Funding you earn now, next payment 23:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.079%
Price spread now: BingX against Phoenix−0.064%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$930.925% of the position
Funding, last 7 days+0.549%+$55 on $10k
+Price spread, last 3 days (all we have)+0.065%+$7 · spread now −0.064%, 7d avg +0.026%
=Funding pays, the price is against you. BingX is 0.090% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.026%). If the spread goes back, that is −$9 on $10k: about 26 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04660 | −0.0173 | get 0.0022% / 1h | 1m 07s | $3K | $140K | 5x |
| Short | BingX CHIP-USDT | 0.04657 | 0.0100 | get 0.0050% / 4h | 1m 07s | — | $1.9M | — |
Phoenix CHIP
BingX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $57.43
- Price spread: −0.064% → +0.026%
- −$9.01
- Slippage, 4 orders
- −$75.51
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$44.08
- Costs to cover
- 0.925%
- Break-even
- 12.4 days
Slippage from Phoenix: live order book, 4 min ago; BingX: live order book, 6 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, 4 min ago | 4.30 bp | 26.2 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 4.30 bp | 22.9 bp −$23 | 68.9 bp −$689 | 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 | −0.1173% | 1h | 0.04660 | 0.000% | $15K | $236K | 5x | as long as short |
| Phoenix CHIPlong | −0.0173% | 1h | 0.04660 | long leg | $3K | $140K | 5x | |
| ApeX Omni CHIPUSDT | −0.0074% | 1h | 0.04654 | −0.129% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0034% | 4h | 0.04655 | −0.107% | $1.9M | $9.2M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04663 | +0.062% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0046% | 4h | 0.04660 | 0.000% | $549K | $66K | 50x | as long as short |
| Bybit CHIPUSDT | +0.0093% | 4h | 0.04661 | +0.021% | $10.9M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04662 | +0.043% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04673 | +0.288% | $14.7M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04660 | −0.003% | $47K | $241K | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04660 | 0.000% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04658 | −0.043% | $14.0M | $26.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04656 | −0.086% | $688K | $914K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04657 | −0.064% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04657 | −0.064% | $983K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04658 | −0.043% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDTshort | +0.0100% | 4h | 0.04657 | −0.064% | — | $1.9M | — | |
| Variational Omni CHIP | +0.0100% | 4h | 0.04659 | −0.013% | $873K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04657 | −0.064% | $979 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04657 | −0.073% | $211K | $1.3M | 5x | as long as short |
| Nado CHIP-PERP | +0.0108% | 1h | 0.04656 | −0.075% | $233K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0307% | 1h | 0.04660 | −0.010% | $140 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04715 | +1.185% | $45K | $40K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX