Funding you earn now, next payment 00:00 UTC+0.0312%/8h= +34.2% APRnext payment +$1.56 per $10,000 · paid last 24h +0.015%
Price spread now: BingX against Bybit−0.087%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1131.127% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.087%, 7d avg −0.041%
=Funding pays, the price is against you. BingX is 0.045% cheaper against Bybit than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.041%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.118% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 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 | Bybit CHIPUSDT | 0.04616 | −0.0212 | get 0.0106% / 4h | 2h 24m | $10.7M | $8.9M | 20x |
| Short | BingX CHIP-USDT | 0.04612 | 0.0100 | get 0.0050% / 4h | 2h 24m | — | $1.9M | — |
Bybit CHIPUSDT
BingX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $65.52
- Price spread: −0.087% → −0.041%
- −$4.54
- Slippage, 4 orders
- −$91.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$51.77
- Costs to cover
- 1.127%
- Break-even
- 12.5 days
Slippage from Bybit: live order book, 4 min ago; BingX: 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 Bybit live order book, 4 min ago | 2.17 bp | 33.3 bp −$33 | 115.5 bp −$1,155 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 6.51 bp | 24.1 bp −$24 | 69.5 bp −$695 | 725.3 bp −$72.5K | 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 | −0.1108% | 1h | 0.04611 | −0.108% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0599% | 1h | 0.04611 | −0.108% | $14K | $248K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0529% | 1h | 0.04618 | +0.039% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDTlong | −0.0212% | 4h | 0.04616 | long leg | $10.7M | $8.9M | 20x | |
| Nado CHIP-PERP | −0.0188% | 1h | 0.04616 | 0.000% | $231K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0175% | 4h | 0.04613 | −0.065% | $1.9M | $9.2M | 20x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04618 | +0.043% | $3K | $143K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0152% | 4h | 0.04610 | −0.130% | $542K | $66K | 50x | as long as short |
| Binance CHIPUSDT | −0.0116% | 4h | 0.04609 | −0.152% | $13.9M | $25.7M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0114% | 4h | 0.04608 | −0.173% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Phoenix CHIP
BloFin CHIP-USDT
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | −0.0112% | 1h | 0.04612 | −0.084% | $210K | $1.3M | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0079% | 1h | 0.04605 | −0.243% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0030% | 4h | 0.04617 | +0.031% | $44K | $226K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04613 | −0.065% | $86K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04619 | +0.063% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04613 | −0.061% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04616 | 0.000% | $693K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04613 | −0.065% | $986K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04616 | 0.000% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDTshort | +0.0100% | 4h | 0.04612 | −0.087% | — | $1.9M | — | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | +0.051% | $840K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04615 | −0.022% | $751 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.044% | $46K | $41K | 50x | as long as short |
Extended CHIP-USD
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX