Funding you earn now, next payment 22:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.002%
Price spread now: Extended against Lighter−0.130%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1231.226% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.130%, 7d avg −0.080%
=Together, before fees+0.061%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended 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 −0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04624 | 0.0096 | pay 0.0012% / 1h | 57m 35s | $86K | $110K | 3x |
| Short | Extended CHIP-USD | 0.04618 | −0.0064 | pay 0.0008% / 1h | 57m 35s | $211K | $1.3M | 5x |
Lighter CHIP
Extended CHIP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$33.6
- Price spread: −0.130% → −0.080%
- −$5.02
- Slippage, 4 orders
- −$117.56
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$161.18
- Costs to cover
- 1.226%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 24 min ago; Extended: live order book, 1 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, 24 min ago | 11.77 bp | 24.8 bp −$25 | 118.1 bp −$1,181 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 3.68 bp | 37.8 bp −$38 | 262.4 bp −$2,624 | 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 | −0.1616% | 1h | 0.04628 | +0.087% | $16K | $236K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0544% | 1h | 0.04629 | +0.108% | $14K | $249K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0390% | 4h | 0.04626 | +0.043% | $10.8M | $8.9M | 20x | as long as short |
| Phoenix CHIP | −0.0338% | 1h | 0.04628 | +0.087% | $3K | $142K | 5x | as long as short |
| Nado CHIP-PERP | −0.0222% | 1h | 0.04618 | −0.119% | $231K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0124% | 4h | 0.04616 | −0.173% | $1.9M | $9.1M | 20x | as long as short |
| BloFin CHIP-USDT | −0.0112% | 4h | 0.04623 | −0.022% | $550K | $70K | 50x | as long as short |
| Extended CHIP-USDshort | −0.0064% | 1h | 0.04618 | −0.130% | $211K | $1.3M | 5x | |
| Binance CHIPUSDT | −0.0061% | 4h | 0.04618 | −0.136% | $14.0M | $25.6M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0060% | 4h | 0.04623 | −0.022% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CHIPUSDT | −0.0051% | 4h | 0.04628 | +0.087% | $41K | $222K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04634 | +0.223% | $10K | $24K | 10x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04624 | long leg | $86K | $110K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04632 | +0.173% | $15.0M | $6.5M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04623 | −0.015% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04633 | +0.195% | $705K | $890K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04628 | +0.087% | $991K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04627 | +0.065% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04621 | −0.065% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04633 | +0.185% | $843K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04628 | +0.087% | $713 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0120% | 1h | 0.04634 | +0.214% | $53 | $39K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +2.865% | $46K | $41K | 50x | as long as short |
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX