Funding you earn now, next payment 22:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.001%
Price spread now: Binance against Lighter−0.083%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$870.868% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.083%, 7d avg −0.033%
=Together, before fees+0.034%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.050% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% 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 | Lighter CHIP | 0.04601 | 0.0096 | pay 0.0012% / 1h | 14m 52s | $85K | $110K | 3x |
| Short | Binance CHIPUSDT | 0.04597 | −0.0114 | pay 0.0057% / 4h | 2h 14m | $13.9M | $25.7M | 50x |
Lighter CHIP
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$44.1
- Price spread: −0.083% → −0.033%
- −$4.98
- Slippage, 4 orders
- −$76.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$135.92
- Costs to cover
- 0.868%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 67 min ago; Binance: live order book, 11 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, 67 min ago | 11.77 bp | 24.8 bp −$25 | 118.1 bp −$1,181 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.08 bp | 15.3 bp −$15 | 69.0 bp −$690 | 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 | −0.0652% | 1h | 0.04599 | −0.043% | $16K | $234K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0640% | 1h | 0.04603 | +0.033% | $10K | $24K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0607% | 1h | 0.04604 | +0.065% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0241% | 4h | 0.04602 | +0.022% | $10.7M | $8.9M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0209% | 4h | 0.04600 | −0.022% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0176% | 1h | 0.04601 | +0.011% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04605 | +0.087% | $3K | $143K | 5x | as long as short |
| MEXC CHIP_USDT | −0.0118% | 4h | 0.04597 | −0.087% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDTshort | −0.0114% | 4h | 0.04597 | −0.083% | $13.9M | $25.7M | 50x | |
| Extended CHIP-USD | −0.0112% | 1h | 0.04600 | −0.025% | $210K | $1.3M | 5x | as long as short |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
MEXC CHIP_USDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CHIPUSD | −0.0090% | 1h | 0.04606 | +0.114% | $85 | $39K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0085% | 4h | 0.04595 | −0.130% | $542K | $66K | 50x | as long as short |
| Aster CHIPUSDT | −0.0010% | 4h | 0.04604 | +0.065% | $45K | $225K | 5x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04601 | long leg | $85K | $110K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04608 | +0.150% | $14.8M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04601 | +0.007% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04602 | +0.022% | $682K | $903K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04602 | +0.022% | $984K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04602 | +0.022% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04599 | −0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04601 | +0.006% | $839K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04598 | −0.065% | $712 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.380% | $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