Funding you earn now, next payment 04:00 UTC+0.0726%/8h= +79.5% APRpaid last 24h +0.139%
Price spread now: KuCoin against Backpack−0.107%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1331.332% of the position
Funding, last 7 days−0.443%−$44 on $10k
+Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.107%, 7d avg +0.035%
=Funding pays, the price is against you. KuCoin is 0.142% cheaper against Backpack than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of +0.035%). If the spread goes back, that is −$14 on $10k: about 16 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.443%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.443% in total (about -23.1% 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 | Backpack CHIP_USDC_PERP | 0.04672 | −0.0626 | get 0.0078% / 1h | 42m 57s | $33K | $245K | 5x |
| Short | KuCoin CHIPUSDTM | 0.04667 | 0.0100 | get 0.0050% / 4h | 42m 57s | $976K | $1.1M | 50x |
Backpack CHIP_USDC_PERP
KuCoin CHIPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Backpack. 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
- $152.55
- Price spread: −0.107% → +0.035%
- −$14.21
- Slippage, 4 orders
- −$111.2
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $5.13
- Costs to cover
- 1.332%
- Break-even
- 6.8 days
Slippage from Backpack: live order book, 15 min ago; KuCoin: live order book, 2 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 Backpack live order book, 15 min ago | 2.13 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 9.62 bp | 44.3 bp −$44 | 481.6 bp −$4,816 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | −0.0798% | 1h | 0.04671 | −0.028% | $10K | $24K | 10x | as long as short |
| Backpack CHIP_USDC_PERPlong | −0.0626% | 1h | 0.04672 | long leg | $33K | $245K | 5x | |
| ApeX Omni CHIPUSDT | −0.0593% | 1h | 0.04671 | −0.021% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0550% | 4h | 0.04668 | −0.086% | $10.7M | $9.0M | 20x | as long as short |
| Phoenix CHIP | −0.0510% | 1h | 0.04664 | −0.171% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0392% | 4h | 0.04661 | −0.235% | $2.0M | $9.5M | 20x | as long as short |
| Aster CHIPUSDT | −0.0106% | 4h | 0.04674 | +0.043% | $50K | $276K | 5x | as long as short |
| Nado CHIP-PERP | −0.0078% | 1h | 0.04673 | +0.032% | $236K | $20K | 5x | as long as short |
| Extended CHIP-USD | +0.0072% | 1h | 0.04660 | −0.250% | $213K | $1.9M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0072% | 4h | 0.04660 | −0.257% | $1.8M | $1.2M | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Nado CHIP-PERP
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0072% | 4h | 0.04661 | −0.235% | $14.1M | $26.8M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04670 | −0.043% | $86K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04674 | +0.045% | $14.5M | $6.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04683 | +0.240% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04679 | +0.150% | $679K | $951K | 50x | as long as short |
| KuCoin CHIPUSDTMshort | +0.0100% | 4h | 0.04667 | −0.107% | $976K | $1.1M | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04666 | −0.128% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04663 | −0.193% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | −0.008% | $831K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04676 | +0.086% | $506 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDT | +0.0113% | 4h | 0.04671 | −0.021% | $569K | $63K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0317% | 1h | 0.04679 | +0.155% | $137 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +3.913% | $47K | $42K | 50x | as long as short |
Binance CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX