Funding you earn now, next payment 22:00 UTC−0.0756%/8h= −82.8% APRnext payment −$0.95 per $10,000 · paid last 24h −0.059%
Price spread now: ApeX Omni against Lighter+0.904%48s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.776% of the position
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 3 days (all we have)−0.908%−$91 · spread now +0.904%, 7d avg −0.020%
=Together, before fees−1.278%+ Points / potential airdropLighter: Season 3 · farm board−$128 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.924% dearer against Lighter than usual: you sell high and buy low (spread +0.904% now, against its 7-day average of −0.020%): +$92 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.370% in total) that is about 17 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.370% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 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 | Lighter CHIP | 0.04534 | 0.0096 | pay 0.0012% / 1h | 2m 38s | $84K | $110K | 3x |
| Short | ApeX Omni CHIPUSDT | 0.04575 | −0.0660 | pay 0.0083% / 1h | 2m 38s | $14K | $249K | 50x |
Lighter CHIP
ApeX Omni CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- −$158.78
- Price spread: +0.904% → −0.020%
- $92.39
- Slippage, 4 orders
- −$67.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$144.01
- Costs to cover
- 0.776%
- Break-even
- from the start
Slippage from Lighter: live order book, 10 min ago; ApeX Omni: live order book, 19 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 Lighter live order book, 10 min ago | 11.99 bp | 30.6 bp −$31 | 121.4 bp −$1,214 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 19 min ago | 6.52 bp | 17.8 bp −$18 | 127.8 bp −$1,278 | 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 | −0.0769% | 1h | 0.04534 | 0.000% | $15K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDTshort | −0.0660% | 1h | 0.04575 | +0.904% | $14K | $249K | 50x | |
| Bybit CHIPUSDT | −0.0338% | 4h | 0.04535 | +0.022% | $10.6M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0298% | 4h | 0.04536 | +0.044% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0179% | 1h | 0.04528 | −0.132% | $227K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04571 | +0.816% | $3K | $143K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0146% | 1h | 0.04539 | +0.106% | $9K | $25K | 10x | as long as short |
| Binance CHIPUSDT | −0.0138% | 4h | 0.04534 | 0.000% | $13.7M | $26.0M | 50x | as long as short |
| Extended CHIP-USD | −0.0136% | 1h | 0.04535 | +0.021% | $206K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0136% | 4h | 0.04533 | −0.022% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Binance CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CHIPUSD | −0.0096% | 1h | 0.04571 | +0.823% | $194 | $39K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0079% | 4h | 0.04531 | −0.066% | $538K | $65K | 50x | as long as short |
| Aster CHIPUSDT | −0.0016% | 4h | 0.04541 | +0.154% | $46K | $228K | 5x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04534 | long leg | $84K | $110K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04539 | +0.121% | $14.3M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04535 | +0.033% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04536 | +0.044% | $673K | $910K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04532 | −0.044% | $969K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04536 | +0.044% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04535 | +0.022% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04584 | +1.109% | $835K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04532 | −0.044% | $837 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +4.907% | $46K | $41K | 50x | as long as short |
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
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