Funding you earn now, next payment 11:00 UTC−0.1049%/8h= −114.9% APRpaid last 24h −0.105%
Price spread now: ApeX Omni against KuCoin+0.194%67s7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as 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−$1791.786% of the position
Funding, last 7 days−0.261%−$26 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.194%, 7d avg −0.047%
=The price spread pays, funding is against you. ApeX Omni is 0.242% dearer against KuCoin than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of −0.047%): +$24 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.261% in total) that is about 6.5 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.261% in total (about -13.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CHIPUSDTM | 0.04633 | 0.0100 | pay 0.0050% / 4h | 1h 48m | $950K | $1.2M | 50x |
| Short | ApeX Omni CHIPUSDT | 0.04642 | −0.0949 | pay 0.0119% / 1h | 48m 17s | $16K | $246K | 50x |
KuCoin CHIPUSDTM
ApeX Omni CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against KuCoin. 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
- −$220.32
- Price spread: +0.194% → −0.047%
- $24.16
- Slippage, 4 orders
- −$156.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$374.8
- Costs to cover
- 1.786%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 61 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 KuCoin live order book, 5 min ago | 9.71 bp | 65.6 bp −$66 | 625.9 bp −$6,259 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 61 min ago | 6.39 bp | 14.3 bp −$14 | 127.2 bp −$1,272 | doesn't fit | doesn't fit |
CHIP on 23 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDTshort | −0.0949% | 1h | 0.04642 | +0.194% | $16K | $246K | 50x | |
| Backpack CHIP_USDC_PERP | −0.0822% | 1h | 0.04646 | +0.281% | $25K | $176K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0698% | 1h | 0.04636 | +0.065% | $9K | $2K | 10x | as long as short |
| Phoenix CHIP | −0.0343% | 1h | 0.04625 | −0.173% | $3K | $130K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0146% | 1h | 0.04646 | +0.290% | $90 | $34K | 5x | as long as short |
| Nado CHIP-PERP | −0.0144% | 1h | 0.04630 | −0.076% | $234K | $17K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0129% | 4h | 0.04633 | 0.000% | $2.1M | $8.3M | 20x | as long as short |
| Bybit CHIPUSDT | −0.0037% | 4h | 0.04637 | +0.086% | $10.4M | $8.3M | 20x | as long as short |
| BloFin CHIP-USDT | +0.0085% | 4h | 0.04639 | +0.130% | $565K | $111K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04644 | +0.237% | $97K | $89K | 3x | as long as short |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUAL
Phoenix CHIP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Bybit CHIPUSDT
BloFin CHIP-USDT
Lighter CHIPShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04637 | +0.093% | $13.9M | $5.4M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04633 | −0.009% | $47K | $261K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04642 | +0.196% | $15K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04632 | −0.022% | $13.8M | $24.6M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04634 | +0.022% | $709K | $785K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04630 | −0.065% | $1.9M | $977K | 50x | as long as short |
| KuCoin CHIPUSDTMlong | +0.0100% | 4h | 0.04633 | long leg | $950K | $1.2M | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04633 | 0.000% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04635 | +0.043% | — | $1.8M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04643 | +0.212% | $859K | $502K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04632 | −0.022% | $564 | $888K | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04632 | −0.022% | $209K | $1.6M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.1616% | 1h | 0.04655 | +0.486% | $50K | $55K | 50x | as long as short |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Coinbase International CHIP-PERP-INTX