Funding you earn now, next payment 22:00 UTC+0.0762%/8h= +83.4% APRpaid last 24h +0.060%
Price spread now: SunX against ApeX Omni−1.549%73s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as 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−$2892.887% of the position
Funding, last 7 days+0.433%+$43 on $10k
+Price spread, last 3 days (all we have)+2.360%+$236 · spread now −1.549%, 7d avg −0.014%
=Funding pays, the price is against you. SunX is 1.535% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −1.549% now, against its 7-day average of −0.014%). If the spread goes back, that is −$153 on $10k: about 6.7 days of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.433% in total) that is about 25 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.433% in total (about 22.6% 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 | ApeX Omni CHIPUSDT | 0.04583 | −0.0662 | get 0.0083% / 1h | 4m 04s | $14K | $249K | 50x |
| Short | SunX CHIP-USDT | 0.04512 | 0.0100 | get 0.0050% / 4h | 2h 04m | $823 | $1.1M | 10x |
ApeX Omni CHIPUSDT
SunX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $159.97
- Price spread: −1.549% → −0.014%
- −$153.49
- Slippage, 4 orders
- −$270.72
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$282.25
- Costs to cover
- 2.887%
- Break-even
- 19.4 days
Slippage from ApeX Omni: live order book, 17 min ago; SunX: live order book, 9 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, 17 min ago | 6.52 bp | 14.1 bp −$14 | 122.3 bp −$1,223 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 48.01 bp | 130.3 bp −$130 | 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_PERP | −0.0750% | 1h | 0.04523 | −1.309% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDTlong | −0.0662% | 1h | 0.04583 | long leg | $14K | $249K | 50x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0414% | 1h | 0.04518 | −1.416% | $9K | $25K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0361% | 4h | 0.04522 | −1.331% | $10.6M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0303% | 4h | 0.04513 | −1.527% | $1.9M | $9.0M | 20x | as long as short |
| BloFin CHIP-USDT | −0.0179% | 4h | 0.04566 | −0.371% | $541K | $65K | 50x | as long as short |
| Nado CHIP-PERP | −0.0177% | 1h | 0.04535 | −1.036% | $227K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04589 | +0.131% | $3K | $143K | 5x | as long as short |
| Binance CHIPUSDT | −0.0130% | 4h | 0.04521 | −1.345% | $13.6M | $25.9M | 50x | as long as short |
| Extended CHIP-USD | −0.0128% | 1h | 0.04525 | −1.265% | $206K | $1.3M | 5x | as long as short |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Nado CHIP-PERP
Phoenix CHIP
Binance CHIPUSDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0126% | 4h | 0.04527 | −1.222% | $1.8M | $1.2M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0093% | 1h | 0.04583 | +0.001% | $195 | $39K | 5x | as long as short |
| Aster CHIPUSDT | +0.0004% | 4h | 0.04534 | −1.066% | $46K | $228K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04525 | −1.266% | $84K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04534 | −1.076% | $14.4M | $6.7M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04553 | −0.657% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04526 | −1.244% | $672K | $909K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04522 | −1.331% | $965K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04534 | −1.069% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04528 | −1.200% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04584 | +0.028% | $835K | $462K | — | as long as short |
| SunX CHIP-USDTshort | +0.0100% | 4h | 0.04512 | −1.549% | $823 | $1.1M | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.786% | $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