Funding you earn now, next payment 00:00 UTC+0.0352%/8h= +38.5% APRnext payment +$1.76 per $10,000 · paid last 24h +0.008%
Price spread now: KuCoin against Bybit−0.154%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2082.080% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days+0.118%+$12 · spread now −0.154%, 7d avg −0.014%
=Funding pays, the price is against you. KuCoin is 0.140% cheaper against Bybit than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.014%). If the spread goes back, that is −$14 on $10k: about 32 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 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 | 0.04555 | −0.0252 | get 0.0126% / 4h | 1h 58m | $10.7M | $9.0M | 20x |
| Short | KuCoin CHIPUSDTM | 0.04548 | 0.0100 | get 0.0050% / 4h | 1h 58m | $971K | $1.1M | 50x |
Bybit CHIPUSDT
KuCoin CHIPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $73.84
- Price spread: −0.154% → −0.014%
- −$13.95
- Slippage, 4 orders
- −$185
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$148.11
- Costs to cover
- 2.080%
- Break-even
- 21.0 days
Slippage from Bybit: live order book, 4 min ago; KuCoin: 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 Bybit live order book, 4 min ago | 3.31 bp | 29.6 bp −$30 | 123.3 bp −$1,233 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 15.43 bp | 56.0 bp −$56 | 470.3 bp −$4,703 | 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 | −0.1081% | 1h | 0.04552 | −0.066% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0656% | 1h | 0.04540 | −0.329% | $14K | $249K | 50x | as long as short |
| Nado CHIP-PERP | −0.0397% | 1h | 0.04553 | −0.044% | $228K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0278% | 4h | 0.04557 | +0.044% | $1.9M | $9.1M | 20x | as long as short |
| Bybit CHIPUSDTlong | −0.0252% | 4h | 0.04555 | long leg | $10.7M | $9.0M | 20x | |
| Phoenix CHIP | −0.0173% | 1h | 0.04534 | −0.461% | $3K | $143K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0145% | 1h | 0.04555 | +0.011% | $109 | $39K | 5x | as long as short |
| Extended CHIP-USD | −0.0136% | 1h | 0.04554 | −0.026% | $206K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0132% | 4h | 0.04552 | −0.060% | $13.7M | $26.0M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0132% | 4h | 0.04551 | −0.088% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Phoenix CHIP
Aftermath Perps CHIPUSD
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-USDT | −0.0127% | 4h | 0.04546 | −0.198% | $543K | $65K | 50x | as long as short |
| Aster CHIPUSDT | −0.0003% | 4h | 0.04555 | −0.010% | $47K | $228K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04556 | +0.029% | $9K | $25K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04553 | −0.044% | $84K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04560 | +0.114% | $14.4M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04541 | −0.307% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04550 | −0.110% | $674K | $900K | 50x | as long as short |
| KuCoin CHIPUSDTMshort | +0.0100% | 4h | 0.04548 | −0.154% | $971K | $1.1M | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04555 | 0.000% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04554 | −0.022% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04545 | −0.212% | $835K | $472K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04547 | −0.176% | $814 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +4.424% | $46K | $41K | 50x | as long as short |
BloFin CHIP-USDT
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX