CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h −0.060%

Price spread now: Hyperliquid against Deribit−0.197%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Funding pays, the price is against you. Hyperliquid is 0.197% cheaper against Deribit than usual: you would sell low and buy high (spread −0.197% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04565	0.0057	pay 0.0007% / 1h	57m 13s	$9K	$25K	10x
Short	Hyperliquid CHIP	0.04556	0.0100	get 0.0013% / 1h	57m 13s	$14.4M	$6.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. 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 DeribitbpFee HyperliquidbpOrdersPrice spread, now −0.197%Rate

Funding earned: $9.08
Price spread: −0.197% → 0.000%: −$19.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$26.63
Costs to cover: 0.160%
Break-even: 27.5 days

Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	0.11 bp	17.3 bp −$17	doesn't fit	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	−0.0799%	1h	0.04548	−0.377%	$16K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0656%	1h	0.04540	−0.552%	$14K	$249K	50x	as long as short
OKX CHIP-USDT-SWAP	−0.0263%	4h	0.04561	−0.092%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0235%	1h	0.04550	−0.322%	$228K	$18K	5x	as long as short
Bybit CHIPUSDT	−0.0211%	4h	0.04560	−0.114%	$10.7M	$9.0M	20x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04548	−0.377%	$3K	$143K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0155%	1h	0.04555	−0.221%	$109	$39K	5x	as long as short
BloFin CHIP-USDT	−0.0141%	4h	0.04556	−0.202%	$544K	$65K	50x	as long as short
MEXC CHIP_USDT	−0.0130%	4h	0.04554	−0.245%	$1.8M	$1.2M	50x	as long as short
Binance CHIPUSDT	−0.0129%	4h	0.04559	−0.136%	$13.7M	$26.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CHIP-USD	−0.0128%	1h	0.04559	−0.129%	$206K	$1.3M	5x	as long as short
Aster CHIPUSDT	+0.0002%	4h	0.04550	−0.323%	$47K	$228K	5x	as long as short
Deribit CHIP_USDC-PERPETUALlong	+0.0057%	1h	0.04565	long leg	$9K	$25K	10x
Lighter CHIP	+0.0096%	1h	0.04559	−0.136%	$85K	$109K	3x	as long as short
Hyperliquid CHIPshort	+0.0100%	1h	0.04556	−0.197%	$14.4M	$6.8M	3x
Pacifica CHIP	+0.0100%	1h	0.04551	−0.318%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04552	−0.289%	$675K	$900K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04547	−0.399%	$971K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04561	−0.092%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04560	−0.114%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04545	−0.435%	$835K	$472K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04555	−0.223%	$889	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04757	+4.190%	$46K	$41K	50x	as long as short