Funding you earn now, next payment 22:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h −0.022%
Price spread now: Binance against Hyperliquid−0.153%7-day average −0.200% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.153%, 7d avg −0.200%
=Together, before fees−0.149%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.047% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.153% now, against its 7-day average of −0.200%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.135% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.1% a year). A funding rate is set anew for every payment. 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 | Hyperliquid CHIP | 0.04586 | 0.0100 | pay 0.0013% / 1h | 42m 35s | $14.7M | $6.6M | 3x |
| Short | Binance CHIPUSDT | 0.04579 | −0.0098 | pay 0.0049% / 4h | 2h 42m | $13.8M | $25.7M | 50x |
Hyperliquid CHIP
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$41.56
- Price spread: −0.153% → −0.200%
- $4.65
- Slippage, 4 orders
- −$47.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$103.04
- Costs to cover
- 0.661%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Binance: live order book, 14 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, 10 min ago | 0.98 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.09 bp | 15.7 bp −$16 | 63.5 bp −$635 | 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 | −0.2110% | 1h | 0.04580 | −0.135% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0734% | 1h | 0.04572 | −0.310% | $14K | $249K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0442% | 4h | 0.04584 | −0.048% | $10.7M | $8.9M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0360% | 1h | 0.04586 | −0.007% | $10K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0192% | 4h | 0.04581 | −0.113% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0188% | 1h | 0.04585 | −0.026% | $229K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04577 | −0.201% | $3K | $143K | 5x | as long as short |
| Binance CHIPUSDTshort | −0.0098% | 4h | 0.04579 | −0.153% | $13.8M | $25.7M | 50x | |
| BloFin CHIP-USDT | −0.0098% | 4h | 0.04577 | −0.201% | $546K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0096% | 1h | 0.04580 | −0.135% | $209K | $1.3M | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
BloFin CHIP-USDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | −0.0092% | 4h | 0.04579 | −0.157% | $1.8M | $1.2M | 50x | as long as short |
| Aster CHIPUSDT | −0.0066% | 4h | 0.04578 | −0.179% | $41K | $227K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0047% | 1h | 0.04587 | +0.007% | $85 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04582 | −0.092% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIPlong | +0.0100% | 1h | 0.04586 | long leg | $14.7M | $6.6M | 3x | |
| Pacifica CHIP | +0.0100% | 1h | 0.04582 | −0.087% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04580 | −0.135% | $688K | $898K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04579 | −0.157% | $988K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04584 | −0.048% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04579 | −0.157% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04582 | −0.102% | $834K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04581 | −0.113% | $686 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.713% | $46K | $41K | 50x | as long as short |
MEXC CHIP_USDT
Aster CHIPUSDT
Aftermath Perps CHIPUSD
Lighter CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX