Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.132%
Price spread now: Deribit against Phoenix+0.019%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04814 | −0.0167 | get 0.0021% / 1h | 52m 47s | $3K | $122K | 5x |
| Short | Deribit CHIP_USDC-PERPETUAL | 0.04815 | −0.0165 | pay 0.0021% / 1h | 52m 47s | $10K | $23K | 10x |
Phoenix CHIP
Deribit CHIP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $0.35
- Price spread: +0.019% → 0.000%
- $1.87
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$11.78
- Costs to cover
- 0.140%
- Break-even
- 241.4 days
Slippage unknown: Phoenix: live order book, 38 min ago; Deribit: no order-book sample. Net counts fees only.
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, 38 min ago | 4.21 bp | 25.8 bp −$26 | 79.0 bp −$790 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIPlong | −0.0167% | 1h | 0.04814 | long leg | $3K | $122K | 5x | |
| Deribit CHIP_USDC-PERPETUALshort | −0.0165% | 1h | 0.04815 | +0.019% | $10K | $23K | 10x | |
| OKX CHIP-USDT-SWAP | −0.0053% | 4h | 0.04811 | −0.062% | $2.2M | $9.6M | 20x | as long as short |
| KuCoin CHIPUSDTM | −0.0038% | 4h | 0.04813 | −0.021% | $1.0M | $1.1M | 50x | as long as short |
| Bybit CHIPUSDT | −0.0030% | 4h | 0.04813 | −0.021% | $11.0M | $9.0M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0027% | 1h | 0.04808 | −0.116% | $235 | $35K | 5x | as long as short |
| Gate CHIP_USDT | +0.0008% | 4h | 0.04815 | +0.021% | $720K | $1.0M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0060% | 4h | 0.04821 | +0.145% | $576K | $117K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04816 | +0.042% | $100K | $106K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04822 | +0.170% | $14.9M | $5.9M | 3x | as long as short |
OKX CHIP-USDT-SWAP
KuCoin CHIPUSDTM
Bybit CHIPUSDT
Aftermath Perps CHIPUSD
Gate CHIP_USDT
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0100% | 4h | 0.04815 | +0.021% | $49K | $274K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04820 | +0.127% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04811 | −0.062% | $14.4M | $26.8M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04810 | −0.083% | $1.9M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04814 | 0.000% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04812 | −0.042% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04801 | −0.266% | $927K | $472K | — | as long as short |
| ApeX Omni CHIPUSDT | +0.0100% | 1h | 0.04814 | 0.000% | $17K | $246K | 50x | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04816 | +0.042% | $558 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04809 | −0.098% | $219K | $1.8M | 5x | as long as short |
| Nado CHIP-PERP | +0.0203% | 1h | 0.04820 | +0.114% | $244K | $18K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0489% | 1h | 0.04816 | +0.042% | $26K | $211K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0896% | 1h | 0.04837 | +0.484% | $46K | $37K | 50x | as long as short |
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
ApeX Omni CHIPUSDT
SunX CHIP-USDT
Extended CHIP-USD
Nado CHIP-PERP
Backpack CHIP_USDC_PERP
Coinbase International CHIP-PERP-INTX