Funding you earn now, next payment 08:00 UTC+0.0291%/8h= +31.8% APRnext payment +$1.45 per $10,000 · paid last 24h +0.020%
Price spread now: BloFin against OKX+0.251%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$860.859% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.251%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.235% dearer against OKX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.016%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.45 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 | OKX CHIP-USDT-SWAP | 0.04776 | −0.0179 | get 0.0089% / 4h | 1h 02m | $2.1M | $9.7M | 20x |
| Short | BloFin CHIP-USDT | 0.04788 | 0.0112 | get 0.0056% / 4h | 1h 02m | $575K | $100K | 50x |
OKX CHIP-USDT-SWAP
BloFin CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $61.03
- Price spread: +0.251% → +0.016%
- $23.48
- Slippage, 4 orders
- −$63.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1.41
- Costs to cover
- 0.859%
- Break-even
- 7.2 days
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 18 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 OKX live order book, 5 min ago | 3.13 bp | 22.8 bp −$23 | 247.2 bp −$2,472 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 2.08 bp | 17.7 bp −$18 | 64.5 bp −$645 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0331% | 1h | 0.04803 | +0.565% | $17K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0252% | 4h | 0.04782 | +0.126% | $10.9M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0179% | 4h | 0.04776 | long leg | $2.1M | $9.7M | 20x | |
| Nado CHIP-PERP | −0.0173% | 1h | 0.04785 | +0.188% | $242K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04799 | +0.482% | $3K | $128K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0048% | 4h | 0.04781 | +0.105% | $1.0M | $1.1M | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04789 | +0.272% | $10K | $23K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0054% | 1h | 0.04800 | +0.498% | $119 | $36K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0061% | 1h | 0.04784 | +0.168% | $26K | $235K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04790 | +0.293% | $99K | $107K | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
KuCoin CHIPUSDTM
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Backpack CHIP_USDC_PERP
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04789 | +0.266% | $14.8M | $5.9M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04781 | +0.106% | $53K | $275K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04800 | +0.513% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04779 | +0.063% | $14.4M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04786 | +0.209% | $686K | $997K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04778 | +0.042% | $1.8M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04780 | +0.084% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04779 | +0.063% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04807 | +0.652% | $922K | $475K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04786 | +0.209% | $705 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04777 | +0.024% | $219K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDTshort | +0.0112% | 4h | 0.04788 | +0.251% | $575K | $100K | 50x | |
| Coinbase International CHIP-PERP-INTX | +0.0952% | 1h | 0.04839 | +1.325% | $46K | $38K | 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