Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.021%
Price spread now: Hyperliquid against Lighter−0.007%7-day average +0.166% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$790.785% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.007%, 7d avg +0.166%
=Together, before fees+0.320%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.173% cheaper against Lighter than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.166%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04596 | 0.0096 | pay 0.0012% / 1h | 24m 21s | $85K | $109K | 3x |
| Short | Hyperliquid CHIP | 0.04596 | 0.0100 | get 0.0013% / 1h | 24m 21s | $14.5M | $6.7M | 3x |
Lighter CHIP
Hyperliquid CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0.84
- Price spread: −0.007% → +0.166%
- −$17.29
- Slippage, 4 orders
- −$69.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$94.97
- Costs to cover
- 0.785%
- Break-even
- 798.4 days
Slippage from Lighter: live order book, 49 min ago; Hyperliquid: live order book, 8 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, 49 min ago | 11.99 bp | 30.6 bp −$31 | 121.4 bp −$1,214 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.98 bp | 19.1 bp −$19 | doesn't fit | 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 | −0.1270% | 1h | 0.04593 | −0.065% | $16K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04587 | −0.196% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0167% | 4h | 0.04591 | −0.109% | $1.9M | $9.1M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0161% | 1h | 0.04593 | −0.062% | $110 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0107% | 1h | 0.04593 | −0.065% | $230K | $18K | 5x | as long as short |
| MEXC CHIP_USDT | −0.0074% | 4h | 0.04590 | −0.131% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | −0.0072% | 1h | 0.04590 | −0.139% | $209K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | −0.0070% | 4h | 0.04591 | −0.109% | $13.8M | $26.0M | 50x | as long as short |
| ApeX Omni CHIPUSDT | −0.0049% | 1h | 0.04598 | +0.044% | $14K | $247K | 50x | as long as short |
| BloFin CHIP-USDT | −0.0044% | 4h | 0.04590 | −0.131% | $539K | $67K | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
MEXC CHIP_USDT
Extended CHIP-USD
Binance CHIPUSDT
ApeX Omni CHIPUSDT
BloFin CHIP-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0058% | 4h | 0.04593 | −0.065% | $10.7M | $8.9M | 20x | as long as short |
| Aster CHIPUSDT | +0.0089% | 4h | 0.04591 | −0.100% | $47K | $229K | 5x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04596 | long leg | $85K | $109K | 3x | |
| Hyperliquid CHIPshort | +0.0100% | 1h | 0.04596 | −0.007% | $14.5M | $6.7M | 3x | |
| Pacifica CHIP | +0.0100% | 1h | 0.04594 | −0.035% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04594 | −0.044% | $677K | $904K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04593 | −0.065% | $978K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04592 | −0.087% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04593 | −0.065% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04597 | +0.020% | $846K | $455K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04591 | −0.109% | $692 | $1.1M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0185% | 1h | 0.04599 | +0.061% | $10K | $25K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04618 | +0.485% | $45K | $39K | 50x | as long as short |
Bybit CHIPUSDT
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX