Funding you earn now, next payment 05:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.090%
Price spread now: Phoenix against Bitget−0.323%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$950.952% of the position
Funding, last 7 days−0.559%−$56 on $10k
+Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.323%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.254% cheaper against Bitget than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CHIPUSDT | 0.04644 | 0.0100 | pay 0.0050% / 4h | 2h 23m | $1.9M | $3.4M | 50x |
| Short | Phoenix CHIP | 0.04629 | −0.0171 | pay 0.0021% / 1h | 23m 03s | $3K | $129K | 5x |
Bitget CHIPUSDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$56.99
- Price spread: −0.323% → −0.069%
- −$25.45
- Slippage, 4 orders
- −$76.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$177.65
- Costs to cover
- 0.952%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Phoenix: live order book, 17 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, 5 min ago | 5.41 bp | 21.8 bp −$22 | 78.9 bp −$789 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 17 min ago | 4.32 bp | 26.3 bp −$26 | 71.7 bp −$717 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0767% | 1h | 0.04627 | −0.366% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0489% | 4h | 0.04649 | +0.108% | $10.5M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0296% | 4h | 0.04646 | +0.043% | $2.0M | $9.5M | 20x | as long as short |
| Phoenix CHIPshort | −0.0171% | 1h | 0.04629 | −0.323% | $3K | $129K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0116% | 1h | 0.04640 | −0.082% | $9K | $24K | 10x | as long as short |
| Nado CHIP-PERP | −0.0093% | 1h | 0.04636 | −0.172% | $235K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0052% | 4h | 0.04636 | −0.172% | $974K | $1.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0004% | 4h | 0.04639 | −0.108% | $657K | $978K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0083% | 1h | 0.04639 | −0.099% | $109 | $37K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0089% | 4h | 0.04642 | −0.043% | $560K | $64K | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
KuCoin CHIPUSDTM
Gate CHIP_USDT
Aftermath Perps CHIPUSD
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | +0.0090% | 4h | 0.04645 | +0.022% | $1.7M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | +0.0094% | 4h | 0.04648 | +0.092% | $13.9M | $27.1M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04643 | −0.022% | $96K | $113K | 3x | as long as short |
| Extended CHIP-USD | +0.0096% | 1h | 0.04635 | −0.200% | $211K | $1.0M | 5x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04657 | +0.269% | $14.4M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04639 | −0.114% | $54K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04644 | −0.004% | $16K | $3K | 3x | as long as short |
| Bitget CHIPUSDTlong | +0.0100% | 4h | 0.04644 | long leg | $1.9M | $3.4M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04650 | +0.129% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04651 | +0.151% | $35K | $235K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04625 | −0.415% | $813K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04635 | −0.194% | $798 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +1.576% | $45K | $37K | 50x | as long as short |
MEXC CHIP_USDT
Binance CHIPUSDT
Lighter CHIP
Extended CHIP-USD
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX