Funding you earn now, next payment 04:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.59 per $10,000 · paid last 24h +0.009%
Price spread now: OKX against Bybit−0.152%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1091.087% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days+0.127%+$13 · spread now −0.152%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.121% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CHIPUSDT | 0.04620 | 0.0057 | pay 0.0029% / 4h | 3h 36m | $10.8M | $8.7M | 20x |
| Short | OKX CHIP-USDT-SWAP | 0.04613 | −0.0060 | pay 0.0030% / 4h | 3h 36m | $1.9M | $9.0M | 20x |
Bybit CHIPUSDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$24.58
- Price spread: −0.152% → −0.030%
- −$12.1
- Slippage, 4 orders
- −$87.69
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$145.37
- Costs to cover
- 1.087%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 2.17 bp | 33.5 bp −$33 | 122.9 bp −$1,229 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.26 bp | 19.1 bp −$19 | 174.6 bp −$1,746 | 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 | −0.1150% | 1h | 0.04623 | +0.065% | $14K | $233K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0536% | 1h | 0.04607 | −0.281% | $14K | $248K | 50x | as long as short |
| Nado CHIP-PERP | −0.0186% | 1h | 0.04614 | −0.130% | $231K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04612 | −0.173% | $3K | $140K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0060% | 4h | 0.04613 | −0.152% | $1.9M | $9.0M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04620 | +0.009% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDTlong | +0.0057% | 4h | 0.04620 | long leg | $10.8M | $8.7M | 20x | |
| Lighter CHIP | +0.0096% | 1h | 0.04619 | −0.022% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04624 | +0.084% | $14.5M | $6.6M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04618 | −0.045% | $46K | $237K | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04620 | 0.000% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04616 | −0.087% | $13.9M | $26.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04620 | 0.000% | $682K | $907K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04613 | −0.152% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04618 | −0.043% | $971K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04622 | +0.043% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04616 | −0.087% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04618 | −0.048% | $866K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04607 | −0.281% | $602 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04614 | −0.129% | $211K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0146% | 4h | 0.04622 | +0.043% | $547K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0370% | 1h | 0.04618 | −0.046% | $85 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04647 | +0.584% | $45K | $40K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX