Settings8H · net · $10k
Funding arb · Price arb /

CHIP

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.099%
Price spread now: BingX against ApeX Omni−0.334%83s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$850.852% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.462%+$46 on $10k
Price spread, last 4 days (all we have)−0.522%−$52 · spread now −0.334%, 7d avg +0.006%
Together, before fees−0.060%−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.340% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.334% now, against its 7-day average of +0.006%). If the spread goes back, that is −$34 on $10k: about 2.7 days of funding at the current rate (+$13 a day). The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04791−0.0320get 0.0040% / 1h39m 55s$18K$247K50x
ShortBingX CHIP-USDT0.047750.0100get 0.0050% / 4h39m 55s$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$88.3
Price spread: −0.334% → +0.006%
−$33.97
Slippage, 4 orders
−$65.19
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$30.87
Costs to cover
0.852%
Break-even
9.4 days
Slippage from ApeX Omni: live order book, 62 min ago; BingX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 62 min ago8.39 bp16.5 bp −$17135.4 bp −$1,354doesn't fitdoesn't fit
Sell BingX live order book, 7 min ago7.32 bp25.4 bp −$2586.3 bp −$863doesn't fitdoesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CHIP_USDC-PERPETUAL−0.0460%1h0.04783−0.175%$10K$23K10xas long as short
Phoenix CHIP−0.0335%1h0.04786−0.104%$3K$125K5xas long as short
ApeX Omni CHIPUSDTlong−0.0320%1h0.04791long leg$18K$247K50x
Bybit CHIPUSDT−0.0187%4h0.04775−0.334%$10.8M$9.0M20xas long as short
OKX CHIP-USDT-SWAP−0.0117%4h0.04770−0.438%$2.1M$9.7M20xas long as short
KuCoin CHIPUSDTM−0.0020%4h0.04783−0.167%$1.0M$1.1M50xas long as short
Nado CHIP-PERP+0.0062%1h0.04780−0.230%$242K$18K5xas long as short
BloFin CHIP-USDT+0.0071%4h0.04792+0.021%$575K$101K50xas long as short
Lighter CHIP+0.0096%1h0.04784−0.146%$99K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04787−0.092%$14.8M$5.9M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDT+0.0100%4h0.04774−0.347%$50K$274K5xas long as short
Pacifica CHIP+0.0100%1h0.04790−0.021%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04769−0.459%$14.3M$27.0M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04790−0.021%$685K$973K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04770−0.438%$1.9M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04776−0.313%$2.0M$3.4M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04775−0.334%$1.9M
Backpack CHIP_USDC_PERP+0.0100%1h0.04780−0.230%$26K$226K5xas long as short
Variational Omni CHIP+0.0100%4h0.04790−0.019%$918K$465Kas long as short
SunX CHIP-USDT+0.0100%4h0.04778−0.271%$687$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04768−0.476%$217K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0163%1h0.04792+0.013%$73$36K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0920%1h0.04839+1.008%$46K$37K50xas long as short