | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0328% | 1h | 0.04674 | +0.104% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0409% | 1h | 0.04660 | −0.204% | $93 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04715 | +0.972% | $45K | $40K | 50x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
SunX CHIP-USDT
Extended CHIP-USD
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX