CHIP

Alert

Funding spread now, next payment 18:00 UTC−0.1399%/8h

paid, last 24h−0.042%paid, last 7 days+0.423%to open and close $10k−$69

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.423% in total (about 22.1% 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	BingX CHIP-USDT	0.04530	0.0100	pay 0.0050% / 4h	1h 59m	—	$1.9M	—
Short	Backpack CHIP_USDC_PERP	0.04529	−0.1299	pay 0.0162% / 1h	59m 28s	$16K	$234K	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BackpackbpOrdersRate

Funding earned: −$293.74
Slippage, 4 orders: −$49.08
Fee BingX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$362.82
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Backpack: live order book, 36 min ago.

Price risk

price view

Price gap now: −0.022%
Avg gap 7d: +0.010%

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 BingX live order book, 10 min ago	6.63 bp	20.0 bp −$20	58.7 bp −$587	doesn't fit	doesn't fit
Sell Backpack live order book, 36 min ago	1.09 bp	12.0 bp −$12	doesn't fit	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_PERPshort	−0.1299%	1h	$16K	$234K	5x
Phoenix CHIP	−0.0345%	1h	$3K	$146K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0303%	1h	$13K	$248K	50x	as long as short
Nado CHIP-PERP	−0.0132%	1h	$227K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0080%	4h	$1.9M	$9.0M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	$10K	$24K	10x	as long as short
Extended CHIP-USD	+0.0024%	1h	$205K	$1.3M	5x	as long as short
MEXC CHIP_USDT	+0.0026%	4h	$2.0M	$1.3M	50x	as long as short
Binance CHIPUSDT	+0.0032%	4h	$13.8M	$25.1M	50x	as long as short
BloFin CHIP-USDT	+0.0072%	4h	$552K	$109K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter CHIP	+0.0096%	1h	$84K	$111K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	$14.5M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	$37K	$212K	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	$847K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$986K	$1.2M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	$1.9M	$2.8M	50x	as long as short
BingX CHIP-USDTlong	+0.0100%	4h	—	$1.9M	—
Variational Omni CHIP	+0.0100%	4h	$847K	$394K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$800	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0121%	1h	$63	$40K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0760%	1h	$44K	$39K	50x	as long as short