Funding you earn now, next payment 02:00 UTC−0.0257%/8h= −28.2% APRnext payment −$0.32 per $10,000 · paid last 24h −0.093%
Price spread now: ApeX Omni against Hyperliquid−0.457%7-day average −0.184% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$680.676% of the position
Funding, last 7 days−0.564%−$56 on $10k
+Price spread, last 4 days (all we have)+0.978%+$98 · spread now −0.457%, 7d avg −0.184%
=Together, before fees+0.414%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.272% cheaper against Hyperliquid than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.184%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CHIP | 0.04751 | 0.0100 | pay 0.0013% / 1h | 11m 28s | $14.9M | $6.2M | 3x |
| Short | ApeX Omni CHIPUSDT | 0.04729 | −0.0157 | pay 0.0020% / 1h | 11m 28s | $16K | $244K | 50x |
Hyperliquid CHIP
ApeX Omni CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$54.06
- Price spread: −0.457% → −0.184%
- −$27.24
- Slippage, 4 orders
- −$48.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$148.93
- Costs to cover
- 0.676%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; ApeX Omni: live order book, 55 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 Hyperliquid live order book, 11 min ago | 1.38 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 55 min ago | 8.55 bp | 16.8 bp −$17 | 122.3 bp −$1,223 | doesn't fit | doesn't fit |
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 | −0.1372% | 1h | 0.04755 | +0.091% | $16K | $221K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04720 | −0.646% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDTshort | −0.0157% | 1h | 0.04729 | −0.457% | $16K | $244K | 50x | |
| Nado CHIP-PERP | −0.0066% | 1h | 0.04743 | −0.162% | $239K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0030% | 4h | 0.04759 | +0.175% | $2.0M | $9.4M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04762 | +0.242% | $10K | $24K | 10x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04753 | +0.048% | $88K | $108K | 3x | as long as short |
| Hyperliquid CHIPlong | +0.0100% | 1h | 0.04751 | long leg | $14.9M | $6.2M | 3x | |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04752 | +0.036% | $37K | $261K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04753 | +0.042% | $14K | $604 | 3x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Lighter CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04735 | −0.330% | $14.3M | $26.1M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04742 | −0.183% | $11.1M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04751 | +0.006% | $696K | $961K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04743 | −0.162% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04755 | +0.091% | $995K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04742 | −0.183% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04738 | −0.267% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04716 | −0.728% | $894K | $467K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04741 | −0.204% | $898 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04746 | −0.093% | $217K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0423% | 1h | 0.04728 | −0.470% | $222 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04766 | +0.333% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Bybit 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