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CHIP

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Funding spread now, next payment 17:00 UTC−0.1568%/8h
next payment, per $10,000−$1.96paid, last 24h−0.141%paid, last 5 days−0.053%to open and closeno order book
Long on DeribitShort on ApeX Omni
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.053% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit CHIP_USDC-PERPETUAL0.046670.0737pay 0.0092% / 1h15m 51s$10K$25K10x
ShortApeX Omni CHIPUSDT0.04641−0.0831pay 0.0104% / 1h15m 51s$13K$247K50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$329.23
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$346.23
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 27 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.557%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample—————
Sell ApeX Omni live order book, 27 min ago8.56 bp16.1 bp −$16127.6 bp −$1,276doesn't fitdoesn't fit
Deribit: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni CHIPUSDTshort−0.0831%1h$13K$247K50x
Backpack CHIP_USDC_PERP−0.0369%1h$17K$237K5xas long as short
Bybit CHIPUSDT−0.0267%4h$11.0M$10.4M20xas long as short
Phoenix CHIP−0.0171%1h$3K$178K5xas long as short
Nado CHIP-PERP−0.0065%1h$233K$17K5xas long as short
Aftermath Perps CHIPUSD−0.0035%1h$73$41K5xas long as short
Gate CHIP_USDT+0.0026%4h$691K$878K50xas long as short
OKX CHIP-USDT-SWAP+0.0037%4h$1.9M$9.8M20xas long as short
Extended CHIP-USD+0.0040%1h$212K$1.3M5xas long as short
MEXC CHIP_USDT+0.0040%4h$2.0M$1.4M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance CHIPUSDT+0.0041%4h$14.3M$26.7M50xas long as short
BloFin CHIP-USDT+0.0091%4h$571K$160K50xas long as short
Lighter CHIP+0.0096%1h$87K$112K3xas long as short
Hyperliquid CHIP+0.0100%1h$15.0M$7.1M3xas long as short
Aster CHIPUSDT+0.0100%4h$45K$216K5xas long as short
Pacifica CHIP+0.0100%1h$13K$7843xas long as short
KuCoin CHIPUSDTM+0.0100%4h$994K$1.3M50xas long as short
Bitget CHIPUSDT+0.0100%4h$1.9M$2.9M50xas 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$812$1.1M10xas long as short
Deribit CHIP_USDC-PERPETUALlong+0.0737%1h$10K$25K10x
Coinbase International CHIP-PERP-INTX+0.1064%1h$51K$35K50xas long as short