Funding you earn now, next payment 22:00 UTC+0.2230%/8h= +244.2% APRpaid last 24h +0.069%
Price spread now: Variational Omni against Backpack+0.872%7-day average +0.018% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.323%+$32 on $10k
+Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.872%, 7d avg +0.018%
=Together, before fees+0.174%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Variational Omni is 0.854% dearer against Backpack than usual: you sell high and buy low: +$85 more if the spread goes back to its 7-day average of +0.018%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.323% in total (about 36.7% 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 | 0.04582 | −0.2130 | get 0.0266% / 1h | 50m 57s | $16K | $235K | 5x |
| Short | Variational Omni CHIP | 0.04622 | 0.0100 | get 0.0050% / 4h | 2h 50m | $842K | $463K | — |
Backpack CHIP_USDC_PERP
Variational Omni CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $468.3
- Price spread: +0.872% → +0.018%
- $85.41
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $543.71
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 37 min ago; Variational Omni: RFQ quote, 38 min ago. Net counts fees only.
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, 37 min ago | 3.21 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 38 min ago | 5.33 bp | doesn't fit | 139.6 bp −$1,396 | 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_PERPlong | −0.2130% | 1h | 0.04582 | long leg | $16K | $235K | 5x | |
| ApeX Omni CHIPUSDT | −0.1160% | 1h | 0.04592 | +0.218% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0510% | 4h | 0.04585 | +0.065% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0182% | 1h | 0.04582 | 0.000% | $229K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04589 | +0.153% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0162% | 4h | 0.04582 | 0.000% | $1.9M | $9.1M | 20x | as long as short |
| BloFin CHIP-USDT | −0.0130% | 4h | 0.04583 | +0.022% | $547K | $71K | 50x | as long as short |
| Binance CHIPUSDT | −0.0082% | 4h | 0.04579 | −0.065% | $13.8M | $25.6M | 50x | as long as short |
| Extended CHIP-USD | −0.0080% | 1h | 0.04581 | −0.030% | $209K | $1.3M | 5x | as long as short |
| Aster CHIPUSDT | −0.0079% | 4h | 0.04586 | +0.087% | $41K | $226K | 5x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Binance CHIPUSDT
Extended CHIP-USD
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0078% | 4h | 0.04580 | −0.044% | $1.8M | $1.2M | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04587 | +0.120% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0073% | 1h | 0.04607 | +0.538% | $85 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04583 | +0.022% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04588 | +0.133% | $14.7M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04583 | +0.017% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04588 | +0.131% | $699K | $891K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04583 | +0.022% | $995K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04585 | +0.065% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04582 | 0.000% | — | $1.9M | — | as long as short |
| Variational Omni CHIPshort | +0.0100% | 4h | 0.04622 | +0.872% | $842K | $463K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04581 | −0.022% | $809 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.808% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX