CHIP

Alert

Funding spread now, next payment 18:00 UTC+0.1092%/8h

paid, last 24h+0.020%paid, last 7 days−0.541%to open and close $10k−$94

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.541% in total (about -28.2% a year). A funding rate is set anew for every payment. 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	Backpack CHIP_USDC_PERP	0.04587	−0.1408	get 0.0176% / 1h	42m 00s	$17K	$236K	5x
Short	Bybit CHIPUSDT	0.04591	−0.0315	pay 0.0158% / 4h	2h 42m	$10.8M	$10.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee BybitbpOrdersRate

Funding earned: $229.42
Slippage, 4 orders: −$73.11
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $135.31
Break-even: 2.9 days

Slippage from Backpack: live order book, 58 min ago; Bybit: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.087%
Avg gap 7d: +0.034%

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 Backpack live order book, 58 min ago	3.22 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.09 bp	33.7 bp −$34	149.8 bp −$1,498	doesn't fit	doesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERPlong	−0.1408%	1h	$17K	$236K	5x
Phoenix CHIP	−0.0345%	1h	$3K	$178K	5x	as long as short
Bybit CHIPUSDTshort	−0.0315%	4h	$10.8M	$10.3M	20x
Nado CHIP-PERP	−0.0228%	1h	$230K	$18K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0214%	1h	$13K	$246K	50x	as long as short
Aftermath Perps CHIPUSD	−0.0128%	1h	$129	$41K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0114%	4h	$1.9M	$9.6M	20x	as long as short
BloFin CHIP-USDT	−0.0062%	4h	$563K	$153K	50x	as long as short
Extended CHIP-USD	−0.0032%	1h	$208K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0029%	4h	$14.0M	$26.6M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC CHIP_USDT	−0.0028%	4h	$2.0M	$1.4M	50x	as long as short
Lighter CHIP	+0.0096%	1h	$86K	$112K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	$14.7M	$7.1M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	$44K	$216K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	$13K	$784	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	$675K	$848K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$983K	$1.3M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	$1.9M	$2.9M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	$866K	$452K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$901	$1.1M	10x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0577%	1h	$10K	$25K	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0760%	1h	$45K	$40K	50x	as long as short