Funding you earn now, next payment 01:00 UTC+0.0272%/8h= +29.7% APRpaid last 24h +0.079%
Price spread now: MEXC against Phoenix+0.529%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$790.792% of the position
Funding, last 7 days+0.537%+$54 on $10k
+Price spread, last 4 days (all we have)−0.714%−$71 · spread now +0.529%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.527% dearer against Phoenix than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04725 | −0.0172 | get 0.0021% / 1h | 2m 47s | $3K | $129K | 5x |
| Short | MEXC CHIP_USDT | 0.04750 | 0.0100 | get 0.0050% / 4h | 2h 02m | $1.8M | $1.2M | 50x |
Phoenix CHIP
MEXC CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $57.04
- Price spread: +0.529% → +0.002%
- $52.72
- Slippage, 4 orders
- −$72.17
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $30.58
- Costs to cover
- 0.792%
- Break-even
- 3.2 days
Slippage from Phoenix: live order book, 58 min ago; MEXC: live order book, 4 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, 58 min ago | 4.30 bp | 26.2 bp −$26 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.05 bp | 12.1 bp −$12 | 86.2 bp −$862 | 227.8 bp −$22.8K | 616.2 bp −$308.1K |
CHIP on 22 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 | −0.1510% | 1h | 0.04755 | +0.635% | $14K | $221K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0180% | 1h | 0.04717 | −0.169% | $16K | $244K | 50x | as long as short |
| Phoenix CHIPlong | −0.0172% | 1h | 0.04725 | long leg | $3K | $129K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0102% | 4h | 0.04753 | +0.593% | $2.0M | $9.4M | 20x | as long as short |
| Nado CHIP-PERP | −0.0098% | 1h | 0.04750 | +0.529% | $240K | $19K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0074% | 4h | 0.04757 | +0.677% | $11.1M | $8.7M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04761 | +0.753% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | +0.0083% | 4h | 0.04755 | +0.635% | $39K | $263K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04757 | +0.677% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04768 | +0.908% | $15.0M | $6.1M | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04752 | +0.571% | $14K | $688 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04753 | +0.593% | $14.4M | $26.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04754 | +0.614% | $702K | $969K | 50x | as long as short |
| MEXC CHIP_USDTshort | +0.0100% | 4h | 0.04750 | +0.529% | $1.8M | $1.2M | 50x | |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04755 | +0.635% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04753 | +0.593% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04754 | +0.614% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04750 | +0.533% | $901K | $467K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04744 | +0.402% | $605 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04750 | +0.525% | $217K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0403% | 1h | 0.04746 | +0.442% | $72 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04767 | +0.883% | $46K | $41K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX