Funding you earn now, next payment 23:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter against Extended−0.036%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.036%, 7d avg +0.079%
=Together, before fees+0.085%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.114% cheaper against Extended than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.079%). If the spread goes back, that is −$11 on $10k: about 42 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CHIP-USD | 0.04586 | −0.0120 | get 0.0015% / 1h | 39m 54s | $209K | $1.3M | 5x |
| Short | Lighter CHIP | 0.04584 | 0.0096 | get 0.0012% / 1h | 39m 54s | $85K | $109K | 3x |
Extended CHIP-USD
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $45.36
- Price spread: −0.036% → +0.079%
- −$11.43
- Slippage, 4 orders
- −$111.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$82.48
- Costs to cover
- 1.164%
- Break-even
- 19.7 days
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 33 min ago.
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 Extended live order book, 3 min ago | 3.83 bp | 41.7 bp −$42 | 299.8 bp −$2,998 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 33 min ago | 11.99 bp | 15.2 bp −$15 | 115.1 bp −$1,151 | doesn't fit | doesn't fit |
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 | −0.1284% | 1h | 0.04583 | −0.058% | $16K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04581 | −0.101% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0231% | 4h | 0.04587 | +0.030% | $1.9M | $9.1M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0206% | 1h | 0.04582 | −0.073% | $110 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0168% | 1h | 0.04581 | −0.101% | $229K | $18K | 5x | as long as short |
| Extended CHIP-USDlong | −0.0120% | 1h | 0.04586 | long leg | $209K | $1.3M | 5x | |
| MEXC CHIP_USDT | −0.0118% | 4h | 0.04584 | −0.036% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | −0.0116% | 4h | 0.04585 | −0.014% | $13.8M | $25.9M | 50x | as long as short |
| BloFin CHIP-USDT | −0.0102% | 4h | 0.04577 | −0.188% | $539K | $67K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0064% | 4h | 0.04588 | +0.051% | $10.7M | $8.9M | 20x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
MEXC CHIP_USDT
Binance CHIPUSDT
BloFin CHIP-USDT
Bybit CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0006% | 1h | 0.04584 | −0.036% | $14K | $248K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04588 | +0.045% | $10K | $25K | 10x | as long as short |
| Aster CHIPUSDT | +0.0041% | 4h | 0.04586 | +0.008% | $47K | $229K | 5x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04584 | −0.036% | $85K | $109K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04593 | +0.161% | $14.5M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04580 | −0.127% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04584 | −0.036% | $678K | $902K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04586 | +0.008% | $974K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04588 | +0.051% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04587 | +0.030% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04580 | −0.124% | $844K | $465K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04575 | −0.232% | $1K | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04757 | +3.726% | $46K | $41K | 50x | as long as short |
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX