Funding you earn now, next payment 03:00 UTC+0.0610%/8h= +66.8% APRpaid last 24h +0.082%
Price spread now: SunX against Phoenix+0.257%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$3083.085% of the position
Funding, last 7 days+0.553%+$55 on $10k
+Price spread, last 4 days (all we have)+0.244%+$24 · spread now +0.257%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and SunX is 0.273% dearer against Phoenix than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix CHIP | 0.04664 | −0.0510 | get 0.0064% / 1h | 42m 30s | $3K | $129K | 5x |
| Short | SunX CHIP-USDT | 0.04676 | 0.0100 | get 0.0050% / 4h | 42m 30s | $506 | $1.0M | 10x |
Phoenix CHIP
SunX CHIP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $128.05
- Price spread: +0.257% → −0.015%
- $27.27
- Slippage, 4 orders
- −$293.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$153.18
- Costs to cover
- 3.085%
- Break-even
- 15.4 days
Slippage from Phoenix: live order book, 8 min ago; SunX: live order book, 10 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, 8 min ago | 4.29 bp | 26.2 bp −$26 | 79.1 bp −$791 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 46.97 bp | 130.0 bp −$130 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | −0.0798% | 1h | 0.04671 | +0.144% | $10K | $24K | 10x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0626% | 1h | 0.04672 | +0.172% | $33K | $245K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0593% | 1h | 0.04671 | +0.150% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0547% | 4h | 0.04678 | +0.300% | $10.8M | $9.0M | 20x | as long as short |
| Phoenix CHIPlong | −0.0510% | 1h | 0.04664 | long leg | $3K | $129K | 5x | |
| OKX CHIP-USDT-SWAP | −0.0395% | 4h | 0.04671 | +0.150% | $2.0M | $9.5M | 20x | as long as short |
| Aster CHIPUSDT | −0.0101% | 4h | 0.04668 | +0.086% | $51K | $276K | 5x | as long as short |
| Nado CHIP-PERP | −0.0079% | 1h | 0.04663 | −0.021% | $236K | $20K | 5x | as long as short |
| Binance CHIPUSDT | +0.0071% | 4h | 0.04673 | +0.195% | $14.1M | $26.8M | 50x | as long as short |
| Extended CHIP-USD | +0.0072% | 1h | 0.04663 | −0.026% | $213K | $1.9M | 5x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Nado CHIP-PERP
Binance CHIPUSDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | +0.0072% | 4h | 0.04666 | +0.043% | $1.8M | $1.2M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04666 | +0.043% | $86K | $107K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04671 | +0.144% | $14.5M | $6.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04670 | +0.129% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04673 | +0.193% | $680K | $951K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04665 | +0.021% | $975K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04666 | +0.043% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04673 | +0.193% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04672 | +0.164% | $831K | $529K | — | as long as short |
| SunX CHIP-USDTshort | +0.0100% | 4h | 0.04676 | +0.257% | $506 | $1.0M | 10x | |
| BloFin CHIP-USDT | +0.0113% | 4h | 0.04671 | +0.150% | $569K | $63K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0303% | 1h | 0.04677 | +0.271% | $132 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +4.091% | $47K | $42K | 50x | as long as short |
MEXC CHIP_USDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX