Funding you earn now, next payment 22:00 UTC−0.0728%/8h= −79.7% APRnext payment −$0.91 per $10,000 · paid last 24h −0.247%
Price spread now: Lighter against Coinbase International−0.559%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Lighter is 0.559% cheaper against Coinbase International than usual: you would sell low and buy high (−$56 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 | 0.04636 | 0.0824 | pay 0.0103% / 1h | 17m 07s | $45K | $40K | 50x |
| Short | Lighter CHIP | 0.04610 | 0.0096 | get 0.0012% / 1h | 17m 07s | $86K | $109K | 3x |
Coinbase International CHIP-PERP-INTX
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$152.88
- Price spread: −0.559% → 0.000%
- −$55.87
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$218.75
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 56 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 Lighter live order book, 56 min ago | 11.99 bp | 15.2 bp −$15 | 115.1 bp −$1,151 | 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 | −0.1265% | 1h | 0.04613 | −0.494% | $16K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04606 | −0.645% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0145% | 4h | 0.04614 | −0.472% | $1.9M | $9.2M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0136% | 1h | 0.04605 | −0.665% | $117 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0116% | 1h | 0.04607 | −0.613% | $231K | $18K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0082% | 4h | 0.04607 | −0.623% | $540K | $67K | 50x | as long as short |
| MEXC CHIP_USDT | −0.0050% | 4h | 0.04610 | −0.559% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | −0.0048% | 1h | 0.04611 | −0.535% | $210K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0047% | 4h | 0.04609 | −0.580% | $13.8M | $26.0M | 50x | as long as short |
| ApeX Omni CHIPUSDT | −0.0006% | 1h | 0.04607 | −0.623% | $14K | $247K | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
BloFin CHIP-USDT
MEXC CHIP_USDT
Extended CHIP-USD
Binance CHIPUSDT
ApeX Omni CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04614 | −0.468% | $10K | $25K | 10x | as long as short |
| Bybit CHIPUSDT | +0.0079% | 4h | 0.04612 | −0.516% | $10.7M | $8.9M | 20x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04610 | −0.559% | $86K | $109K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04618 | −0.388% | $14.5M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04613 | −0.486% | $48K | $230K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04610 | −0.559% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04611 | −0.537% | $681K | $910K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04612 | −0.516% | $985K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04611 | −0.537% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04612 | −0.516% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04608 | −0.603% | $849K | $455K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04604 | −0.688% | $740 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTXlong | +0.0824% | 1h | 0.04636 | long leg | $45K | $40K | 50x |
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDT
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT