CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0644%/8h= +70.5% APRnext payment +$0.80 per $10,000 · paid last 24h +0.383%

Price spread now: Coinbase International against Backpack+0.868%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Coinbase International

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—needs both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.868% dearer against Backpack than usual: you sell high and buy low: +$87 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack CHIP_USDC_PERP	0.04724	0.0100	pay 0.0013% / 1h	58m 46s	$34K	$251K	5x
Short	Coinbase International CHIP-PERP-INTX	0.04765	0.0744	get 0.0093% / 1h	58m 46s	$46K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. 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 BackpackbpFee Coinbase InternationalbpOrdersPrice spread, now +0.868%Rate

Funding earned: $135.24
Price spread: +0.868% → 0.000%: $86.79
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $202.03
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Backpack: live order book, 59 min ago; Coinbase International: no order-book sample. 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 Backpack live order book, 59 min ago	2.13 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Phoenix CHIP	−0.0510%	1h	0.04745	+0.445%	$3K	$128K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0313%	4h	0.04722	−0.042%	$2.0M	$9.7M	20x	as long as short
ApeX Omni CHIPUSDT	−0.0291%	1h	0.04743	+0.402%	$16K	$244K	50x	as long as short
Nado CHIP-PERP	−0.0042%	1h	0.04735	+0.233%	$240K	$20K	5x	as long as short
Aster CHIPUSDT	+0.0003%	4h	0.04727	+0.070%	$56K	$279K	5x	as long as short
BloFin CHIP-USDT	+0.0054%	4h	0.04722	−0.042%	$567K	$65K	50x	as long as short
Extended CHIP-USD	+0.0088%	1h	0.04718	−0.123%	$215K	$1.9M	5x	as long as short
MEXC CHIP_USDT	+0.0090%	4h	0.04720	−0.085%	$1.8M	$1.2M	50x	as long as short
Binance CHIPUSDT	+0.0090%	4h	0.04720	−0.085%	$14.2M	$27.0M	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04726	+0.042%	$97K	$114K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	0.04729	+0.110%	$14.7M	$6.2M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04740	+0.339%	$16K	$3K	3x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04729	+0.106%	$10.9M	$9.0M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04727	+0.064%	$685K	$977K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04726	+0.042%	$982K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04722	−0.042%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04722	−0.042%	—	$2.0M	—	as long as short
Backpack CHIP_USDC_PERPlong	+0.0100%	1h	0.04724	long leg	$34K	$251K	5x
Variational Omni CHIP	+0.0100%	4h	0.04751	+0.575%	$844K	$527K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04733	+0.191%	$646	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0129%	1h	0.04744	+0.423%	$125	$37K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0744%	1h	0.04765	+0.868%	$46K	$41K	50x
Deribit CHIP_USDC-PERPETUAL	+0.0850%	1h	0.04734	+0.201%	$10K	$24K	10x	as long as short