Funding you earn now, next payment 08:00 UTC−0.0341%/8h= −37.4% APRnext payment −$1.71 per $10,000 · paid last 24h −0.028%
Price spread now: OKX against Gate+0.021%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now +0.021%, 7d avg −0.060%
=The price spread pays, funding is against you. OKX is 0.082% dearer against Gate than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.060%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.093% in total) that is about 6.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.71 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 | Gate CHIP_USDT | 0.04673 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $669K | $960K | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04674 | −0.0241 | pay 0.0121% / 4h | 2h 59m | $2.0M | $9.6M | 20x |
Gate CHIP_USDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- −$71.71
- Price spread: +0.021% → −0.060%
- $8.16
- Slippage, 4 orders
- −$95.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$183.76
- Costs to cover
- 1.202%
- Break-even
- never at this rate
Slippage from Gate: live order book, 52 min ago; OKX: live order book, 3 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 Gate live order book, 52 min ago | 11.68 bp | 35.5 bp −$35 | 262.3 bp −$2,623 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.14 bp | 28.0 bp −$28 | 345.2 bp −$3,452 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | −0.0571% | 4h | 0.04677 | +0.086% | $10.6M | $9.1M | 20x | as long as short |
| Phoenix CHIP | −0.0338% | 1h | 0.04661 | −0.257% | $3K | $137K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0259% | 1h | 0.04661 | −0.257% | $16K | $246K | 50x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0241% | 4h | 0.04674 | +0.021% | $2.0M | $9.6M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0093% | 1h | 0.04669 | −0.077% | $9K | $24K | 10x | as long as short |
| Nado CHIP-PERP | −0.0032% | 1h | 0.04665 | −0.171% | $236K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | +0.0062% | 4h | 0.04667 | −0.128% | $981K | $1.1M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04678 | +0.107% | $96K | $113K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04679 | +0.133% | $14.5M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04682 | +0.187% | $56K | $279K | 5x | as long as short |
Bybit CHIPUSDT
Phoenix CHIP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
KuCoin CHIPUSDTM
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 | 0.04676 | +0.066% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04674 | +0.021% | $14.1M | $27.0M | 50x | as long as short |
| Gate CHIP_USDTlong | +0.0100% | 4h | 0.04673 | long leg | $669K | $960K | 50x | |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04675 | +0.043% | $1.7M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04677 | +0.086% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04674 | +0.021% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04671 | −0.043% | $35K | $230K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04661 | −0.253% | $820K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04663 | −0.214% | $747 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04675 | +0.037% | $215K | $1.0M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0113% | 4h | 0.04662 | −0.235% | $560K | $63K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0239% | 1h | 0.04673 | +0.010% | $68 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04680 | +0.148% | $45K | $37K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX