Funding you earn now, next payment 22:00 UTC−0.2258%/8h= −247.3% APRpaid last 24h −0.050%
Price spread now: Backpack against Variational Omni−0.757%7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.323%−$32 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.757%, 7d avg −0.018%
=Together, before fees−0.290%+ Points / potential airdropVariational Omni: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$68 a day on $10k at the current rate, and Backpack is 0.738% cheaper against Variational Omni than usual: you would sell low and buy high (−$74 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.323% in total (about -36.7% a year). A funding rate is set anew for every payment. 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 | Variational Omni CHIP | 0.04622 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $842K | $463K | — |
| Short | Backpack CHIP_USDC_PERP | 0.04587 | −0.2158 | pay 0.0270% / 1h | 54m 05s | $16K | $234K | 5x |
Variational Omni CHIP
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- −$474.23
- Price spread: −0.757% → −0.018%
- −$73.84
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$558.07
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Backpack: live order book, 34 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 Variational Omni RFQ quote, 35 min ago | 5.33 bp | doesn't fit | 122.6 bp −$1,226 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 34 min ago | 3.21 bp | 10.9 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERPshort | −0.2158% | 1h | 0.04587 | −0.757% | $16K | $234K | 5x | |
| ApeX Omni CHIPUSDT | −0.1119% | 1h | 0.04620 | −0.043% | $14K | $249K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0459% | 4h | 0.04592 | −0.649% | $10.7M | $8.9M | 20x | as long as short |
| Phoenix CHIP | −0.0338% | 1h | 0.04621 | −0.021% | $3K | $143K | 5x | as long as short |
| Nado CHIP-PERP | −0.0217% | 1h | 0.04586 | −0.778% | $230K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0153% | 4h | 0.04587 | −0.757% | $1.9M | $9.1M | 20x | as long as short |
| Aster CHIPUSDT | −0.0080% | 4h | 0.04592 | −0.641% | $41K | $226K | 5x | as long as short |
| Extended CHIP-USD | −0.0080% | 1h | 0.04587 | −0.756% | $209K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0077% | 4h | 0.04586 | −0.778% | $13.9M | $25.6M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0068% | 4h | 0.04586 | −0.778% | $1.8M | $1.2M | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Extended CHIP-USD
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | −0.0022% | 4h | 0.04592 | −0.649% | $496K | $69K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0076% | 1h | 0.04621 | −0.021% | $85 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04590 | −0.692% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04595 | −0.590% | $14.8M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04593 | −0.636% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04594 | −0.605% | $700K | $891K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04585 | −0.800% | $981K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04589 | −0.713% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04588 | −0.735% | — | $1.9M | — | as long as short |
| Variational Omni CHIPlong | +0.0100% | 4h | 0.04622 | long leg | $842K | $463K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04585 | −0.800% | $828 | $1.0M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0708% | 1h | 0.04600 | −0.484% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +2.911% | $46K | $41K | 50x | as long as short |
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
SunX CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX