Funding you earn now, next payment 06:00 UTC−0.0616%/8h= −67.5% APRpaid last 24h −0.031%
Price spread now: Bybit against Lighter+0.021%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.021%, 7d avg +0.033%
=Together, before fees−0.077%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% 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 | 0.04684 | 0.0096 | pay 0.0012% / 1h | 43m 23s | $97K | $113K | 3x |
| Short | Bybit CHIPUSDT | 0.04685 | −0.0520 | pay 0.0260% / 4h | 2h 43m | $10.6M | $9.1M | 20x |
Lighter CHIP
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$129.39
- Price spread: +0.021% → +0.033%
- −$1.12
- Slippage, 4 orders
- −$115.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$257.19
- Costs to cover
- 1.267%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 51 min ago; Bybit: live order book, 5 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, 51 min ago | 9.60 bp | 21.0 bp −$21 | 120.2 bp −$1,202 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.22 bp | 34.6 bp −$35 | 136.1 bp −$1,361 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDTshort | −0.0520% | 4h | 0.04685 | +0.021% | $10.6M | $9.1M | 20x | |
| ApeX Omni CHIPUSDT | −0.0278% | 1h | 0.04673 | −0.235% | $16K | $245K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0225% | 4h | 0.04681 | −0.064% | $2.0M | $9.6M | 20x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04659 | −0.534% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0009% | 1h | 0.04686 | +0.043% | $237K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04701 | +0.363% | $9K | $24K | 10x | as long as short |
| KuCoin CHIPUSDTM | +0.0040% | 4h | 0.04690 | +0.128% | $980K | $1.1M | 50x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04684 | long leg | $97K | $113K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04696 | +0.252% | $14.6M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04686 | +0.036% | $56K | $279K | 5x | as long as short |
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Phoenix CHIP
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
KuCoin CHIPUSDTM
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04684 | −0.006% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04678 | −0.136% | $14.1M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04690 | +0.128% | $672K | $965K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04681 | −0.064% | $1.8M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04687 | +0.064% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04678 | −0.128% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04656 | −0.594% | $819K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04698 | +0.299% | $607 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04686 | +0.038% | $213K | $1.0M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0127% | 4h | 0.04675 | −0.192% | $561K | $64K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0174% | 1h | 0.04676 | −0.176% | $81 | $37K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0435% | 1h | 0.04698 | +0.299% | $35K | $233K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +0.709% | $45K | $37K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Backpack CHIP_USDC_PERP
Coinbase International CHIP-PERP-INTX