Funding you earn now, next payment 06:00 UTC+0.0872%/8h= +95.5% APRnext payment +$1.09 per $10,000 · paid last 24h +0.085%
Price spread now: Lighter against ApeX Omni+0.108%78s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.842% of the position
Funding, last 7 days+0.392%+$39 on $10k
+Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.108%, 7d avg +0.018%
=Together, before fees+0.224%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Lighter is 0.090% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.392% in total (about 20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 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 | 0.04632 | −0.0776 | get 0.0097% / 1h | 30m 02s | $16K | $246K | 50x |
| Short | Lighter CHIP | 0.04637 | 0.0096 | get 0.0012% / 1h | 30m 02s | $96K | $113K | 3x |
ApeX Omni CHIPUSDT
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- $183.17
- Price spread: +0.108% → +0.018%
- $8.97
- Slippage, 4 orders
- −$74.16
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $107.98
- Costs to cover
- 0.842%
- Break-even
- 2.9 days
Slippage from ApeX Omni: live order book, 16 min ago; Lighter: live order book, 64 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 ApeX Omni live order book, 16 min ago | 8.60 bp | 17.1 bp −$17 | 128.7 bp −$1,287 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 64 min ago | 9.60 bp | 28.8 bp −$29 | 132.2 bp −$1,322 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDTlong | −0.0776% | 1h | 0.04632 | long leg | $16K | $246K | 50x | |
| Bybit CHIPUSDT | −0.0560% | 4h | 0.04635 | +0.065% | $10.5M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0304% | 4h | 0.04632 | 0.000% | $2.0M | $9.5M | 20x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04672 | +0.864% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0079% | 1h | 0.04632 | +0.011% | $234K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0073% | 1h | 0.04636 | +0.080% | $9K | $24K | 10x | as long as short |
| KuCoin CHIPUSDTM | −0.0022% | 4h | 0.04635 | +0.065% | $975K | $1.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0042% | 4h | 0.04636 | +0.086% | $662K | $973K | 50x | as long as short |
| BloFin CHIP-USDT | +0.0057% | 4h | 0.04636 | +0.086% | $556K | $64K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0094% | 4h | 0.04631 | −0.022% | $1.7M | $1.2M | 50x | as long as short |
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Phoenix CHIP
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
KuCoin CHIPUSDTM
Gate CHIP_USDT
BloFin CHIP-USDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0095% | 4h | 0.04631 | −0.021% | $13.9M | $27.1M | 50x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04637 | +0.108% | $96K | $113K | 3x | |
| Extended CHIP-USD | +0.0096% | 1h | 0.04630 | −0.038% | $211K | $1.0M | 5x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04640 | +0.173% | $14.4M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04633 | +0.022% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04635 | +0.073% | $16K | $3K | 3x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04631 | −0.022% | $1.9M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04633 | +0.022% | — | $2.0M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04637 | +0.108% | $34K | $235K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04636 | +0.092% | $816K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04632 | 0.000% | $690 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0115% | 1h | 0.04653 | +0.458% | $67 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +1.839% | $45K | $37K | 50x | as long as short |
Binance CHIPUSDT
Extended CHIP-USD
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX