Funding you earn now, next payment 22:00 UTC−0.1568%/8h= −171.7% APRpaid last 24h −0.050%
Price spread now: Backpack against Aster0.000%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$710.706% of the position
Funding, last 5 days (all we have)+0.151%+$15 on $10k
+Price spread, last 4 days (all we have)+0.584%+$58 · spread now 0.000%, 7d avg −0.029%
=Together, before fees+0.735%+ Points / potential airdropAster: Stage 5 · farm board+$73 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.029% dearer against Aster than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.029%): +$3 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 1 hour. Mind the row above: over the last 5 days funding on this pair paid +0.151%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.151% in total (about 10.5% 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 | Aster CHIPUSDT | 0.04628 | −0.0048 | get 0.0024% / 4h | 2h 58m | $41K | $222K | 5x |
| Short | Backpack CHIP_USDC_PERP | 0.04628 | −0.1616 | pay 0.0202% / 1h | 58m 00s | $16K | $236K | 5x |
Aster CHIPUSDT
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- −$329.23
- Price spread: 0.000% → −0.029%
- $2.88
- Slippage, 4 orders
- −$52.65
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$396.99
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from Aster: live order book, 28 min ago; Backpack: live order book, 30 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 Aster live order book, 28 min ago | 7.51 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 30 min ago | 3.21 bp | 10.9 bp −$11 | 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 | −0.1616% | 1h | 0.04628 | 0.000% | $16K | $236K | 5x | |
| ApeX Omni CHIPUSDT | −0.0566% | 1h | 0.04619 | −0.194% | $14K | $249K | 50x | as long as short |
| Phoenix CHIP | −0.0338% | 1h | 0.04628 | 0.000% | $3K | $142K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0322% | 4h | 0.04630 | +0.043% | $10.8M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0194% | 1h | 0.04628 | +0.011% | $232K | $18K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0112% | 4h | 0.04623 | −0.108% | $550K | $70K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0110% | 4h | 0.04623 | −0.108% | $1.9M | $9.2M | 20x | as long as short |
| Extended CHIP-USD | −0.0064% | 1h | 0.04625 | −0.066% | $211K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0061% | 4h | 0.04624 | −0.091% | $14.0M | $25.6M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0058% | 4h | 0.04626 | −0.043% | $1.8M | $1.2M | 50x | as long as short |
ApeX Omni CHIPUSDT
Phoenix CHIP
Bybit CHIPUSDT
Nado CHIP-PERP
BloFin CHIP-USDT
OKX CHIP-USDT-SWAP
Extended CHIP-USD
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDTlong | −0.0048% | 4h | 0.04628 | long leg | $41K | $222K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04634 | +0.136% | $10K | $24K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04631 | +0.065% | $86K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04636 | +0.171% | $15.0M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04630 | +0.043% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04634 | +0.130% | $705K | $890K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04630 | +0.043% | $1.0M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04633 | +0.108% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04626 | −0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04633 | +0.099% | $843K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04628 | 0.000% | $713 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0120% | 1h | 0.04634 | +0.127% | $53 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +2.777% | $46K | $41K | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX