Settings8H · net · $10k
Funding arb · Price arb /

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Lighter−0.052%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.052% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CHIP0.046250.0096pay 0.0012% / 1h46m 22s$86K$108K3x
ShortPacifica CHIP0.046230.0100get 0.0013% / 1h46m 22s$13K$6283x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: −0.052% → 0.000%
−$5.19
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$12.35
Costs to cover
0.080%
Break-even
109.9 days
Slippage unknown: Lighter: live order book, 8 min ago; Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 8 min ago16.21 bp31.4 bp −$31119.2 bp −$1,192doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack CHIP_USDC_PERP−0.0652%1h0.04622−0.065%$15K$232K5xas long as short
ApeX Omni CHIPUSDT−0.0525%1h0.04621−0.086%$14K$248K50xas long as short
Phoenix CHIP−0.0172%1h0.04620−0.108%$3K$140K5xas long as short
Nado CHIP-PERP−0.0165%1h0.04614−0.249%$231K$18K5xas long as short
OKX CHIP-USDT-SWAP−0.0059%4h0.04610−0.324%$1.9M$9.1M20xas long as short
Bybit CHIPUSDT−0.0012%4h0.04617−0.173%$10.8M$8.9M20xas long as short
BloFin CHIP-USDT+0.0071%4h0.04623−0.043%$545K$65K50xas long as short
Lighter CHIPlong+0.0096%1h0.04625long leg$86K$108K3x
Aster CHIPUSDT+0.0100%4h0.04620−0.109%$46K$236K5xas long as short
Pacifica CHIPshort+0.0100%1h0.04623−0.052%$13K$6283x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04610−0.318%$13.9M$26.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04622−0.065%$681K$901K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04618−0.151%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04618−0.151%$975K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04613−0.259%$1.9M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04612−0.281%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04620−0.102%$867K$469Kas long as short
SunX CHIP-USDT+0.0100%4h0.04617−0.173%$772$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04619−0.129%$210K$1.5M5xas long as short
Hyperliquid CHIP+0.0414%1h0.04622−0.063%$14.5M$6.7M3xas long as short
Aftermath Perps CHIPUSD+0.0436%1h0.04627+0.051%$141$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04715+1.950%$45K$40K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.2041%1h0.04637+0.257%$10K$24K10xas long as short