Funding you earn now, next payment 23:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.001%
Price spread now: Lighter against Binance+0.087%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$810.808% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.087%, 7d avg +0.033%
=Together, before fees−0.038%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.054% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.033%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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 | Binance CHIPUSDT | 0.04575 | −0.0126 | get 0.0063% / 4h | 1h 55m | $13.8M | $26.0M | 50x |
| Short | Lighter CHIP | 0.04579 | 0.0096 | get 0.0012% / 1h | 55m 11s | $85K | $109K | 3x |
Binance CHIPUSDT
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $46.64
- Price spread: +0.087% → +0.033%
- $5.41
- Slippage, 4 orders
- −$70.79
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$28.74
- Costs to cover
- 0.808%
- Break-even
- 11.3 days
Slippage from Binance: live order book, 1 min ago; Lighter: live order book, 18 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 Binance live order book, 1 min ago | 1.10 bp | 15.3 bp −$15 | 63.2 bp −$632 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 18 min ago | 11.99 bp | 15.2 bp −$15 | 115.1 bp −$1,151 | 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 | −0.0864% | 1h | 0.04577 | +0.044% | $16K | $234K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0253% | 4h | 0.04580 | +0.109% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0236% | 1h | 0.04576 | +0.022% | $229K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04548 | −0.590% | $3K | $143K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0172% | 4h | 0.04579 | +0.087% | $10.7M | $9.0M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0168% | 1h | 0.04562 | −0.275% | $109 | $39K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0168% | 4h | 0.04570 | −0.109% | $545K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0128% | 1h | 0.04576 | +0.028% | $207K | $1.3M | 5x | as long as short |
| Binance CHIPUSDTlong | −0.0126% | 4h | 0.04575 | long leg | $13.8M | $26.0M | 50x | |
| MEXC CHIP_USDT | −0.0126% | 4h | 0.04575 | 0.000% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
Bybit CHIPUSDT
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | +0.0010% | 4h | 0.04579 | +0.096% | $47K | $229K | 5x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04579 | +0.087% | $85K | $109K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04584 | +0.186% | $14.5M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04575 | +0.004% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04576 | +0.022% | $678K | $901K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04575 | 0.000% | $978K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04578 | +0.066% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04578 | +0.066% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04571 | −0.085% | $840K | $472K | — | as long as short |
| ApeX Omni CHIPUSDT | +0.0100% | 1h | 0.04562 | −0.284% | $14K | $249K | 50x | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04572 | −0.066% | $1K | $1.1M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0121% | 1h | 0.04584 | +0.205% | $10K | $25K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +3.967% | $46K | $41K | 50x | as long as short |
Aster CHIPUSDT
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
ApeX Omni CHIPUSDT
SunX CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX