CHIP

Alert

Funding spread now, next payment 19:00 UTC−0.0919%/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	Bybit CHIPUSDT	0.04522	0.0100	pay 0.0050% / 4h	1h 58m	$10.6M	$9.2M	20x
Short	Backpack CHIP_USDC_PERP	0.04523	−0.0819	pay 0.0102% / 1h	58m 36s	$18K	$235K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BackpackbpOrdersRate

Funding earned: −$193.02
Slippage, 4 orders: −$73.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$287.3
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Backpack: live order book, 37 min ago.

Price risk

price view

Price gap now: +0.022%
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 Bybit live order book, 1 min ago	2.21 bp	31.6 bp −$32	144.9 bp −$1,449	doesn't fit	doesn't fit
Sell Backpack live order book, 37 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	−0.0819%	1h	$18K	$235K	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	+0.0015%	1h	$10K	$24K	10x	as long as short
Extended CHIP-USD	+0.0032%	1h	$205K	$1.3M	5x	as long as short
MEXC CHIP_USDT	+0.0032%	4h	$2.0M	$1.3M	50x	as long as short
Binance CHIPUSDT	+0.0032%	4h	$13.8M	$25.2M	50x	as long as short
BloFin CHIP-USDT	+0.0080%	4h	$552K	$110K	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 CHIPUSDTlong	+0.0100%	4h	$10.6M	$9.2M	20x
Gate CHIP_USDT	+0.0100%	4h	$673K	$847K	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	$854	$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	+0.0920%	1h	$44K	$39K	50x	as long as short