Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against Extended+0.122%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.122%, 7d avg +0.082%
=Together, before fees−0.041%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.040% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CHIP-USD | 0.04798 | 0.0104 | pay 0.0013% / 1h | 4m 58s | $219K | $1.9M | 5x |
| Short | Lighter CHIP | 0.04804 | 0.0096 | get 0.0012% / 1h | 4m 58s | $100K | $107K | 3x |
Extended CHIP-USD
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.122% → +0.082%
- $4
- Slippage, 4 orders
- −$111.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$114.07
- Costs to cover
- 1.164%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Lighter: live order book, 19 min ago.
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 Extended live order book, 3 min ago | 3.24 bp | 35.9 bp −$36 | 276.5 bp −$2,765 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 19 min ago | 7.24 bp | 23.0 bp −$23 | 121.0 bp −$1,210 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0394% | 1h | 0.04784 | −0.295% | $17K | $245K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0272% | 4h | 0.04804 | +0.122% | $10.9M | $9.0M | 20x | as long as short |
| Nado CHIP-PERP | −0.0179% | 1h | 0.04798 | +0.008% | $243K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0172% | 4h | 0.04798 | −0.003% | $2.1M | $9.8M | 20x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04783 | −0.315% | $3K | $128K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0054% | 4h | 0.04800 | +0.039% | $1.0M | $1.1M | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04802 | +0.074% | $10K | $23K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0024% | 1h | 0.04804 | +0.118% | $119 | $36K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0069% | 4h | 0.04805 | +0.143% | $577K | $101K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0094% | 1h | 0.04803 | +0.101% | $26K | $235K | 5x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Phoenix CHIP
KuCoin CHIPUSDTM
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
Backpack CHIP_USDC_PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIPshort | +0.0096% | 1h | 0.04804 | +0.122% | $100K | $107K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04809 | +0.224% | $14.9M | $5.9M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04802 | +0.078% | $55K | $275K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04805 | +0.141% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04799 | +0.018% | $14.5M | $27.0M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04804 | +0.122% | $688K | $997K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04800 | +0.039% | $1.8M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04801 | +0.060% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04800 | +0.039% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04807 | +0.188% | $922K | $475K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04801 | +0.060% | $520 | $1.0M | 10x | as long as short |
| Extended CHIP-USDlong | +0.0104% | 1h | 0.04798 | long leg | $219K | $1.9M | 5x | |
| Coinbase International CHIP-PERP-INTX | +0.0952% | 1h | 0.04839 | +0.858% | $46K | $38K | 50x | as long as short |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX