CHIP

Alert

Funding spread now, next payment 19:00 UTC+0.1589%/8h

next payment, per $10,000+$1.99paid, last 24h+0.135%paid, last 5 days−0.787%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack CHIP_USDC_PERP	0.04523	−0.1332	get 0.0166% / 1h	57m 06s	$18K	$235K	5x
Short	Deribit CHIP_USDC-PERPETUAL	0.04531	0.0258	get 0.0032% / 1h	57m 06s	$10K	$24K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee DeribitbpOrdersRate

Funding earned: $333.78
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $316.78
Break-even: 0.4 days

Slippage unknown: Backpack: live order book, 38 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.181%
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 Backpack live order book, 38 min ago	1.09 bp	10.9 bp −$11	doesn't fit	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_PERPlong	−0.1332%	1h	$18K	$235K	5x
ApeX Omni CHIPUSDT	−0.0303%	1h	$13K	$248K	50x	as long as short
Phoenix CHIP	−0.0177%	1h	$3K	$146K	5x	as long as short
Nado CHIP-PERP	−0.0078%	1h	$226K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0072%	4h	$1.9M	$9.0M	20x	as long as short
MEXC CHIP_USDT	+0.0032%	4h	$2.0M	$1.3M	50x	as long as short
Binance CHIPUSDT	+0.0038%	4h	$13.8M	$25.2M	50x	as long as short
Extended CHIP-USD	+0.0040%	1h	$205K	$1.3M	5x	as long as short
BloFin CHIP-USDT	+0.0041%	4h	$551K	$109K	50x	as long as short
Lighter CHIP	+0.0096%	1h	$84K	$111K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	$14.5M	$6.9M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	$37K	$213K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	$13K	$812	3x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	$10.6M	$9.2M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	$674K	$848K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$983K	$1.2M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	$1.8M	$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	$847K	$394K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$597	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0130%	1h	$93	$40K	5x	as long as short
Deribit CHIP_USDC-PERPETUALshort	+0.0258%	1h	$10K	$24K	10x
Coinbase International CHIP-PERP-INTX	+0.0920%	1h	$44K	$39K	50x	as long as short