Funding you earn now, next payment 01:00 UTC+0.0326%/8h= +35.7% APRnext payment +$0.41 per $10,000 · paid last 24h +0.066%
Price spread now: Deribit against Lighter+0.085%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 +$10 a day on $10k at the current rate, and Deribit is 0.085% dearer against Lighter than usual: you sell high and buy low: +$8 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 | 0.04612 | 0.0096 | pay 0.0012% / 1h | 41m 13s | $85K | $108K | 3x |
| Short | Deribit CHIP_USDC-PERPETUAL | 0.04616 | 0.0422 | get 0.0053% / 1h | 41m 13s | $10K | $24K | 10x |
Lighter CHIP
Deribit CHIP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $68.47
- Price spread: +0.085% → 0.000%
- $8.46
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $69.92
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 13 min ago; Deribit: 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, 13 min ago | 16.21 bp | 31.4 bp −$31 | 119.2 bp −$1,192 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.0994% | 1h | 0.04618 | +0.130% | $16K | $232K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0474% | 1h | 0.04619 | +0.152% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0245% | 4h | 0.04611 | −0.022% | $10.7M | $8.9M | 20x | as long as short |
| Nado CHIP-PERP | −0.0193% | 1h | 0.04607 | −0.098% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04623 | +0.239% | $3K | $140K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0072% | 4h | 0.04608 | −0.087% | $1.9M | $9.0M | 20x | as long as short |
| Gate CHIP_USDT | +0.0088% | 4h | 0.04610 | −0.043% | $681K | $906K | 50x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04612 | long leg | $85K | $108K | 3x | |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04612 | 0.000% | $46K | $237K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04613 | +0.020% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Gate CHIP_USDT
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04605 | −0.150% | $13.9M | $26.1M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04606 | −0.130% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04607 | −0.108% | $970K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04608 | −0.087% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04605 | −0.152% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04615 | +0.060% | $865K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04615 | +0.065% | $789 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04606 | −0.140% | $209K | $1.6M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0109% | 4h | 0.04601 | −0.239% | $543K | $64K | 50x | as long as short |
| Hyperliquid CHIP | +0.0177% | 1h | 0.04615 | +0.067% | $14.5M | $6.8M | 3x | as long as short |
| Aftermath Perps CHIPUSD | +0.0406% | 1h | 0.04619 | +0.156% | $85 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUALshort | +0.0422% | 1h | 0.04616 | +0.085% | $10K | $24K | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +2.238% | $45K | $40K | 50x | as long as short |
Binance CHIPUSDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Hyperliquid CHIP
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX