CHIP

Alert

Funding spread now, next payment 18:00 UTC−0.1097%/8h

next payment, per $10,000−$1.37paid, last 24h−0.322%paid, last 5 days−1.450%to open and closeno order book

Long on Coinbase International Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CHIP-PERP-INTX	0.04592	0.0920	pay 0.0115% / 1h	36m 12s	$45K	$39K	50x
Short	Phoenix CHIP	0.04560	−0.0177	pay 0.0022% / 1h	36m 12s	$3K	$146K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PhoenixbpOrdersRate

Funding earned: −$230.29
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$247.29
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Phoenix: live order book, 48 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.697%
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 Phoenix live order book, 48 min ago	4.40 bp	26.8 bp −$27	71.6 bp −$716	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
Backpack CHIP_USDC_PERP	−0.1001%	1h	$18K	$234K	5x	as long as short
Phoenix CHIPshort	−0.0177%	1h	$3K	$146K	5x
Nado CHIP-PERP	−0.0127%	1h	$228K	$18K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0079%	1h	$10K	$24K	10x	as long as short
OKX CHIP-USDT-SWAP	−0.0012%	4h	$1.9M	$9.0M	20x	as long as short
BloFin CHIP-USDT	+0.0064%	4h	$553K	$92K	50x	as long as short
ApeX Omni CHIPUSDT	+0.0064%	1h	$13K	$249K	50x	as long as short
MEXC CHIP_USDT	+0.0084%	4h	$1.8M	$1.3M	50x	as long as short
Extended CHIP-USD	+0.0088%	1h	$207K	$1.3M	5x	as long as short
Binance CHIPUSDT	+0.0089%	4h	$13.9M	$25.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter CHIP	+0.0096%	1h	$85K	$111K	3x	as long as short
Aftermath Perps CHIPUSD	+0.0100%	1h	$171	$40K	5x	as long as short
Hyperliquid CHIP	+0.0100%	1h	$14.6M	$6.7M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	$39K	$216K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	$13K	$812	3x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	$10.7M	$8.8M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	$685K	$864K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$985K	$1.2M	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	$872K	$405K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$821	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0920%	1h	$45K	$39K	50x