Funding you earn now, next payment 04:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.57 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against KuCoin−0.147%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1661.661% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days+0.196%+$20 · spread now −0.147%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.130% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin CHIPUSDTM | 0.04759 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $993K | $1.1M | 50x |
| Short | OKX CHIP-USDT-SWAP | 0.04752 | −0.0013 | pay 0.0007% / 4h | 2h 19m | $2.0M | $9.4M | 20x |
KuCoin CHIPUSDTM
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$23.8
- Price spread: −0.147% → −0.017%
- −$13.03
- Slippage, 4 orders
- −$144.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$202.88
- Costs to cover
- 1.661%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; OKX: live order book, 4 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, 1 min ago | 9.49 bp | 72.3 bp −$72 | 680.4 bp −$6,804 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.07 bp | 24.9 bp −$25 | 182.2 bp −$1,822 | doesn't fit | doesn't fit |
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 | −0.1238% | 1h | 0.04750 | −0.189% | $16K | $221K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04712 | −0.988% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0166% | 1h | 0.04713 | −0.967% | $16K | $244K | 50x | as long as short |
| Nado CHIP-PERP | −0.0031% | 1h | 0.04738 | −0.431% | $239K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0013% | 4h | 0.04752 | −0.147% | $2.0M | $9.4M | 20x | |
| Lighter CHIP | +0.0096% | 1h | 0.04755 | −0.084% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04764 | +0.097% | $15.0M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04760 | +0.030% | $37K | $256K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04745 | −0.290% | $14K | $604 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04755 | −0.084% | $14.3M | $26.0M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04755 | −0.084% | $11.1M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04758 | −0.021% | $701K | $955K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04753 | −0.126% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTMlong | +0.0100% | 4h | 0.04759 | long leg | $993K | $1.1M | 50x | |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04758 | −0.021% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04749 | −0.210% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04714 | −0.943% | $892K | $464K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04755 | −0.084% | $788 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04749 | −0.216% | $217K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0425% | 1h | 0.04696 | −1.321% | $94 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04761 | +0.032% | $46K | $41K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.1094% | 1h | 0.04770 | +0.240% | $10K | $24K | 10x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUAL