CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0748%/8h= +81.9% APRnext payment +$0.94 per $10,000 · paid last 24h +0.228%

Price spread now: Coinbase International against Hyperliquid+1.222%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 1.222% dearer against Hyperliquid than usual: you sell high and buy low: +$122 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CHIP	0.04658	0.0100	pay 0.0013% / 1h	51m 31s	$14.6M	$6.4M	3x
Short	Coinbase International CHIP-PERP-INTX	0.04715	0.0848	get 0.0106% / 1h	51m 31s	$45K	$40K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +1.222%Rate

Funding earned: $157.08
Price spread: +1.222% → 0.000%: $122.16
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $260.24
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 11 min ago; Coinbase International: 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 Hyperliquid live order book, 11 min ago	0.11 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
ApeX Omni CHIPUSDT	−0.0816%	1h	0.04623	−0.745%	$16K	$250K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0396%	1h	0.04643	−0.316%	$14K	$219K	5x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04612	−0.981%	$3K	$129K	5x	as long as short
Nado CHIP-PERP	−0.0010%	1h	0.04647	−0.230%	$234K	$19K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0007%	4h	0.04647	−0.230%	$1.9M	$9.2M	20x	as long as short
BloFin CHIP-USDT	+0.0080%	4h	0.04613	−0.960%	$556K	$63K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04647	−0.230%	$86K	$108K	3x	as long as short
Hyperliquid CHIPlong	+0.0100%	1h	0.04658	long leg	$14.6M	$6.4M	3x
Aster CHIPUSDT	+0.0100%	4h	0.04645	−0.278%	$48K	$255K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04646	−0.255%	$13K	$628	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04647	−0.240%	$14.0M	$26.2M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04650	−0.165%	$10.8M	$8.7M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04651	−0.144%	$689K	$914K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04647	−0.230%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04643	−0.316%	$976K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04644	−0.294%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04646	−0.251%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04631	−0.578%	$870K	$458K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04615	−0.917%	$708	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04645	−0.266%	$216K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0287%	1h	0.04641	−0.361%	$118	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0848%	1h	0.04715	+1.222%	$45K	$40K	50x
Deribit CHIP_USDC-PERPETUAL	+0.1236%	1h	0.04649	−0.193%	$10K	$24K	10x	as long as short