CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0495%/8h= −54.2% APRnext payment −$2.47 per $10,000 · paid last 24h −0.007%

Price spread now: OKX against SunX−0.107%57s7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2982.979% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now −0.107%, 7d avg +0.017%

Together, before fees−0.372%−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and OKX is 0.124% cheaper against SunX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CHIP-USDT	0.04676	0.0100	pay 0.0050% / 4h	42m 21s	$506	$1.0M	10x
Short	OKX CHIP-USDT-SWAP	0.04671	−0.0395	pay 0.0197% / 4h	42m 21s	$2.0M	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee OKXbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$103.87
Price spread: −0.107% → +0.017%: −$12.37
Slippage, 4 orders: −$279.9
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$414.13
Costs to cover: 2.979%
Break-even: never at this rate

Slippage from SunX: live order book, just now; OKX: 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 SunX live order book, just now	46.14 bp	125.0 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	3.22 bp	27.4 bp −$27	138.8 bp −$1,388	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	−0.113%	$10K	$24K	10x	as long as short
Backpack CHIP_USDC_PERP	−0.0626%	1h	0.04672	−0.086%	$33K	$245K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0593%	1h	0.04671	−0.107%	$16K	$245K	50x	as long as short
Bybit CHIPUSDT	−0.0547%	4h	0.04678	+0.043%	$10.8M	$9.0M	20x	as long as short
Phoenix CHIP	−0.0510%	1h	0.04664	−0.257%	$3K	$129K	5x	as long as short
OKX CHIP-USDT-SWAPshort	−0.0395%	4h	0.04671	−0.107%	$2.0M	$9.5M	20x
Aster CHIPUSDT	−0.0101%	4h	0.04668	−0.171%	$51K	$276K	5x	as long as short
Nado CHIP-PERP	−0.0079%	1h	0.04663	−0.278%	$236K	$20K	5x	as long as short
Binance CHIPUSDT	+0.0071%	4h	0.04673	−0.062%	$14.1M	$26.8M	50x	as long as short
Extended CHIP-USD	+0.0072%	1h	0.04663	−0.282%	$213K	$1.9M	5x	as long as short

Show 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	−0.214%	$1.8M	$1.2M	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04666	−0.214%	$86K	$107K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04671	−0.113%	$14.5M	$6.3M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04670	−0.128%	$16K	$3K	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04673	−0.064%	$680K	$951K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04665	−0.235%	$975K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04666	−0.214%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04673	−0.064%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04672	−0.093%	$831K	$529K	—	as long as short
SunX CHIP-USDTlong	+0.0100%	4h	0.04676	long leg	$506	$1.0M	10x
BloFin CHIP-USDT	+0.0113%	4h	0.04671	−0.107%	$569K	$63K	50x	as long as short
Aftermath Perps CHIPUSD	+0.0303%	1h	0.04677	+0.014%	$132	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0736%	1h	0.04855	+3.824%	$47K	$42K	50x	as long as short