Spread before costs (cost unknown: a leg has no order-book sample)+0.150%
7d average—if it closes, per $10,000$15funding while held, a day−$5.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CHIP_USDC-PERPETUAL | 0.04600 | 0 | get 0.0000% / 1h | 57m 40s | $10K | $24K | 10x |
| Short | Phoenix CHIP | 0.04607 | −0.0177 | pay 0.0022% / 1h | 57m 40s | $3K | $143K | 5x |
Deribit CHIP_USDC-PERPETUAL
Phoenix CHIPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $15
- Funding while held
- −$5.3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$4.3
- Spread needed to break even
- 0.140%
Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 22 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0177%
- Per $10,000 a day
- −$5.30
- Average in range /8h
- —
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 22 min ago | 4.39 bp | 26.7 bp −$27 | 71.4 bp −$714 | doesn't fit | doesn't fit |
Deribit: 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 price on every exchange
against the cheapest. Click to use as the short leg.Extended0.04587cheapestOKX0.04587+0.003%BingX0.04587+0.003%Bybit0.04589+0.047%Bitget0.04591+0.090%MEXC0.04592+0.112%SunX0.04594+0.156%Binance0.04595+0.172%BloFin0.04595+0.178%Aster0.04596+0.208%Backpack0.04597+0.221%Nado0.04598+0.232%Gate0.04598+0.243%Lighter0.04599+0.265%Variational Omni0.04599+0.267%Pacifica0.04600+0.280%
Extended
OKX
BingX
Bybit
Bitget
MEXC
SunX
Binance
BloFin
Aster
Backpack
Nado
Gate
Lighter
Variational Omni
PacificaDeribit0.04600+0.289%
KuCoin0.04602+0.330%Aftermath Perps0.04604+0.371%ApeX Omni0.04604+0.374%Hyperliquid0.04605+0.385%
KuCoin
ApeX Omni
HyperliquidPhoenix0.04607+0.439%
Coinbase International0.04613+0.577%
Coinbase InternationalCHIP on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | −0.288% | +0.0104% | 1h | $210K | $1.3M | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.285% | +0.0040% | 4h | $1.9M | $8.9M | 20x | as long as short |
| BingX CHIP-USDT | −0.285% | +0.0100% | 4h | — | $1.9M | — | as long as short |
| Bybit CHIPUSDT | −0.241% | +0.0100% | 4h | $10.8M | $8.5M | 20x | as long as short |
| Bitget CHIPUSDT | −0.198% | +0.0100% | 4h | $2.0M | $2.8M | 50x | as long as short |
| MEXC CHIP_USDT | −0.176% | +0.0100% | 4h | $1.8M | $1.1M | 50x | as long as short |
| SunX CHIP-USDT | −0.133% | +0.0100% | 4h | $694 | $1.0M | 10x | as long as short |
| Binance CHIPUSDT | −0.117% | +0.0100% | 4h | $14.0M | $24.6M | 50x | as long as short |
| BloFin CHIP-USDT | −0.111% | +0.0054% | 4h | $555K | $75K | 50x | as long as short |
| Aster CHIPUSDT | −0.081% | +0.0100% | 4h | $39K | $216K | 5x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.067% | −0.0086% | 1h | $18K | $234K | 5x | as long as short |
| Nado CHIP-PERP | −0.057% | −0.0039% | 1h | $230K | $18K | 5x | as long as short |
| Gate CHIP_USDT | −0.046% | +0.0100% | 4h | $689K | $862K | 50x | as long as short |
| Lighter CHIP | −0.024% | +0.0096% | 1h | $86K | $109K | 3x | as long as short |
| Variational Omni CHIP | −0.021% | +0.0100% | 4h | $879K | $377K | — | as long as short |
| Pacifica CHIP | −0.009% | +0.0100% | 1h | $13K | $812 | 3x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $10K | $24K | 10x | |
| KuCoin CHIPUSDTM | +0.041% | +0.0100% | 4h | $995K | $1.1M | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.082% | +0.0038% | 1h | $150 | $40K | 5x | as long as short |
| ApeX Omni CHIPUSDT | +0.085% | −0.0056% | 1h | $13K | $248K | 50x | as long as short |
| Hyperliquid CHIP | +0.096% | +0.0100% | 1h | $14.7M | $6.3M | 3x | as long as short |
| Phoenix CHIPshort | +0.150% | −0.0177% | 1h | $3K | $143K | 5x | |
| Coinbase International CHIP-PERP-INTX | +0.287% | +0.0696% | 1h | $45K | $39K | 50x | as long as short |