Funding you earn now, next payment 01:00 UTC−0.1020%/8h= −111.6% APRnext payment −$1.27 per $10,000 · paid last 24h −0.328%
Price spread now: Phoenix against Coinbase International−1.052%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Phoenix is 1.052% cheaper against Coinbase International than usual: you would sell low and buy high (−$105 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CHIP-PERP-INTX | 0.04715 | 0.0848 | pay 0.0106% / 1h | 22m 35s | $45K | $40K | 50x |
| Short | Phoenix CHIP | 0.04665 | −0.0172 | pay 0.0021% / 1h | 22m 35s | $3K | $129K | 5x |
Coinbase International CHIP-PERP-INTX
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- −$214.12
- Price spread: −1.052% → 0.000%
- −$105.21
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$336.32
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Phoenix: live order book, 38 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 38 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CHIP on 22 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 | −0.1177% | 1h | 0.04700 | −0.310% | $14K | $220K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0194% | 1h | 0.04670 | −0.946% | $16K | $244K | 50x | as long as short |
| Phoenix CHIPshort | −0.0172% | 1h | 0.04665 | −1.052% | $3K | $129K | 5x | |
| Nado CHIP-PERP | −0.0014% | 1h | 0.04689 | −0.543% | $236K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0002% | 4h | 0.04694 | −0.437% | $1.9M | $9.2M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0006% | 1h | 0.04693 | −0.454% | $10K | $24K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04697 | −0.373% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04710 | −0.095% | $14.8M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04700 | −0.305% | $36K | $254K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04700 | −0.310% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04691 | −0.494% | $14.1M | $25.9M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04700 | −0.310% | $10.9M | $8.6M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04704 | −0.225% | $695K | $952K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04696 | −0.395% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04702 | −0.267% | $986K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04703 | −0.246% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04693 | −0.458% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04669 | −0.962% | $878K | $459K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04684 | −0.649% | $652 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04693 | −0.462% | $214K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0431% | 1h | 0.04672 | −0.910% | $93 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTXlong | +0.0848% | 1h | 0.04715 | long leg | $45K | $40K | 50x |
Binance CHIPUSDT
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD