Funding you earn now, next payment 01:00 UTC−0.1671%/8h= −183.0% APRpaid last 24h −0.081%
Price spread now: Bybit against Deribit−0.152%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—needs both histories
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Bybit is 0.152% cheaper against Deribit than usual: you would sell low and buy high (−$15 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 | Deribit CHIP_USDC-PERPETUAL | 0.04620 | 0.1637 | pay 0.0205% / 1h | 43m 54s | $10K | $24K | 10x |
| Short | Bybit CHIPUSDT | 0.04613 | −0.0034 | pay 0.0017% / 4h | 3h 43m | $10.7M | $8.9M | 20x |
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- −$350.9
- Price spread: −0.152% → 0.000%
- −$15.15
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$384.05
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 2.16 bp | 38.8 bp −$39 | 145.9 bp −$1,459 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.0855% | 1h | 0.04604 | −0.346% | $15K | $232K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0528% | 1h | 0.04622 | +0.043% | $14K | $248K | 50x | as long as short |
| Nado CHIP-PERP | −0.0173% | 1h | 0.04607 | −0.271% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04623 | +0.065% | $3K | $140K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0067% | 4h | 0.04608 | −0.260% | $1.9M | $9.0M | 20x | as long as short |
| Bybit CHIPUSDTshort | −0.0034% | 4h | 0.04613 | −0.152% | $10.7M | $8.9M | 20x | |
| BloFin CHIP-USDT | +0.0044% | 4h | 0.04612 | −0.173% | $544K | $65K | 50x | as long as short |
| Gate CHIP_USDT | +0.0084% | 4h | 0.04615 | −0.108% | $680K | $901K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04608 | −0.260% | $85K | $108K | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04614 | −0.126% | $46K | $236K | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Gate CHIP_USDT
Lighter CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04619 | −0.030% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04608 | −0.260% | $13.9M | $26.1M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04608 | −0.260% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04611 | −0.195% | $971K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04608 | −0.260% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04610 | −0.216% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04620 | +0.006% | $867K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04603 | −0.368% | $601 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04608 | −0.270% | $210K | $1.5M | 5x | as long as short |
| Hyperliquid CHIP | +0.0286% | 1h | 0.04613 | −0.147% | $14.5M | $6.7M | 3x | as long as short |
| Aftermath Perps CHIPUSD | +0.0428% | 1h | 0.04625 | +0.097% | $141 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +2.061% | $45K | $40K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | +0.1637% | 1h | 0.04620 | long leg | $10K | $24K | 10x |
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Hyperliquid CHIP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX