Funding you earn now, next payment 01:00 UTC−0.0272%/8h= −29.7% APRpaid last 24h −0.079%
Price spread now: Phoenix against MEXC−0.568%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$790.792% of the position
Funding, last 7 days−0.537%−$54 on $10k
+Price spread, last 4 days (all we have)+0.753%+$75 · spread now −0.568%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.566% cheaper against MEXC than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CHIP_USDT | 0.04752 | 0.0100 | pay 0.0050% / 4h | 2h 03m | $1.8M | $1.2M | 50x |
| Short | Phoenix CHIP | 0.04725 | −0.0172 | pay 0.0021% / 1h | 3m 12s | $3K | $129K | 5x |
MEXC CHIP_USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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
- −$57.04
- Price spread: −0.568% → −0.002%
- −$56.63
- Slippage, 4 orders
- −$72.17
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$192.84
- Costs to cover
- 0.792%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Phoenix: live order book, 58 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 MEXC live order book, 3 min ago | 1.05 bp | 14.7 bp −$15 | 91.3 bp −$913 | 229.0 bp −$22.9K | 622.4 bp −$311.2K |
| Sell Phoenix live order book, 58 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | 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 | −0.1510% | 1h | 0.04755 | +0.063% | $14K | $221K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0180% | 1h | 0.04717 | −0.737% | $16K | $244K | 50x | as long as short |
| Phoenix CHIPshort | −0.0172% | 1h | 0.04725 | −0.568% | $3K | $129K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0102% | 4h | 0.04750 | −0.042% | $2.0M | $9.4M | 20x | as long as short |
| Nado CHIP-PERP | −0.0098% | 1h | 0.04750 | −0.042% | $240K | $19K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0074% | 4h | 0.04756 | +0.084% | $11.1M | $8.7M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04761 | +0.181% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | +0.0083% | 4h | 0.04755 | +0.063% | $39K | $263K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04757 | +0.105% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04766 | +0.286% | $15.0M | $6.1M | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04752 | 0.000% | $14K | $688 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04751 | −0.022% | $14.4M | $26.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04756 | +0.084% | $703K | $969K | 50x | as long as short |
| MEXC CHIP_USDTlong | +0.0100% | 4h | 0.04752 | long leg | $1.8M | $1.2M | 50x | |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04754 | +0.042% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04752 | 0.000% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04752 | 0.000% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04750 | −0.039% | $901K | $467K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04744 | −0.168% | $605 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04750 | −0.035% | $217K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0403% | 1h | 0.04746 | −0.129% | $72 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04767 | +0.309% | $46K | $41K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX