CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0654%/8h= −71.6% APRnext payment −$3.27 per $10,000 · paid last 24h +0.007%

Price spread now: Gate against BloFin−0.145%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1161.160% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.145%, 7d avg +0.077%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Gate is 0.222% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.27 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	BloFin CHIP-USDT	0.04823	0.0122	pay 0.0061% / 4h	3h 55m	$530K	$117K	50x
Short	Gate CHIP_USDT	0.04816	−0.0532	pay 0.0266% / 4h	3h 55m	$721K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now −0.145%Rate

Funding earned: −$137.41
Price spread: −0.145% → +0.077%: −$22.2
Slippage, 4 orders: −$88.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$275.57
Costs to cover: 1.160%
Break-even: never at this rate

Slippage from BloFin: live order book, 21 min ago; Gate: live order book, 42 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, 21 min ago	6.28 bp	23.2 bp −$23	100.2 bp −$1,002	doesn't fit	doesn't fit
Sell Gate live order book, 42 min ago	7.36 bp	31.6 bp −$32	221.5 bp −$2,215	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
Gate CHIP_USDTshort	−0.0532%	4h	0.04816	−0.145%	$721K	$1.0M	50x
Phoenix CHIP	−0.0335%	1h	0.04814	−0.187%	$3K	$122K	5x	as long as short
Bybit CHIPUSDT	−0.0335%	4h	0.04823	0.000%	$11.0M	$9.0M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0312%	1h	0.04799	−0.491%	$10K	$23K	10x	as long as short
ApeX Omni CHIPUSDT	−0.0212%	1h	0.04790	−0.684%	$17K	$247K	50x	as long as short
OKX CHIP-USDT-SWAP	−0.0058%	4h	0.04818	−0.104%	$2.2M	$9.6M	20x	as long as short
KuCoin CHIPUSDTM	−0.0046%	4h	0.04807	−0.332%	$1.0M	$1.1M	50x	as long as short
Aftermath Perps CHIPUSD	0.0000%	1h	0.04801	−0.454%	$235	$35K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04798	−0.518%	$100K	$106K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04831	+0.158%	$14.9M	$5.9M	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CHIPUSDT	+0.0100%	4h	0.04823	+0.010%	$49K	$274K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04791	−0.672%	$16K	$4K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04823	0.000%	$14.5M	$26.8M	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04817	−0.124%	$1.9M	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04824	+0.021%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04823	0.000%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04801	−0.452%	$927K	$472K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04786	−0.767%	$629	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04794	−0.598%	$219K	$1.8M	5x	as long as short
BloFin CHIP-USDTlong	+0.0122%	4h	0.04823	long leg	$530K	$117K	50x
Nado CHIP-PERP	+0.0296%	1h	0.04801	−0.456%	$243K	$18K	5x	as long as short
Backpack CHIP_USDC_PERP	+0.0539%	1h	0.04816	−0.145%	$26K	$211K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0896%	1h	0.04835	+0.241%	$46K	$37K	50x	as long as short