Funding you earn now, next payment 01:00 UTC−0.1941%/8h= −212.6% APRpaid last 24h −0.065%
Price spread now: Variational Omni against Deribit−0.229%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$58 a day on $10k at the current rate, and Variational Omni is 0.229% cheaper against Deribit than usual: you would sell low and buy high (−$23 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 | 0.04637 | 0.2041 | pay 0.0255% / 1h | 46m 48s | $10K | $24K | 10x |
| Short | Variational Omni CHIP | 0.04626 | 0.0100 | get 0.0050% / 4h | 3h 46m | $867K | $469K | — |
Deribit CHIP_USDC-PERPETUAL
Variational Omni CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$407.66
- Price spread: −0.229% → 0.000%
- −$22.9
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$437.56
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 27 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 Variational Omni RFQ quote, 27 min ago | 5.37 bp | doesn't fit | 121.3 bp −$1,213 | 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 | −0.0652% | 1h | 0.04622 | −0.321% | $15K | $232K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0525% | 1h | 0.04621 | −0.343% | $14K | $248K | 50x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04620 | −0.364% | $3K | $140K | 5x | as long as short |
| Nado CHIP-PERP | −0.0161% | 1h | 0.04618 | −0.397% | $231K | $18K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0108% | 4h | 0.04625 | −0.257% | $10.8M | $8.9M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0059% | 4h | 0.04620 | −0.364% | $1.9M | $9.1M | 20x | as long as short |
| Gate CHIP_USDT | +0.0042% | 4h | 0.04627 | −0.214% | $682K | $901K | 50x | as long as short |
| BloFin CHIP-USDT | +0.0071% | 4h | 0.04623 | −0.300% | $545K | $65K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04625 | −0.257% | $86K | $108K | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04625 | −0.256% | $46K | $237K | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Gate CHIP_USDT
BloFin 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 | 0.04623 | −0.308% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04622 | −0.321% | $13.9M | $26.1M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04622 | −0.321% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04626 | −0.235% | $977K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04620 | −0.364% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04622 | −0.321% | — | $1.9M | — | as long as short |
| Variational Omni CHIPshort | +0.0100% | 4h | 0.04626 | −0.229% | $867K | $469K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04617 | −0.429% | $772 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04622 | −0.320% | $214K | $1.5M | 5x | as long as short |
| Hyperliquid CHIP | +0.0434% | 1h | 0.04633 | −0.091% | $14.6M | $6.7M | 3x | as long as short |
| Aftermath Perps CHIPUSD | +0.0434% | 1h | 0.04628 | −0.189% | $86 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +1.689% | $45K | $40K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | +0.2041% | 1h | 0.04637 | long leg | $10K | $24K | 10x |
Pacifica CHIP
Binance CHIPUSDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
SunX CHIP-USDT
Extended CHIP-USD
Hyperliquid CHIP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX