CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0724%/8h= −79.3% APRnext payment −$0.90 per $10,000 · paid last 24h −0.226%

Price spread now: Hyperliquid against Coinbase International−3.549%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Hyperliquid is 3.549% cheaper against Coinbase International than usual: you would sell low and buy high (−$355 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CHIP-PERP-INTX	0.04757	0.0824	pay 0.0103% / 1h	52m 11s	$46K	$41K	50x
Short	Hyperliquid CHIP	0.04588	0.0100	get 0.0013% / 1h	52m 11s	$14.5M	$6.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −3.549%Rate

Funding earned: −$152.04
Price spread: −3.549% → 0.000%: −$354.88
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$525.92
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 11 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	0.11 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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
Backpack CHIP_USDC_PERP	−0.1027%	1h	0.04580	−3.711%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04548	−4.383%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0245%	4h	0.04581	−3.690%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0232%	1h	0.04580	−3.700%	$229K	$18K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0185%	1h	0.04571	−3.897%	$109	$39K	5x	as long as short
Bybit CHIPUSDT	−0.0132%	4h	0.04581	−3.690%	$10.7M	$9.0M	20x	as long as short
Binance CHIPUSDT	−0.0122%	4h	0.04577	−3.764%	$13.8M	$26.0M	50x	as long as short
Extended CHIP-USD	−0.0120%	1h	0.04581	−3.695%	$207K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0120%	4h	0.04577	−3.774%	$1.8M	$1.2M	50x	as long as short
BloFin CHIP-USDT	−0.0087%	4h	0.04574	−3.837%	$546K	$66K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CHIPUSDT	+0.0021%	4h	0.04578	−3.756%	$47K	$229K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0034%	1h	0.04586	−3.576%	$10K	$25K	10x	as long as short
Lighter CHIP	+0.0096%	1h	0.04583	−3.648%	$85K	$109K	3x	as long as short
Hyperliquid CHIPshort	+0.0100%	1h	0.04588	−3.549%	$14.5M	$6.8M	3x
Pacifica CHIP	+0.0100%	1h	0.04580	−3.711%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04583	−3.648%	$679K	$901K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04579	−3.732%	$979K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04580	−3.711%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04580	−3.711%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04571	−3.898%	$840K	$472K	—	as long as short
ApeX Omni CHIPUSDT	+0.0100%	1h	0.04574	−3.837%	$14K	$249K	50x	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04578	−3.753%	$794	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0824%	1h	0.04757	long leg	$46K	$41K	50x