Funding you earn now, next payment 08:00 UTC−0.0217%/8h= −23.8% APRnext payment −$1.08 per $10,000 · paid last 24h −0.028%
Price spread now: OKX against BingX−0.105%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$890.886% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 7 days+0.162%+$16 · spread now −0.105%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.115% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.08 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 | BingX CHIP-USDT | 0.04775 | 0.0100 | pay 0.0050% / 4h | 39m 57s | — | $1.9M | — |
| Short | OKX CHIP-USDT-SWAP | 0.04770 | −0.0117 | pay 0.0058% / 4h | 39m 57s | $2.1M | $9.7M | 20x |
BingX CHIP-USDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$45.57
- Price spread: −0.105% → +0.010%
- −$11.51
- Slippage, 4 orders
- −$68.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$145.63
- Costs to cover
- 0.886%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago | 7.32 bp | 26.6 bp −$27 | 84.9 bp −$849 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.04 bp | 16.9 bp −$17 | 187.1 bp −$1,871 | 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 | −0.0460% | 1h | 0.04783 | +0.159% | $10K | $23K | 10x | as long as short |
| Phoenix CHIP | −0.0335% | 1h | 0.04786 | +0.230% | $3K | $125K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0320% | 1h | 0.04791 | +0.335% | $18K | $247K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0187% | 4h | 0.04775 | 0.000% | $10.8M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0117% | 4h | 0.04770 | −0.105% | $2.1M | $9.7M | 20x | |
| KuCoin CHIPUSDTM | −0.0020% | 4h | 0.04783 | +0.168% | $1.0M | $1.1M | 50x | as long as short |
| Nado CHIP-PERP | +0.0062% | 1h | 0.04780 | +0.105% | $242K | $18K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0071% | 4h | 0.04792 | +0.356% | $575K | $101K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04784 | +0.188% | $99K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04787 | +0.243% | $14.8M | $5.9M | 3x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Phoenix CHIP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
KuCoin CHIPUSDTM
Nado CHIP-PERP
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04774 | −0.013% | $50K | $274K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04790 | +0.314% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04769 | −0.126% | $14.3M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04790 | +0.314% | $685K | $973K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04770 | −0.105% | $1.9M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04776 | +0.021% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDTlong | +0.0100% | 4h | 0.04775 | long leg | — | $1.9M | — | |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04780 | +0.105% | $26K | $226K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04790 | +0.316% | $918K | $465K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04778 | +0.063% | $687 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04768 | −0.142% | $217K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0163% | 1h | 0.04792 | +0.348% | $73 | $36K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0920% | 1h | 0.04839 | +1.347% | $46K | $37K | 50x | as long as short |
Aster CHIPUSDT
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
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX