Funding you earn now, next payment 22:00 UTC+0.0857%/8h= +93.8% APRnext payment +$1.07 per $10,000 · paid last 24h +0.059%
Price spread now: Lighter against ApeX Omni−0.153%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.153%, 7d avg +0.020%
=Together, before fees+0.527%+ Points / potential airdropLighter: Season 3 · farm board+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.172% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of +0.020%). If the spread goes back, that is −$17 on $10k: about 16 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.370% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.370% in total (about 19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.07 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 | ApeX Omni CHIPUSDT | 0.04583 | −0.0761 | get 0.0095% / 1h | 45m 32s | $14K | $248K | 50x |
| Short | Lighter CHIP | 0.04576 | 0.0096 | get 0.0012% / 1h | 45m 32s | $85K | $110K | 3x |
ApeX Omni CHIPUSDT
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX 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
- $179.91
- Price spread: −0.153% → +0.020%
- −$17.23
- Slippage, 4 orders
- −$73.9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $78.78
- Costs to cover
- 0.839%
- Break-even
- 3.9 days
Slippage from ApeX Omni: live order book, 41 min ago; Lighter: live order book, 36 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 ApeX Omni live order book, 41 min ago | 8.58 bp | 15.7 bp −$16 | 132.5 bp −$1,325 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 36 min ago | 11.77 bp | 27.2 bp −$27 | 128.1 bp −$1,281 | 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 | −0.2112% | 1h | 0.04575 | −0.175% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDTlong | −0.0761% | 1h | 0.04583 | long leg | $14K | $248K | 50x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0623% | 1h | 0.04579 | −0.087% | $10K | $24K | 10x | as long as short |
| Bybit CHIPUSDT | −0.0459% | 4h | 0.04577 | −0.131% | $10.7M | $8.9M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0193% | 4h | 0.04576 | −0.153% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0183% | 1h | 0.04573 | −0.218% | $229K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04583 | 0.000% | $3K | $143K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0142% | 4h | 0.04576 | −0.153% | $548K | $66K | 50x | as long as short |
| Binance CHIPUSDT | −0.0089% | 4h | 0.04574 | −0.196% | $13.8M | $25.6M | 50x | as long as short |
| Extended CHIP-USD | −0.0088% | 1h | 0.04573 | −0.228% | $209K | $1.3M | 5x | as long as short |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
BloFin CHIP-USDT
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 | −0.0084% | 4h | 0.04572 | −0.240% | $1.8M | $1.2M | 50x | as long as short |
| Aster CHIPUSDT | −0.0071% | 4h | 0.04581 | −0.049% | $41K | $226K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0051% | 1h | 0.04593 | +0.213% | $85 | $39K | 5x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04576 | −0.153% | $85K | $110K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04582 | −0.024% | $14.7M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04575 | −0.183% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04582 | −0.022% | $688K | $898K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04575 | −0.175% | $987K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04577 | −0.131% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04571 | −0.262% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04582 | −0.032% | $834K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04572 | −0.240% | $619 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.786% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
Aster CHIPUSDT
Aftermath Perps CHIPUSD
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX