Funding you earn now, next payment 02:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h −0.006%
Price spread now: OKX against Lighter+0.065%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1081.076% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.065%, 7d avg −0.036%
=Together, before fees−0.234%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.101% dearer against Lighter than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.036%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.039% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04641 | 0.0096 | pay 0.0012% / 1h | 29m 06s | $86K | $108K | 3x |
| Short | OKX CHIP-USDT-SWAP | 0.04644 | −0.0015 | pay 0.0007% / 4h | 2h 29m | $1.9M | $9.1M | 20x |
Lighter CHIP
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$23.23
- Price spread: +0.065% → −0.036%
- $10.09
- Slippage, 4 orders
- −$97.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$120.74
- Costs to cover
- 1.076%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 20 min ago; OKX: 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, 20 min ago | 16.13 bp | 32.5 bp −$33 | 128.1 bp −$1,281 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.07 bp | 25.7 bp −$26 | 173.1 bp −$1,731 | doesn't fit | doesn't fit |
CHIP on 22 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 | −0.1137% | 1h | 0.04641 | 0.000% | $15K | $219K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0236% | 1h | 0.04659 | +0.388% | $16K | $250K | 50x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04666 | +0.539% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0015% | 4h | 0.04644 | +0.065% | $1.9M | $9.1M | 20x | |
| Nado CHIP-PERP | −0.0005% | 1h | 0.04648 | +0.162% | $234K | $19K | 5x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04641 | long leg | $86K | $108K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04654 | +0.282% | $14.6M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04646 | +0.097% | $36K | $253K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04660 | +0.409% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04643 | +0.043% | $14.0M | $25.9M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04647 | +0.129% | $10.8M | $8.6M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04652 | +0.237% | $688K | $951K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04641 | 0.000% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04648 | +0.151% | $976K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04640 | −0.022% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04643 | +0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04662 | +0.458% | $876K | $459K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04649 | +0.172% | $730 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04640 | −0.026% | $211K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0409% | 1h | 0.04655 | +0.297% | $93 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0503% | 1h | 0.04651 | +0.209% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04715 | +1.586% | $45K | $40K | 50x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX