Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.064%
Price spread now: Pacifica against Deribit−0.459%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
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.459% cheaper against Deribit than usual: you would sell low and buy high (−$46 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 | 0.04776 | 0.0148 | pay 0.0019% / 1h | 10m 28s | $10K | $24K | 10x |
| Short | Pacifica CHIP | 0.04754 | 0.0100 | get 0.0013% / 1h | 10m 28s | $14K | $604 | 3x |
Deribit CHIP_USDC-PERPETUAL
Pacifica CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$10.08
- Price spread: −0.459% → 0.000%
- −$45.86
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$70.94
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Pacifica: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Deribit and Pacifica: 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 22 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 | −0.1377% | 1h | 0.04758 | −0.369% | $16K | $221K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04720 | −1.164% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0157% | 1h | 0.04729 | −0.976% | $16K | $244K | 50x | as long as short |
| Nado CHIP-PERP | −0.0069% | 1h | 0.04743 | −0.683% | $239K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0047% | 4h | 0.04740 | −0.745% | $2.0M | $9.4M | 20x | as long as short |
| Bybit CHIPUSDT | +0.0077% | 4h | 0.04750 | −0.536% | $11.1M | $8.7M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04752 | −0.494% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04756 | −0.410% | $14.9M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04758 | −0.369% | $38K | $261K | 5x | as long as short |
| Pacifica CHIPshort | +0.0100% | 1h | 0.04754 | −0.459% | $14K | $604 | 3x |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04745 | −0.637% | $14.3M | $26.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04760 | −0.327% | $698K | $961K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04752 | −0.494% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04759 | −0.348% | $997K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04746 | −0.620% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04748 | −0.578% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04742 | −0.710% | $899K | $467K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04747 | −0.599% | $1K | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04747 | −0.603% | $217K | $1.9M | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | +0.0148% | 1h | 0.04776 | long leg | $10K | $24K | 10x | |
| Aftermath Perps CHIPUSD | +0.0423% | 1h | 0.04728 | −0.989% | $222 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04785 | +0.195% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX