CHIP

Alert

Funding spread now, next payment 18:00 UTC+0.0717%/8h

next payment, per $10,000+$0.90paid, last 24h+0.143%paid, last 5 days+0.058%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.058% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CHIPUSDT	0.04544	−0.0351	get 0.0044% / 1h	22m 04s	$13K	$247K	50x
Short	Deribit CHIP_USDC-PERPETUAL	0.04549	0.0366	get 0.0046% / 1h	22m 04s	$10K	$24K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee DeribitbpOrdersRate

Funding earned: $150.49
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $133.49
Break-even: 0.8 days

Slippage unknown: ApeX Omni: live order book, 16 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.119%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 ApeX Omni live order book, 16 min ago	8.71 bp	16.0 bp −$16	123.5 bp −$1,235	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERP	−0.1067%	1h	$17K	$235K	5x	as long as short
ApeX Omni CHIPUSDTlong	−0.0351%	1h	$13K	$247K	50x
Phoenix CHIP	−0.0345%	1h	$3K	$178K	5x	as long as short
Nado CHIP-PERP	−0.0151%	1h	$227K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0099%	4h	$1.9M	$9.2M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0059%	1h	$64	$41K	5x	as long as short
Bybit CHIPUSDT	−0.0054%	4h	$10.7M	$9.5M	20x	as long as short
Binance CHIPUSDT	−0.0009%	4h	$13.8M	$25.4M	50x	as long as short
Extended CHIP-USD	−0.0008%	1h	$206K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0008%	4h	$1.9M	$1.4M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin CHIP-USDT	−0.0007%	4h	$557K	$128K	50x	as long as short
Lighter CHIP	+0.0096%	1h	$85K	$112K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	$14.6M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	$42K	$212K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	$13K	$784	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	$673K	$855K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$973K	$1.2M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	$1.8M	$2.8M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	$853K	$443K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$613	$1.1M	10x	as long as short
Deribit CHIP_USDC-PERPETUALshort	+0.0366%	1h	$10K	$24K	10x
Coinbase International CHIP-PERP-INTX	+0.0760%	1h	$45K	$40K	50x	as long as short