Funding you earn now, next payment 22:00 UTC−0.0256%/8h= −28.1% APRnext payment −$0.32 per $10,000 · paid last 24h −0.068%
Price spread now: Phoenix against Extended−0.026%48s7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1221.216% of the position
Funding, last 7 days−0.534%−$53 on $10k
+Price spread, last 3 days (all we have)+0.268%+$27 · spread now −0.026%, 7d avg +0.043%
=Together, before fees−0.266%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.069% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.043%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CHIP-USD | 0.04596 | −0.0096 | get 0.0012% / 1h | 32m 27s | $209K | $1.3M | 5x |
| Short | Phoenix CHIP | 0.04595 | −0.0352 | pay 0.0044% / 1h | 32m 27s | $3K | $143K | 5x |
Extended CHIP-USD
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- −$53.85
- Price spread: −0.026% → +0.043%
- −$6.91
- Slippage, 4 orders
- −$109.6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$182.36
- Costs to cover
- 1.216%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Phoenix: live order book, 43 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 Extended live order book, 1 min ago | 3.16 bp | 32.8 bp −$33 | 259.8 bp −$2,598 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 43 min ago | 4.35 bp | 26.5 bp −$26 | 70.9 bp −$709 | 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 | −0.1276% | 1h | 0.04594 | −0.048% | $16K | $234K | 5x | as long as short |
| Phoenix CHIPshort | −0.0352% | 1h | 0.04595 | −0.026% | $3K | $143K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0208% | 4h | 0.04592 | −0.091% | $1.9M | $9.1M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0177% | 1h | 0.04585 | −0.246% | $110 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0128% | 1h | 0.04594 | −0.037% | $230K | $18K | 5x | as long as short |
| Binance CHIPUSDT | −0.0097% | 4h | 0.04594 | −0.057% | $13.8M | $26.0M | 50x | as long as short |
| Extended CHIP-USDlong | −0.0096% | 1h | 0.04596 | long leg | $209K | $1.3M | 5x | |
| MEXC CHIP_USDT | −0.0096% | 4h | 0.04591 | −0.113% | $1.8M | $1.2M | 50x | as long as short |
| ApeX Omni CHIPUSDT | −0.0069% | 1h | 0.04580 | −0.352% | $14K | $247K | 50x | as long as short |
| BloFin CHIP-USDT | −0.0052% | 4h | 0.04591 | −0.113% | $541K | $67K | 50x | as long as short |
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
Binance CHIPUSDT
MEXC CHIP_USDT
ApeX Omni CHIPUSDT
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0014% | 4h | 0.04595 | −0.026% | $10.7M | $9.0M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0033% | 1h | 0.04599 | +0.052% | $10K | $25K | 10x | as long as short |
| Aster CHIPUSDT | +0.0068% | 4h | 0.04594 | −0.048% | $48K | $229K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04598 | +0.039% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04600 | +0.072% | $14.5M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04595 | −0.028% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04592 | −0.091% | $678K | $903K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04593 | −0.070% | $977K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04595 | −0.026% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04597 | +0.018% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04580 | −0.342% | $843K | $465K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04591 | −0.113% | $920 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +3.488% | $46K | $41K | 50x | as long as short |
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX