Funding you earn now, next payment 00:00 UTC−0.0244%/8h= −26.7% APRnext payment −$1.22 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against Binance+0.152%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1071.066% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now +0.152%, 7d avg +0.080%
=The price spread pays, funding is against you. Bybit is 0.072% dearer against Binance than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.080%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.103% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.22 per $10,000. 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 | Binance CHIPUSDT | 0.04591 | −0.0117 | get 0.0059% / 4h | 2h 31m | $13.9M | $25.7M | 50x |
| Short | Bybit CHIPUSDT | 0.04598 | −0.0361 | pay 0.0181% / 4h | 2h 31m | $10.7M | $8.9M | 20x |
Binance CHIPUSDT
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$51.16
- Price spread: +0.152% → +0.080%
- $7.25
- Slippage, 4 orders
- −$85.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$150.55
- Costs to cover
- 1.066%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: 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 Binance live order book, 10 min ago | 1.09 bp | 16.4 bp −$16 | 64.5 bp −$645 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.18 bp | 39.1 bp −$39 | 145.5 bp −$1,455 | 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 | −0.1506% | 1h | 0.04593 | +0.044% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0694% | 1h | 0.04586 | −0.109% | $14K | $249K | 50x | as long as short |
| Bybit CHIPUSDTshort | −0.0361% | 4h | 0.04598 | +0.152% | $10.7M | $8.9M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0359% | 1h | 0.04596 | +0.113% | $10K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0200% | 4h | 0.04594 | +0.065% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0186% | 1h | 0.04592 | +0.022% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04587 | −0.087% | $3K | $143K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0128% | 4h | 0.04591 | 0.000% | $542K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04593 | +0.043% | $209K | $1.3M | 5x | as long as short |
| Binance CHIPUSDTlong | −0.0117% | 4h | 0.04591 | long leg | $13.9M | $25.7M | 50x |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
BloFin CHIP-USDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0114% | 4h | 0.04591 | 0.000% | $1.8M | $1.2M | 50x | as long as short |
| Aster CHIPUSDT | −0.0049% | 4h | 0.04596 | +0.120% | $43K | $229K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0029% | 1h | 0.04587 | −0.087% | $131 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04594 | +0.065% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04600 | +0.194% | $14.8M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04594 | +0.061% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04593 | +0.044% | $690K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04592 | +0.022% | $982K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04595 | +0.087% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04594 | +0.065% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04575 | −0.341% | $834K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04589 | −0.044% | $936 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.605% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
Aster CHIPUSDT
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX