Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.051%
Price spread now: Extended against Phoenix−0.558%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.524%+$52 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Extended is 0.558% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.558% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 18 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.524% in total) that is about 7.4 days. The two prices were read 108 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 | 0.04590 | 0 | get 0.0000% / 1h | 5m 28s | $2K | $70K | 5x |
| Short | Extended CHIP-USD | 0.04564 | 0.0104 | get 0.0013% / 1h | 5m 28s | $208K | $1.1M | 5x |
Phoenix CHIP
Extended CHIP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $21.84
- Price spread: −0.558% → 0.000%
- −$55.81
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$45.97
- Costs to cover
- 0.120%
- Break-even
- 21.7 days
Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 1 min ago. 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 no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 1 min ago | 2.96 bp | 34.7 bp −$35 | 295.1 bp −$2,951 | doesn't fit | doesn't fit |
Phoenix: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CHIP-USDT-SWAP | −0.0252% | 4h | 0.04562 | −0.610% | $2.2M | $5.2M | 20x | as long as short |
| Bybit CHIPUSDT | −0.0229% | 4h | 0.04568 | −0.479% | $9.7M | $5.7M | 20x | as long as short |
| Phoenix CHIPlong | 0.0000% | 1h | 0.04590 | long leg | $2K | $70K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04576 | −0.312% | $9K | $387 | 10x | as long as short |
| BloFin CHIP-USDT | +0.0051% | 4h | 0.04576 | −0.305% | $588K | $89K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04577 | −0.283% | $98K | $57K | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04568 | −0.479% | $33K | $78K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04576 | −0.303% | $15K | $843 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04563 | −0.578% | $13.7M | $12.8M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04576 | −0.305% | $758K | $701K | 50x | as long as short |
OKX CHIP-USDT-SWAP
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Lighter CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04571 | −0.414% | $2.0M | $657K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04578 | −0.261% | $868K | $2.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04566 | −0.523% | $1.9M | $2.6M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04572 | −0.392% | — | $1.7M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04597 | +0.150% | $846K | $379K | — | as long as short |
| ApeX Omni CHIPUSDT | +0.0100% | 1h | 0.04584 | −0.131% | $31K | $239K | 50x | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04572 | −0.392% | $882 | $558K | 10x | as long as short |
| Extended CHIP-USDshort | +0.0104% | 1h | 0.04564 | −0.558% | $208K | $1.1M | 5x | |
| Nado CHIP-PERP | +0.0196% | 1h | 0.04571 | −0.403% | $232K | $2K | 5x | as long as short |
| Hyperliquid CHIP | +0.0204% | 1h | 0.04587 | −0.070% | $13.4M | $2.2M | 3x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0337% | 1h | 0.04572 | −0.392% | $15K | $224K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0732% | 1h | 0.04585 | −0.102% | $148 | $34K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.1256% | 1h | 0.04616 | +0.569% | $36K | $49K | 50x | as long as short |
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
ApeX Omni CHIPUSDT
SunX CHIP-USDT
Nado CHIP-PERP
Hyperliquid CHIP
Backpack CHIP_USDC_PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX