CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1370%/8h= −150.1% APRnext payment −$1.71 per $10,000 · paid last 24h −0.080%

Price spread now: Backpack against Pacifica+0.059%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Backpack

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.059% dearer against Pacifica than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CHIP	0.04590	0.0100	pay 0.0013% / 1h	24m 45s	$13K	$628	3x
Short	Backpack CHIP_USDC_PERP	0.04593	−0.1270	pay 0.0159% / 1h	24m 45s	$16K	$234K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Pacifica. 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

Position, each leg$Hold fordaysFee PacificabpFee BackpackbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$287.79
Price spread: +0.059% → 0.000%: $5.88
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$299.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Backpack: live order book, 58 min ago. Net counts fees only.

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 Pacifica no order-book sample	—	—	—	—	—
Sell Backpack live order book, 58 min ago	2.17 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERPshort	−0.1270%	1h	0.04593	+0.059%	$16K	$234K	5x
Phoenix CHIP	−0.0352%	1h	0.04587	−0.072%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0172%	4h	0.04589	−0.028%	$1.9M	$9.1M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0162%	1h	0.04593	+0.052%	$110	$39K	5x	as long as short
Nado CHIP-PERP	−0.0108%	1h	0.04590	−0.007%	$230K	$18K	5x	as long as short
MEXC CHIP_USDT	−0.0074%	4h	0.04593	+0.059%	$1.8M	$1.2M	50x	as long as short
Extended CHIP-USD	−0.0072%	1h	0.04594	+0.073%	$209K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0070%	4h	0.04592	+0.039%	$13.8M	$26.0M	50x	as long as short
ApeX Omni CHIPUSDT	−0.0049%	1h	0.04598	+0.168%	$14K	$247K	50x	as long as short
BloFin CHIP-USDT	−0.0044%	4h	0.04590	−0.007%	$539K	$67K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CHIPUSDT	+0.0050%	4h	0.04594	+0.081%	$10.7M	$8.9M	20x	as long as short
Aster CHIPUSDT	+0.0089%	4h	0.04594	+0.087%	$48K	$229K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04596	+0.124%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04599	+0.185%	$14.5M	$6.7M	3x	as long as short
Pacifica CHIPlong	+0.0100%	1h	0.04590	long leg	$13K	$628	3x
Gate CHIP_USDT	+0.0100%	4h	0.04595	+0.102%	$677K	$904K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04595	+0.102%	$979K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04596	+0.124%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04593	+0.059%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04597	+0.144%	$846K	$455K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04591	+0.015%	$692	$1.1M	10x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0185%	1h	0.04599	+0.185%	$10K	$25K	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04618	+0.610%	$45K	$39K	50x	as long as short