Funding you earn now, next payment 07:00 UTC−0.0247%/8h= −27.0% APRpaid last 24h −0.090%
Price spread now: Phoenix against KuCoin−0.230%78s7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as 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−$1551.547% of the position
Funding, last 7 days−0.353%−$35 on $10k
+Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.230%, 7d avg −0.053%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phoenix is 0.177% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.053%). Swap the legs. The two prices were read 78 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 | KuCoin CHIPUSDTM | 0.04774 | −0.0088 | get 0.0044% / 4h | 18m 12s | $1.0M | $1.1M | 50x |
| Short | Phoenix CHIP | 0.04763 | −0.0335 | pay 0.0042% / 1h | 18m 12s | $3K | $125K | 5x |
KuCoin CHIPUSDTM
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$51.78
- Price spread: −0.230% → −0.053%
- −$17.74
- Slippage, 4 orders
- −$135.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$224.26
- Costs to cover
- 1.547%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Phoenix: live order book, 12 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, 7 min ago | 8.42 bp | 74.3 bp −$74 | 701.0 bp −$7,010 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 min ago | 4.21 bp | 25.8 bp −$26 | 70.7 bp −$707 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIPshort | −0.0335% | 1h | 0.04763 | −0.230% | $3K | $125K | 5x | |
| ApeX Omni CHIPUSDT | −0.0332% | 1h | 0.04763 | −0.230% | $17K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0231% | 4h | 0.04776 | +0.042% | $10.9M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0160% | 4h | 0.04771 | −0.063% | $2.2M | $9.6M | 20x | as long as short |
| KuCoin CHIPUSDTMlong | −0.0088% | 4h | 0.04774 | long leg | $1.0M | $1.1M | 50x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0043% | 1h | 0.04775 | +0.025% | $10K | $23K | 10x | as long as short |
| Nado CHIP-PERP | +0.0001% | 1h | 0.04771 | −0.063% | $241K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0055% | 1h | 0.04769 | −0.111% | $87 | $36K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04775 | +0.021% | $99K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04780 | +0.128% | $14.8M | $5.9M | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04770 | −0.088% | $49K | $275K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04773 | −0.015% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04769 | −0.104% | $14.3M | $26.9M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04774 | 0.000% | $679K | $977K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04771 | −0.063% | $1.9M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04774 | 0.000% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04772 | −0.042% | — | $1.9M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04776 | +0.042% | $27K | $213K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04767 | −0.154% | $919K | $472K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04768 | −0.126% | $781 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04770 | −0.078% | $219K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0104% | 4h | 0.04761 | −0.272% | $574K | $100K | 50x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0920% | 1h | 0.04839 | +1.368% | $46K | $37K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Coinbase International CHIP-PERP-INTX