Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.7% APRpaid last 24h −0.001%
Price spread now: Lighter against OKX+0.064%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.064%, 7d avg +0.034%
=Together, before fees+0.083%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.030% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CHIP-USDT-SWAP | 0.04690 | −0.0056 | get 0.0028% / 4h | 28m 26s | $2.0M | $9.3M | 20x |
| Short | Lighter CHIP | 0.04693 | 0.0096 | get 0.0012% / 1h | 28m 26s | $87K | $108K | 3x |
OKX CHIP-USDT-SWAP
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $31.94
- Price spread: +0.064% → +0.034%
- $3
- Slippage, 4 orders
- −$80.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$56.05
- Costs to cover
- 0.910%
- Break-even
- 19.3 days
Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 31 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, 5 min ago | 1.07 bp | 26.8 bp −$27 | 274.6 bp −$2,746 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 10.83 bp | 19.4 bp −$19 | 119.5 bp −$1,195 | 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 | −0.1362% | 1h | 0.04686 | −0.085% | $14K | $234K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04696 | +0.128% | $3K | $140K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0137% | 1h | 0.04691 | +0.021% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0056% | 4h | 0.04690 | long leg | $2.0M | $9.3M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04691 | +0.028% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0010% | 1h | 0.04694 | +0.092% | $87 | $39K | 5x | as long as short |
| Bybit CHIPUSDT | +0.0017% | 4h | 0.04694 | +0.085% | $10.9M | $8.9M | 20x | as long as short |
| MEXC CHIP_USDT | +0.0046% | 4h | 0.04689 | −0.021% | $1.8M | $1.1M | 50x | as long as short |
| Extended CHIP-USD | +0.0048% | 1h | 0.04689 | −0.019% | $214K | $1.3M | 5x | as long as short |
| Binance CHIPUSDT | +0.0053% | 4h | 0.04692 | +0.043% | $14.1M | $26.1M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Bybit CHIPUSDT
MEXC CHIP_USDT
Extended CHIP-USD
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | +0.0068% | 4h | 0.04679 | −0.235% | $551K | $66K | 50x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04693 | +0.064% | $87K | $108K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04704 | +0.307% | $14.8M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04692 | +0.035% | $50K | $237K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04694 | +0.083% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04691 | +0.021% | $694K | $912K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04691 | +0.021% | $988K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04691 | +0.021% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04692 | +0.043% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04678 | −0.257% | $877K | $468K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04682 | −0.171% | $705 | $1.1M | 10x | as long as short |
| Nado CHIP-PERP | +0.0264% | 1h | 0.04689 | −0.011% | $235K | $18K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0840% | 1h | 0.04739 | +1.038% | $46K | $41K | 50x | as long as short |
BloFin CHIP-USDT
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Nado CHIP-PERP
Coinbase International CHIP-PERP-INTX