Funding you earn now, next payment 01:00 UTC−0.0162%/8h= −17.8% APRpaid last 24h −0.068%
Price spread now: Binance against Deribit−0.175%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.175% cheaper against Deribit than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CHIP_USDC-PERPETUAL | 0.04687 | 0.0262 | pay 0.0033% / 1h | 5m 44s | $10K | $24K | 10x |
| Short | Binance CHIPUSDT | 0.04679 | 0.0100 | get 0.0050% / 4h | 3h 05m | $14.1M | $26.0M | 50x |
Deribit CHIP_USDC-PERPETUAL
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$34.08
- Price spread: −0.175% → 0.000%
- −$17.49
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$68.58
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 6 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 1.07 bp | 18.2 bp −$18 | 87.7 bp −$877 | doesn't fit | doesn'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: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.0688% | 1h | 0.04680 | −0.154% | $14K | $229K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0257% | 1h | 0.04679 | −0.175% | $17K | $249K | 50x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04683 | −0.090% | $3K | $140K | 5x | as long as short |
| Nado CHIP-PERP | −0.0132% | 1h | 0.04680 | −0.143% | $234K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | +0.0012% | 4h | 0.04680 | −0.154% | $2.0M | $9.1M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04684 | −0.068% | $87K | $108K | 3x | as long as short |
| BloFin CHIP-USDT | +0.0099% | 4h | 0.04687 | −0.004% | $553K | $66K | 50x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04694 | +0.139% | $14.7M | $6.5M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04685 | −0.055% | $49K | $238K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04682 | −0.111% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Lighter CHIP
BloFin CHIP-USDT
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDTshort | +0.0100% | 4h | 0.04679 | −0.175% | $14.1M | $26.0M | 50x | |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04682 | −0.111% | $10.9M | $8.6M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04685 | −0.047% | $694K | $911K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04679 | −0.175% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04683 | −0.090% | $979K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04685 | −0.047% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04680 | −0.154% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04679 | −0.183% | $879K | $458K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04677 | −0.218% | $829 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04678 | −0.200% | $217K | $1.9M | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | +0.0262% | 1h | 0.04687 | long leg | $10K | $24K | 10x | |
| Aftermath Perps CHIPUSD | +0.0304% | 1h | 0.04684 | −0.070% | $87 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +0.585% | $45K | $40K | 50x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX