CHIP

Alert

Funding spread now, next payment 16:00 UTC−0.0968%/8h

next payment, per $10,000−$1.21paid, last 24h−0.252%paid, last 5 days−0.947%to open and closeno order book

Long on Coinbase International Short on Lighter

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CHIP-PERP-INTX	0.04698	0.1064	pay 0.0133% / 1h	18m 07s	$51K	$35K	50x
Short	Lighter CHIP	0.04653	0.0096	get 0.0012% / 1h	18m 07s	$87K	$112K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersRate

Funding earned: −$203.28
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$213.28
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.958%
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 Coinbase International no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	9.65 bp	10.7 bp −$11	114.9 bp −$1,149	doesn't fit	doesn't fit

Coinbase International: 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
ApeX Omni CHIPUSDT	−0.0747%	1h	$13K	$248K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0399%	1h	$17K	$237K	5x	as long as short
Bybit CHIPUSDT	−0.0393%	4h	$11.0M	$10.5M	20x	as long as short
Phoenix CHIP	−0.0171%	1h	$3K	$178K	5x	as long as short
Nado CHIP-PERP	−0.0061%	1h	$233K	$17K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0023%	1h	$73	$41K	5x	as long as short
Gate CHIP_USDT	−0.0020%	4h	$689K	$877K	50x	as long as short
OKX CHIP-USDT-SWAP	+0.0030%	4h	$1.9M	$9.8M	20x	as long as short
Extended CHIP-USD	+0.0040%	1h	$211K	$1.3M	5x	as long as short
Binance CHIPUSDT	+0.0041%	4h	$14.2M	$26.7M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC CHIP_USDT	+0.0048%	4h	$2.0M	$1.4M	50x	as long as short
BloFin CHIP-USDT	+0.0080%	4h	$564K	$159K	50x	as long as short
Lighter CHIPshort	+0.0096%	1h	$87K	$112K	3x
Hyperliquid CHIP	+0.0100%	1h	$15.0M	$7.1M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	$45K	$216K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	$13K	$784	3x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$990K	$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	$912K	$445K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$788	$1.1M	10x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0545%	1h	$10K	$25K	10x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.1064%	1h	$51K	$35K	50x