Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.071%
Price spread now: OKX against ApeX Omni−0.128%70s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.733% of the position
Funding, last 7 days+0.345%+$34 on $10k
+Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.128%, 7d avg −0.008%
=Funding pays, the price is against you. OKX is 0.120% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.008%). If the spread goes back, that is −$12 on $10k: about 7.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.345% in total) that is about 2.4 days. The two prices were read 70 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 | ApeX Omni CHIPUSDT | 0.04678 | −0.0121 | get 0.0015% / 1h | 22m 24s | $14K | $249K | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04672 | −0.0070 | pay 0.0035% / 4h | 22m 24s | $1.9M | $9.2M | 20x |
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.85
- Price spread: −0.128% → −0.008%
- −$12
- Slippage, 4 orders
- −$53.33
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$74.48
- Costs to cover
- 0.733%
- Break-even
- 55.1 days
Slippage from ApeX Omni: live order book, 54 min ago; OKX: live order book, 6 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 ApeX Omni live order book, 54 min ago | 8.68 bp | 16.1 bp −$16 | 129.5 bp −$1,295 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.07 bp | 18.6 bp −$19 | 173.2 bp −$1,732 | 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 | −0.1401% | 1h | 0.04666 | −0.257% | $14K | $236K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04681 | +0.064% | $3K | $140K | 5x | as long as short |
| ApeX Omni CHIPUSDTlong | −0.0121% | 1h | 0.04678 | long leg | $14K | $249K | 50x | |
| OKX CHIP-USDT-SWAPshort | −0.0070% | 4h | 0.04672 | −0.128% | $1.9M | $9.2M | 20x | |
| Bybit CHIPUSDT | +0.0016% | 4h | 0.04676 | −0.043% | $10.9M | $8.9M | 20x | as long as short |
| Extended CHIP-USD | +0.0064% | 1h | 0.04672 | −0.134% | $212K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0066% | 4h | 0.04667 | −0.235% | $1.8M | $1.1M | 50x | as long as short |
| Binance CHIPUSDT | +0.0071% | 4h | 0.04676 | −0.043% | $14.0M | $26.1M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0072% | 4h | 0.04664 | −0.299% | $551K | $66K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0080% | 1h | 0.04684 | +0.139% | $87 | $39K | 5x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
Bybit CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDT
Binance CHIPUSDT
BloFin CHIP-USDT
Aftermath Perps CHIPUSDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04671 | −0.150% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04689 | +0.242% | $14.8M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04674 | −0.086% | $50K | $238K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04671 | −0.156% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04675 | −0.064% | $691K | $913K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04673 | −0.107% | $984K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04675 | −0.064% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04675 | −0.064% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04685 | +0.159% | $879K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04662 | −0.342% | $793 | $1.1M | 10x | as long as short |
| Nado CHIP-PERP | +0.0202% | 1h | 0.04675 | −0.053% | $234K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0349% | 1h | 0.04680 | +0.045% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04715 | +0.795% | $45K | $40K | 50x | as long as short |
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX