Funding you earn now, next payment 23:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.079%
Price spread now: Phoenix against SunX+0.064%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$359as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$3043.036% of the position
Funding, last 7 days−0.552%−$55 on $10k
+Price spread, last 3 days (all we have)−0.266%−$27 · spread now +0.064%, 7d avg +0.007%
=The price spread pays, funding is against you. Phoenix is 0.057% dearer against SunX than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.007%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX CHIP-USDT | 0.04657 | 0.0100 | pay 0.0050% / 4h | 1m 18s | $979 | $1.1M | 10x |
| Short | Phoenix CHIP | 0.04660 | −0.0173 | pay 0.0022% / 1h | 1m 18s | $3K | $140K | 5x |
SunX CHIP-USDT
Phoenix CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- −$57.43
- Price spread: +0.064% → +0.007%
- $5.72
- Slippage, 4 orders
- −$288.57
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$355.28
- Costs to cover
- 3.036%
- Break-even
- never at this rate
Slippage from SunX: live order book, 1 min ago; Phoenix: 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 SunX live order book, 1 min ago | 21.45 bp | 100.2 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 4.30 bp | 26.2 bp −$26 | 71.3 bp −$713 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1202% | 1h | 0.04658 | +0.021% | $15K | $236K | 5x | as long as short |
| Phoenix CHIPshort | −0.0173% | 1h | 0.04660 | +0.064% | $3K | $140K | 5x | |
| ApeX Omni CHIPUSDT | −0.0074% | 1h | 0.04654 | −0.064% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0034% | 4h | 0.04653 | −0.086% | $1.9M | $9.2M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04663 | +0.127% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0046% | 4h | 0.04660 | +0.064% | $549K | $66K | 50x | as long as short |
| Bybit CHIPUSDT | +0.0093% | 4h | 0.04661 | +0.086% | $10.9M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04661 | +0.086% | $86K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04672 | +0.331% | $14.7M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04660 | +0.061% | $47K | $241K | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04660 | +0.064% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04657 | 0.000% | $14.0M | $26.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04656 | −0.021% | $688K | $914K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04656 | −0.021% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04657 | 0.000% | $983K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04658 | +0.021% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04659 | +0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04659 | +0.051% | $873K | $469K | — | as long as short |
| SunX CHIP-USDTlong | +0.0100% | 4h | 0.04657 | long leg | $979 | $1.1M | 10x | |
| Extended CHIP-USD | +0.0104% | 1h | 0.04657 | −0.009% | $211K | $1.3M | 5x | as long as short |
| Nado CHIP-PERP | +0.0108% | 1h | 0.04656 | −0.011% | $233K | $18K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0307% | 1h | 0.04660 | +0.055% | $140 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04715 | +1.250% | $45K | $40K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
Extended CHIP-USD
Nado CHIP-PERP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX