Funding you earn now, next payment 21:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.070%
Price spread now: Binance against Phoenix+0.305%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days+0.533%+$53 on $10k
+Price spread, last 3 days (all we have)−0.222%−$22 · spread now +0.305%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.300% dearer against Phoenix than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04595 | −0.0173 | get 0.0022% / 1h | 27m 16s | $3K | $143K | 5x |
| Short | Binance CHIPUSDT | 0.04609 | −0.0115 | pay 0.0057% / 4h | 2h 27m | $13.9M | $25.7M | 50x |
Phoenix CHIP
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $12.24
- Price spread: +0.305% → +0.005%
- $29.96
- Slippage, 4 orders
- −$66.93
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$41.73
- Costs to cover
- 0.839%
- Break-even
- 30.9 days
Slippage from Phoenix: live order book, 55 min ago; Binance: live order book, 14 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, 55 min ago | 4.28 bp | 26.1 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.09 bp | 15.3 bp −$15 | 68.3 bp −$683 | 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 | −0.1241% | 1h | 0.04613 | +0.392% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0663% | 1h | 0.04590 | −0.109% | $14K | $249K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0291% | 1h | 0.04615 | +0.431% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0255% | 4h | 0.04615 | +0.435% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0185% | 1h | 0.04612 | +0.370% | $231K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0184% | 4h | 0.04614 | +0.413% | $1.9M | $9.2M | 20x | as long as short |
| Phoenix CHIPlong | −0.0173% | 1h | 0.04595 | long leg | $3K | $143K | 5x | |
| BloFin CHIP-USDT | −0.0163% | 4h | 0.04608 | +0.283% | $543K | $66K | 50x | as long as short |
| MEXC CHIP_USDT | −0.0116% | 4h | 0.04608 | +0.283% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDTshort | −0.0115% | 4h | 0.04609 | +0.305% | $13.9M | $25.7M | 50x |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | −0.0112% | 1h | 0.04611 | +0.358% | $210K | $1.3M | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0070% | 1h | 0.04598 | +0.056% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0038% | 4h | 0.04614 | +0.423% | $43K | $225K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04614 | +0.413% | $86K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04620 | +0.551% | $14.8M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04613 | +0.392% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04607 | +0.261% | $692K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04609 | +0.305% | $985K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04613 | +0.392% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04613 | +0.392% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04597 | +0.050% | $837K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04607 | +0.261% | $699 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.515% | $46K | $41K | 50x | as long as short |
Extended CHIP-USD
Aftermath Perps CHIPUSD
Aster CHIPUSDT
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