CHIP

Alert

Funding spread now, next payment 16:00 UTC+0.1064%/8h

next payment, per $10,000+$1.33paid, last 24h+0.150%paid, last 5 days+1.247%to open and closeno order book

Long on Deribit Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04656	0	get 0.0000% / 1h	21m 09s	$10K	$25K	10x
Short	Coinbase International CHIP-PERP-INTX	0.04698	0.1064	get 0.0133% / 1h	21m 09s	$51K	$35K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersRate

Funding earned: $223.44
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $206.44
Break-even: 0.5 days

Slippage unknown: Deribit: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.909%
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 Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Deribit and 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	−0.0768%	1h	$13K	$248K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0354%	1h	$17K	$237K	5x	as long as short
Bybit CHIPUSDT	−0.0342%	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	−0.0043%	1h	$233K	$17K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0009%	1h	$103	$41K	5x	as long as short
Deribit CHIP_USDC-PERPETUALlong	0.0000%	1h	$10K	$25K	10x
BloFin CHIP-USDT	+0.0009%	4h	$564K	$160K	50x	as long as short
OKX CHIP-USDT-SWAP	+0.0035%	4h	$1.9M	$9.8M	20x	as long as short
Extended CHIP-USD	+0.0056%	1h	$212K	$1.3M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0058%	4h	$14.2M	$26.7M	50x	as long as short
MEXC CHIP_USDT	+0.0060%	4h	$2.0M	$1.4M	50x	as long as short
Gate CHIP_USDT	+0.0094%	4h	$691K	$877K	50x	as long as short
Lighter CHIP	+0.0096%	1h	$87K	$111K	3x	as long as short
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	$991K	$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	$913K	$445K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$874	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.1064%	1h	$51K	$35K	50x