Funding you earn now, next payment 22:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.001%
Price spread now: MEXC against Lighter−0.044%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.044%, 7d avg −0.024%
=Together, before fees+0.286%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$7 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 0.046% in total (about 2.4% 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 | 0.04534 | 0.0096 | pay 0.0012% / 1h | 2m 33s | $84K | $110K | 3x |
| Short | MEXC CHIP_USDT | 0.04532 | −0.0136 | pay 0.0068% / 4h | 2h 02m | $1.8M | $1.2M | 50x |
Lighter CHIP
MEXC CHIP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$48.72
- Price spread: −0.044% → −0.024%
- −$2
- Slippage, 4 orders
- −$67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$117.72
- Costs to cover
- 0.670%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; MEXC: live order book, 4 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, 10 min ago | 11.99 bp | 30.6 bp −$31 | 121.4 bp −$1,214 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.18 bp | 10.7 bp −$11 | 61.2 bp −$612 | 258.6 bp −$25.9K | 828.5 bp −$414.2K |
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 | −0.0769% | 1h | 0.04534 | 0.000% | $15K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0660% | 1h | 0.04575 | +0.904% | $14K | $249K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0315% | 4h | 0.04538 | +0.088% | $10.6M | $9.0M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0293% | 4h | 0.04535 | +0.022% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0180% | 1h | 0.04539 | +0.110% | $227K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04571 | +0.816% | $3K | $143K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0146% | 1h | 0.04539 | +0.106% | $9K | $25K | 10x | as long as short |
| Binance CHIPUSDT | −0.0138% | 4h | 0.04532 | −0.044% | $13.7M | $26.0M | 50x | as long as short |
| Extended CHIP-USD | −0.0136% | 1h | 0.04535 | +0.021% | $206K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDTshort | −0.0136% | 4h | 0.04532 | −0.044% | $1.8M | $1.2M | 50x |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
Binance CHIPUSDT
Extended CHIP-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CHIPUSD | −0.0096% | 1h | 0.04571 | +0.823% | $194 | $39K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0079% | 4h | 0.04531 | −0.066% | $538K | $65K | 50x | as long as short |
| Aster CHIPUSDT | −0.0016% | 4h | 0.04538 | +0.091% | $46K | $228K | 5x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04534 | long leg | $84K | $110K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04539 | +0.117% | $14.3M | $6.8M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04535 | +0.033% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04536 | +0.044% | $673K | $910K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04532 | −0.044% | $969K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04538 | +0.088% | $1.9M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04535 | +0.022% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04584 | +1.109% | $835K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04532 | −0.044% | $837 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +4.907% | $46K | $41K | 50x | as long as short |
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
Aster CHIPUSDT
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX