Funding you earn now, next payment 00:00 UTC−0.0270%/8h= −29.6% APRnext payment −$1.35 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget−0.108%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$930.926% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.108%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.082% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.35 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 | Bitget CHIPUSDT | 0.04612 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $2.0M | $3.0M | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04607 | −0.0170 | pay 0.0085% / 4h | 2h 24m | $1.9M | $9.2M | 20x |
Bitget CHIPUSDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$56.76
- Price spread: −0.108% → −0.027%
- −$8.15
- Slippage, 4 orders
- −$70.57
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$157.49
- Costs to cover
- 0.926%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 4 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 Bitget live order book, 3 min ago | 6.50 bp | 18.4 bp −$18 | 55.6 bp −$556 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.17 bp | 24.8 bp −$25 | 225.7 bp −$2,257 | 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 | −0.1046% | 1h | 0.04610 | −0.043% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0599% | 1h | 0.04611 | −0.022% | $14K | $248K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0594% | 1h | 0.04615 | +0.063% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0187% | 4h | 0.04612 | 0.000% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0187% | 1h | 0.04612 | +0.011% | $231K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04618 | +0.130% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0170% | 4h | 0.04607 | −0.108% | $1.9M | $9.2M | 20x | |
| BloFin CHIP-USDT | −0.0152% | 4h | 0.04610 | −0.043% | $542K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04613 | +0.023% | $210K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0116% | 4h | 0.04611 | −0.030% | $13.9M | $25.7M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
BloFin CHIP-USDT
Extended CHIP-USD
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0114% | 4h | 0.04609 | −0.065% | $1.8M | $1.2M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0084% | 1h | 0.04607 | −0.112% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0030% | 4h | 0.04618 | +0.127% | $44K | $226K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04613 | +0.022% | $86K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04616 | +0.078% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04613 | +0.026% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04616 | +0.087% | $693K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04613 | +0.022% | $986K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDTlong | +0.0100% | 4h | 0.04612 | long leg | $2.0M | $3.0M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04608 | −0.087% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | +0.137% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04608 | −0.087% | $603 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.133% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX