Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.036%
Price spread now: Lighter against Bybit−0.084%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1421.423% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.084%, 7d avg −0.031%
=Together, before fees+0.111%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.053% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CHIPUSDT | 0.04748 | 0.0100 | pay 0.0050% / 4h | 2h 17m | $10.7M | $8.6M | 20x |
| Short | Lighter CHIP | 0.04744 | 0.0096 | get 0.0012% / 1h | 17m 51s | $99K | $106K | 3x |
Bybit CHIPUSDT
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.084% → −0.031%
- −$5.29
- Slippage, 4 orders
- −$131.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$148.45
- Costs to cover
- 1.423%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 27 min ago.
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, 3 min ago | 2.12 bp | 33.6 bp −$34 | 124.0 bp −$1,240 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 27 min ago | 31.83 bp | 33.2 bp −$33 | 124.6 bp −$1,246 | doesn't fit | doesn't fit |
CHIP on 23 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0346% | 1h | 0.04727 | −0.442% | $16K | $247K | 50x | as long as short |
| Phoenix CHIP | −0.0169% | 1h | 0.04723 | −0.527% | $3K | $125K | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.0099% | 1h | 0.04726 | −0.468% | $92 | $34K | 5x | as long as short |
| Nado CHIP-PERP | −0.0015% | 1h | 0.04736 | −0.242% | $240K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04740 | −0.162% | $10K | $13K | 10x | as long as short |
| OKX CHIP-USDT-SWAP | +0.0036% | 4h | 0.04746 | −0.042% | $2.2M | $9.2M | 20x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04744 | −0.084% | $99K | $106K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04753 | +0.114% | $14.5M | $5.4M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04747 | −0.023% | $49K | $273K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04740 | −0.168% | $16K | $4K | 3x | as long as short |
ApeX Omni CHIPUSDT
Phoenix CHIP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04747 | −0.026% | $14.2M | $26.2M | 50x | as long as short |
| Bybit CHIPUSDTlong | +0.0100% | 4h | 0.04748 | long leg | $10.7M | $8.6M | 20x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04747 | −0.021% | $712K | $970K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04746 | −0.042% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04746 | −0.042% | $982K | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04746 | −0.042% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04748 | 0.000% | — | $1.8M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04745 | −0.063% | $27K | $189K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04725 | −0.494% | $870K | $502K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04736 | −0.253% | $940 | $959K | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04744 | −0.093% | $217K | $1.7M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0142% | 4h | 0.04728 | −0.421% | $568K | $117K | 50x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.1552% | 1h | 0.04756 | +0.173% | $45K | $35K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Coinbase International CHIP-PERP-INTX