Funding you earn now, next payment 04:00 UTC+0.0277%/8h= +30.3% APRnext payment +$1.39 per $10,000 · paid last 24h +0.007%
Price spread now: Gate against OKX−0.042%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1211.215% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.042%, 7d avg +0.060%
=Funding pays, the price is against you. Gate is 0.102% cheaper against OKX than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.060%). If the spread goes back, that is −$10 on $10k: about 29 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.083% in total) that is about 8.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.39 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 | 0.04802 | −0.0177 | get 0.0089% / 4h | 1h 35m | $2.0M | $9.6M | 20x |
| Short | Gate CHIP_USDT | 0.04800 | 0.0100 | get 0.0050% / 4h | 1h 35m | $708K | $946K | 50x |
OKX CHIP-USDT-SWAP
Gate CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $58.2
- Price spread: −0.042% → +0.060%
- −$10.19
- Slippage, 4 orders
- −$96.45
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$73.44
- Costs to cover
- 1.215%
- Break-even
- 15.8 days
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 27 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, 3 min ago | 2.10 bp | 20.6 bp −$21 | 306.8 bp −$3,068 | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 3.16 bp | 36.9 bp −$37 | 251.9 bp −$2,519 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1074% | 1h | 0.04804 | +0.042% | $28K | $235K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0393% | 1h | 0.04760 | −0.875% | $17K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0392% | 4h | 0.04803 | +0.021% | $11.1M | $8.9M | 20x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04761 | −0.854% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0177% | 4h | 0.04802 | long leg | $2.0M | $9.6M | 20x | |
| Aster CHIPUSDT | +0.0003% | 4h | 0.04791 | −0.223% | $46K | $266K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04802 | 0.000% | $89K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04816 | +0.292% | $15.1M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04780 | −0.458% | $14K | $689 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04798 | −0.081% | $14.5M | $26.3M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CHIP_USDTshort | +0.0100% | 4h | 0.04800 | −0.042% | $708K | $946K | 50x | |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04802 | 0.000% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04798 | −0.083% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04804 | +0.042% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04804 | +0.042% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04784 | −0.373% | $849K | $528K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04800 | −0.042% | $940 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04802 | +0.004% | $218K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0107% | 4h | 0.04806 | +0.083% | $574K | $63K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0336% | 1h | 0.04766 | −0.747% | $141 | $38K | 5x | as long as short |
| Nado CHIP-PERP | +0.0503% | 1h | 0.04788 | −0.302% | $241K | $19K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0831% | 1h | 0.04814 | +0.258% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04806 | +0.083% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX