Funding you earn now, next payment 12:00 UTC−0.1099%/8h= −120.4% APRpaid last 24h −0.124%
Price spread now: ApeX Omni against BingX+0.087%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$740.737% of the position
Funding, last 7 days−0.477%−$48 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.087%, 7d avg −0.013%
=The price spread pays, funding is against you. ApeX Omni is 0.100% dearer against BingX than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.013%): +$10 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.477% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.477% in total (about -24.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CHIP-USDT | 0.04592 | 0.0100 | pay 0.0050% / 4h | 50m 50s | — | $1.8M | — |
| Short | ApeX Omni CHIPUSDT | 0.04596 | −0.0999 | pay 0.0125% / 1h | 50m 50s | $16K | $230K | 50x |
BingX CHIP-USDT
ApeX Omni CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against BingX. 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
- −$230.82
- Price spread: +0.087% → −0.013%
- $10.04
- Slippage, 4 orders
- −$53.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$294.48
- Costs to cover
- 0.737%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; ApeX Omni: live order book, 54 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 BingX live order book, 5 min ago | 4.35 bp | 19.9 bp −$20 | 86.2 bp −$862 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 54 min ago | 7.55 bp | 15.3 bp −$15 | 119.1 bp −$1,191 | doesn't fit | doesn't fit |
CHIP on 23 exchanges
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 | −0.1228% | 1h | 0.04593 | +0.033% | $9K | $1K | 10x | as long as short |
| ApeX Omni CHIPUSDTshort | −0.0999% | 1h | 0.04596 | +0.087% | $16K | $230K | 50x | |
| Aftermath Perps CHIPUSD | −0.0471% | 1h | 0.04603 | +0.236% | $101 | $33K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0365% | 4h | 0.04591 | −0.022% | $2.1M | $7.2M | 20x | as long as short |
| Phoenix CHIP | −0.0348% | 1h | 0.04601 | +0.196% | $3K | $68K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0289% | 4h | 0.04596 | +0.087% | $10.4M | $7.7M | 20x | as long as short |
| Nado CHIP-PERP | −0.0276% | 1h | 0.04593 | +0.033% | $232K | $17K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0050% | 4h | 0.04595 | +0.065% | $950K | $1.0M | 50x | as long as short |
| Aster CHIPUSDT | −0.0027% | 4h | 0.04596 | +0.087% | $47K | $243K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0092% | 4h | 0.04593 | +0.022% | $558K | $109K | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
OKX CHIP-USDT-SWAP
Phoenix CHIP
Bybit CHIPUSDT
Nado CHIP-PERP
KuCoin CHIPUSDTM
Aster CHIPUSDT
BloFin CHIP-USDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04596 | +0.087% | $96K | $86K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04600 | +0.183% | $13.6M | $5.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04598 | +0.133% | $15K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04591 | −0.019% | $13.6M | $22.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04599 | +0.152% | $710K | $733K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04591 | −0.022% | $2.1M | $907K | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04592 | 0.000% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDTlong | +0.0100% | 4h | 0.04592 | long leg | — | $1.8M | — | |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04596 | +0.087% | $28K | $189K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04599 | +0.159% | $852K | $451K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04591 | −0.022% | $970 | $794K | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04590 | −0.044% | $208K | $1.6M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0992% | 1h | 0.04666 | +1.611% | $50K | $48K | 50x | as long as short |
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Coinbase International CHIP-PERP-INTX