Funding you earn now, next payment 00:00 UTC+0.0832%/8h= +91.1% APRnext payment +$1.04 per $10,000 · paid last 24h +0.249%
Price spread now: Coinbase International against Lighter+0.407%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.407% dearer against Lighter than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04645 | 0.0096 | pay 0.0012% / 1h | 18m 51s | $86K | $108K | 3x |
| Short | Coinbase International CHIP-PERP-INTX | 0.04664 | 0.0928 | get 0.0116% / 1h | 18m 51s | $45K | $40K | 50x |
Lighter CHIP
Coinbase International CHIP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $174.72
- Price spread: +0.407% → 0.000%
- $40.69
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $205.41
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 36 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 Lighter live order book, 36 min ago | 16.21 bp | 31.4 bp −$31 | 119.2 bp −$1,192 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1004% | 1h | 0.04644 | −0.022% | $14K | $229K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0301% | 1h | 0.04647 | +0.043% | $17K | $249K | 50x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04641 | −0.086% | $3K | $140K | 5x | as long as short |
| Nado CHIP-PERP | −0.0150% | 1h | 0.04650 | +0.118% | $233K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0017% | 4h | 0.04632 | −0.280% | $1.9M | $9.0M | 20x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04645 | long leg | $86K | $108K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04649 | +0.088% | $14.6M | $6.5M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04647 | +0.038% | $48K | $237K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04652 | +0.151% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04629 | −0.344% | $13.9M | $26.0M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04633 | −0.258% | $10.8M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04642 | −0.065% | $687K | $908K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04633 | −0.258% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04639 | −0.129% | $971K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04631 | −0.301% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04631 | −0.301% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04642 | −0.070% | $872K | $467K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04650 | +0.108% | $931 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04630 | −0.323% | $211K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0117% | 4h | 0.04651 | +0.129% | $547K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0337% | 1h | 0.04646 | +0.024% | $196 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0717% | 1h | 0.04659 | +0.293% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTXshort | +0.0928% | 1h | 0.04664 | +0.407% | $45K | $40K | 50x |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL