Funding you earn now, next payment 03:00 UTC+0.0685%/8h= +75.0% APRpaid last 24h +0.014%
Price spread now: Lighter against Bybit+0.063%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1191.190% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.063%, 7d avg −0.031%
=Together, before fees−0.104%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.094% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.031%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% 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 | Bybit CHIPUSDT | 0.04797 | −0.0589 | get 0.0295% / 4h | 1h 17m | $11.1M | $8.9M | 20x |
| Short | Lighter CHIP | 0.04800 | 0.0096 | get 0.0012% / 1h | 17m 04s | $89K | $107K | 3x |
Bybit CHIPUSDT
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $143.9
- Price spread: +0.063% → −0.031%
- $9.4
- Slippage, 4 orders
- −$107.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $34.34
- Costs to cover
- 1.190%
- Break-even
- 5.3 days
Slippage from Bybit: live order book, 1 min ago; Lighter: live order book, 27 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 Bybit live order book, 1 min ago | 3.13 bp | 24.8 bp −$25 | 121.7 bp −$1,217 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 27 min ago | 10.52 bp | 26.5 bp −$26 | 130.4 bp −$1,304 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDTlong | −0.0589% | 4h | 0.04797 | long leg | $11.1M | $8.9M | 20x | |
| ApeX Omni CHIPUSDT | −0.0535% | 1h | 0.04815 | +0.375% | $17K | $245K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0388% | 1h | 0.04804 | +0.146% | $26K | $237K | 5x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04792 | −0.104% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0269% | 4h | 0.04792 | −0.104% | $2.1M | $9.6M | 20x | as long as short |
| Aster CHIPUSDT | −0.0057% | 4h | 0.04801 | +0.093% | $47K | $271K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04804 | +0.144% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0048% | 4h | 0.04799 | +0.042% | $577K | $63K | 50x | as long as short |
| Nado CHIP-PERP | +0.0094% | 1h | 0.04802 | +0.104% | $242K | $19K | 5x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04800 | +0.063% | $89K | $107K | 3x |
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Nado CHIP-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0096% | 1h | 0.04795 | −0.047% | $221K | $1.9M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0098% | 4h | 0.04799 | +0.042% | $1.9M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | +0.0099% | 4h | 0.04795 | −0.042% | $14.5M | $26.4M | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04814 | +0.359% | $15.1M | $6.1M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04798 | +0.019% | $14K | $689 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04797 | 0.000% | $708K | $950K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04799 | +0.042% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04803 | +0.125% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04800 | +0.063% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04817 | +0.409% | $857K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04786 | −0.229% | $727 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0424% | 1h | 0.04803 | +0.132% | $84 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04855 | +1.205% | $47K | $42K | 50x | as long as short |
Extended CHIP-USD
MEXC CHIP_USDT
Binance CHIPUSDT
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX