Funding you earn now, next payment 00:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against BloFin+0.022%52s7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 3 days (all we have)−0.550%−$55 · spread now +0.022%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.020% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.042%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CHIP-USDT | 0.04609 | −0.0097 | get 0.0049% / 4h | 2h 22m | $542K | $66K | 50x |
| Short | Bybit CHIPUSDT | 0.04610 | −0.0174 | pay 0.0087% / 4h | 2h 22m | $10.7M | $8.9M | 20x |
BloFin CHIP-USDT
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$16.24
- Price spread: +0.022% → +0.042%
- −$2.01
- Slippage, 4 orders
- −$75.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$116.97
- Costs to cover
- 0.987%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 63 min ago; Bybit: live order book, 6 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 BloFin live order book, 63 min ago | 3.22 bp | 15.6 bp −$16 | 41.9 bp −$419 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 2.17 bp | 35.6 bp −$36 | 166.2 bp −$1,662 | 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 | −0.0986% | 1h | 0.04607 | −0.043% | $16K | $234K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0704% | 1h | 0.04608 | −0.024% | $10K | $24K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0599% | 1h | 0.04611 | +0.043% | $14K | $248K | 50x | as long as short |
| Nado CHIP-PERP | −0.0185% | 1h | 0.04606 | −0.054% | $231K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0183% | 4h | 0.04608 | −0.022% | $1.9M | $9.2M | 20x | as long as short |
| Bybit CHIPUSDTshort | −0.0174% | 4h | 0.04610 | +0.022% | $10.7M | $8.9M | 20x | |
| Phoenix CHIP | −0.0173% | 1h | 0.04618 | +0.195% | $3K | $143K | 5x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04606 | −0.066% | $210K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0116% | 4h | 0.04606 | −0.065% | $13.9M | $25.7M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0116% | 4h | 0.04606 | −0.065% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Phoenix CHIP
Extended CHIP-USD
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDTlong | −0.0097% | 4h | 0.04609 | long leg | $542K | $66K | 50x | |
| Aftermath Perps CHIPUSD | −0.0085% | 1h | 0.04608 | −0.020% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0029% | 4h | 0.04613 | +0.078% | $44K | $226K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04608 | −0.022% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04614 | +0.113% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04607 | −0.039% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04611 | +0.043% | $692K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04609 | 0.000% | $985K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04608 | −0.022% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04607 | −0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | +0.203% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04604 | −0.108% | $427 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.200% | $46K | $41K | 50x | as long as short |
Aftermath Perps CHIPUSD
Aster CHIPUSDT
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