Funding you earn now, next payment 21:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.072%
Price spread now: Aster against Phoenix+0.349%85s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.010% of the position
Funding, last 5 days (all we have)+0.381%+$38 on $10k
+Price spread, last 3 days (all we have)−0.361%−$36 · spread now +0.349%, 7d avg +0.054%
=Together, before fees+0.020%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.295% dearer against Phoenix than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.054%. The two prices were read 85 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 | Phoenix CHIP | 0.04578 | −0.0173 | get 0.0022% / 1h | 34m 07s | $3K | $143K | 5x |
| Short | Aster CHIPUSDT | 0.04594 | −0.0056 | pay 0.0028% / 4h | 2h 34m | $43K | $229K | 5x |
Phoenix CHIP
Aster CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- $24.5
- Price spread: +0.349% → +0.054%
- $29.48
- Slippage, 4 orders
- −$86.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$47.05
- Costs to cover
- 1.010%
- Break-even
- 20.4 days
Slippage from Phoenix: live order book, 48 min ago; Aster: live order book, 52 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 Phoenix live order book, 48 min ago | 4.28 bp | 26.1 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Aster live order book, 52 min ago | 7.51 bp | 29.6 bp −$30 | doesn't fit | 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 | −0.1697% | 1h | 0.04590 | +0.262% | $16K | $233K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0721% | 1h | 0.04577 | −0.022% | $14K | $249K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0386% | 4h | 0.04594 | +0.349% | $10.7M | $8.9M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0197% | 4h | 0.04591 | +0.284% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0190% | 1h | 0.04587 | +0.197% | $230K | $18K | 5x | as long as short |
| Phoenix CHIPlong | −0.0173% | 1h | 0.04578 | long leg | $3K | $143K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0163% | 1h | 0.04594 | +0.360% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | −0.0117% | 4h | 0.04579 | +0.022% | $543K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0112% | 1h | 0.04588 | +0.218% | $208K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0112% | 4h | 0.04589 | +0.240% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | −0.0112% | 4h | 0.04589 | +0.244% | $13.8M | $25.7M | 50x | as long as short |
| Aster CHIPUSDTshort | −0.0056% | 4h | 0.04594 | +0.349% | $43K | $229K | 5x | |
| Aftermath Perps CHIPUSD | −0.0013% | 1h | 0.04581 | +0.071% | $130 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04590 | +0.262% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04597 | +0.415% | $14.8M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04588 | +0.227% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04589 | +0.240% | $689K | $898K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04589 | +0.240% | $983K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04592 | +0.306% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04589 | +0.240% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04575 | −0.058% | $834K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04586 | +0.175% | $670 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.899% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX