CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0449%/8h= +49.2% APRnext payment +$0.56 per $10,000 · paid last 24h −0.183%

Price spread now: Deribit against Coinbase International−2.511%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 2.511% cheaper against Coinbase International than usual: you would sell low and buy high (spread −2.511% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$251 on $10k: about 19 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CHIP-PERP-INTX	0.04715	0.0848	pay 0.0106% / 1h	55m 02s	$45K	$40K	50x
Short	Deribit CHIP_USDC-PERPETUAL	0.04596	0.1297	get 0.0162% / 1h	55m 02s	$10K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −2.511%Rate

Funding earned: $94.29
Price spread: −2.511% → 0.000%: −$251.13
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$173.84
Costs to cover: 0.170%
Break-even: 19.9 days

Slippage unknown: Coinbase International: no order-book sample; Deribit: no order-book sample. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Coinbase International and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni CHIPUSDT	−0.1319%	1h	0.04662	−1.116%	$16K	$251K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0967%	1h	0.04590	−2.643%	$14K	$222K	5x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04655	−1.264%	$3K	$129K	5x	as long as short
Nado CHIP-PERP	−0.0073%	1h	0.04596	−2.505%	$231K	$19K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0023%	4h	0.04592	−2.600%	$1.9M	$9.0M	20x	as long as short
BloFin CHIP-USDT	+0.0078%	4h	0.04587	−2.706%	$544K	$65K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04587	−2.706%	$85K	$108K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04600	−2.439%	$14.4M	$6.5M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04591	−2.631%	$48K	$254K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04593	−2.581%	$13K	$628	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04590	−2.646%	$13.8M	$26.2M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04595	−2.537%	$10.7M	$8.7M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04595	−2.537%	$673K	$908K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04592	−2.600%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04593	−2.579%	$963K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04595	−2.537%	$1.9M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04591	−2.622%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04631	−1.778%	$870K	$458K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04585	−2.749%	$592	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04586	−2.719%	$213K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0294%	1h	0.04655	−1.265%	$118	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0848%	1h	0.04715	long leg	$45K	$40K	50x
Deribit CHIP_USDC-PERPETUALshort	+0.1297%	1h	0.04596	−2.511%	$10K	$24K	10x