Funding you earn now, next payment 00:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.020%
Price spread now: Hyperliquid against OKX+0.435%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$720.715% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 7 days−0.363%−$36 · spread now +0.435%, 7d avg +0.148%
=Together, before fees−0.149%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.287% dearer against OKX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.148%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CHIP-USDT-SWAP | 0.04710 | −0.0048 | get 0.0024% / 4h | 37m 11s | $2.0M | $9.3M | 20x |
| Short | Hyperliquid CHIP | 0.04730 | 0.0100 | get 0.0013% / 1h | 37m 11s | $14.9M | $6.8M | 3x |
OKX CHIP-USDT-SWAP
Hyperliquid CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $30.99
- Price spread: +0.435% → +0.148%
- $28.69
- Slippage, 4 orders
- −$52.55
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$11.87
- Costs to cover
- 0.715%
- Break-even
- 9.7 days
Slippage from OKX: live order book, 6 min ago; Hyperliquid: live order book, 6 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 OKX live order book, 6 min ago | 1.07 bp | 27.0 bp −$27 | 318.3 bp −$3,183 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.64 bp | 17.5 bp −$18 | 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 | −0.1314% | 1h | 0.04705 | −0.106% | $15K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04683 | −0.573% | $3K | $140K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0095% | 1h | 0.04698 | −0.251% | $87 | $39K | 5x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0048% | 4h | 0.04710 | long leg | $2.0M | $9.3M | 20x | |
| BloFin CHIP-USDT | +0.0017% | 4h | 0.04724 | +0.297% | $503K | $67K | 50x | as long as short |
| ApeX Omni CHIPUSDT | +0.0027% | 1h | 0.04703 | −0.149% | $14K | $248K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0028% | 4h | 0.04720 | +0.212% | $1.8M | $1.1M | 50x | as long as short |
| Binance CHIPUSDT | +0.0029% | 4h | 0.04717 | +0.147% | $14.2M | $26.2M | 50x | as long as short |
| Extended CHIP-USD | +0.0032% | 1h | 0.04718 | +0.174% | $215K | $1.3M | 5x | as long as short |
| Bybit CHIPUSDT | +0.0081% | 4h | 0.04716 | +0.127% | $11.0M | $8.9M | 20x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
ApeX Omni CHIPUSDT
MEXC CHIP_USDT
Binance CHIPUSDT
Extended CHIP-USD
Bybit CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIP | +0.0096% | 1h | 0.04718 | +0.170% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIPshort | +0.0100% | 1h | 0.04730 | +0.435% | $14.9M | $6.8M | 3x | |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04723 | +0.284% | $51K | $236K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04720 | +0.212% | $14K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04718 | +0.170% | $698K | $912K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04719 | +0.191% | $995K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04727 | +0.361% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04721 | +0.234% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04689 | −0.448% | $877K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04721 | +0.234% | $807 | $1.1M | 10x | as long as short |
| Nado CHIP-PERP | +0.0418% | 1h | 0.04722 | +0.255% | $236K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0427% | 1h | 0.04730 | +0.427% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04716 | +0.121% | $45K | $40K | 50x | as long as short |
Lighter CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX