CHIP

Alert

Funding spread now, next payment 17:00 UTC−0.0696%/8h

paid, last 24h−0.101%paid, last 5 days+0.271%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.271% in total (about 21.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04667	0.0737	pay 0.0092% / 1h	15m 37s	$10K	$25K	10x
Short	OKX CHIP-USDT-SWAP	0.04661	0.0040	get 0.0020% / 4h	3h 15m	$1.9M	$9.8M	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee OKXbpOrdersRate

Funding earned: −$146.26
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$163.26
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.129%
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 OKX live order book, 4 min ago	3.23 bp	27.9 bp −$28	228.0 bp −$2,280	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni CHIPUSDT	−0.0831%	1h	$13K	$247K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0369%	1h	$17K	$237K	5x	as long as short
Bybit CHIPUSDT	−0.0267%	4h	$11.0M	$10.4M	20x	as long as short
Phoenix CHIP	−0.0171%	1h	$3K	$178K	5x	as long as short
Nado CHIP-PERP	−0.0065%	1h	$233K	$17K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0035%	1h	$73	$41K	5x	as long as short
Gate CHIP_USDT	+0.0026%	4h	$691K	$878K	50x	as long as short
Extended CHIP-USD	+0.0040%	1h	$212K	$1.3M	5x	as long as short
MEXC CHIP_USDT	+0.0040%	4h	$2.0M	$1.4M	50x	as long as short
OKX CHIP-USDT-SWAPshort	+0.0040%	4h	$1.9M	$9.8M	20x

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0042%	4h	$14.3M	$26.7M	50x	as long as short
BloFin CHIP-USDT	+0.0091%	4h	$571K	$160K	50x	as long as short
Lighter CHIP	+0.0096%	1h	$87K	$112K	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	$994K	$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	$907K	$448K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$812	$1.1M	10x	as long as short
Deribit CHIP_USDC-PERPETUALlong	+0.0737%	1h	$10K	$25K	10x
Coinbase International CHIP-PERP-INTX	+0.1064%	1h	$51K	$35K	50x	as long as short