CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.061%

Price spread now: Lighter against Deribit−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.038% cheaper against Deribit than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04699	0	get 0.0000% / 1h	27m 48s	$9K	$24K	10x
Short	Lighter CHIP	0.04697	0.0096	get 0.0012% / 1h	27m 48s	$96K	$114K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee LighterbpOrdersPrice spread, now −0.038%Rate

Funding earned: $20.16
Price spread: −0.038% → 0.000%: −$3.83
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $9.33
Costs to cover: 0.070%
Break-even: 3.8 days

Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 7 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 Lighter live order book, 7 min ago	9.60 bp	28.8 bp −$29	132.2 bp −$1,322	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
Bybit CHIPUSDT	−0.0742%	4h	0.04691	−0.166%	$10.7M	$9.1M	20x	as long as short
Phoenix CHIP	−0.0338%	1h	0.04691	−0.166%	$3K	$137K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0310%	4h	0.04690	−0.187%	$2.0M	$9.6M	20x	as long as short
Backpack CHIP_USDC_PERP	−0.0223%	1h	0.04700	+0.026%	$34K	$229K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0105%	1h	0.04706	+0.153%	$16K	$245K	50x	as long as short
Nado CHIP-PERP	−0.0032%	1h	0.04696	−0.049%	$238K	$18K	5x	as long as short
Deribit CHIP_USDC-PERPETUALlong	0.0000%	1h	0.04699	long leg	$9K	$24K	10x
Gate CHIP_USDT	+0.0014%	4h	0.04699	+0.004%	$675K	$986K	50x	as long as short
BloFin CHIP-USDT	+0.0057%	4h	0.04701	+0.047%	$563K	$65K	50x	as long as short
Aster CHIPUSDT	+0.0066%	4h	0.04702	+0.062%	$56K	$279K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CHIPUSDTM	+0.0074%	4h	0.04700	+0.026%	$973K	$1.1M	50x	as long as short
Lighter CHIPshort	+0.0096%	1h	0.04697	−0.038%	$96K	$114K	3x
Hyperliquid CHIP	+0.0100%	1h	0.04702	+0.074%	$14.6M	$6.2M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04700	+0.026%	$16K	$3K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04693	−0.119%	$14.2M	$27.0M	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04694	−0.102%	$1.7M	$1.2M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04698	−0.017%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04693	−0.123%	—	$2.0M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04704	+0.104%	$832K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04695	−0.081%	$960	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04692	−0.142%	$214K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0160%	1h	0.04697	−0.040%	$124	$37K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0744%	1h	0.04765	+1.409%	$46K	$37K	50x	as long as short