CHIP

Alert

Funding spread now, next payment 18:00 UTC+0.1467%/8h

next payment, per $10,000+$1.83paid, last 24h+0.042%paid, last 5 days−0.479%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 -0.479% in total (about -34.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.83 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	Backpack CHIP_USDC_PERP	0.04598	−0.1367	get 0.0171% / 1h	42m 27s	$17K	$236K	5x
Short	Pacifica CHIP	0.04595	0.0100	get 0.0013% / 1h	42m 27s	$13K	$784	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee PacificabpOrdersRate

Funding earned: $308.03
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $290.03
Break-even: 0.4 days

Slippage unknown: Backpack: live order book, 58 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.059%
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, 58 min ago	3.22 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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	−0.1367%	1h	$17K	$236K	5x
Phoenix CHIP	−0.0345%	1h	$3K	$178K	5x	as long as short
Bybit CHIPUSDT	−0.0315%	4h	$10.8M	$10.3M	20x	as long as short
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	−0.0127%	1h	$130	$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	$209K	$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 CHIPshort	+0.0100%	1h	$13K	$784	3x
Gate CHIP_USDT	+0.0100%	4h	$676K	$848K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$984K	$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	$960	$1.1M	10x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0402%	1h	$10K	$25K	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0760%	1h	$45K	$40K	50x	as long as short