Funding you earn now, next payment 04:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.035%
Price spread now: Bybit against Hyperliquid−0.122%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1201.201% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.122%, 7d avg −0.122%
=Together, before fees−0.146%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.122%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.231% in total (about -12.1% 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 | Hyperliquid CHIP | 0.04751 | 0.0100 | pay 0.0013% / 1h | 3m 08s | $14.7M | $6.2M | 3x |
| Short | Bybit CHIPUSDT | 0.04745 | −0.0248 | pay 0.0124% / 4h | 3m 08s | $10.9M | $9.1M | 20x |
Hyperliquid CHIP
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- −$73.02
- Price spread: −0.122% → −0.122%
- $0.04
- Slippage, 4 orders
- −$100.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$193.03
- Costs to cover
- 1.201%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Bybit: live order book, 5 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 Hyperliquid live order book, 10 min ago | 1.26 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.10 bp | 41.3 bp −$41 | 135.8 bp −$1,358 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0510% | 1h | 0.04746 | −0.101% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0317% | 4h | 0.04743 | −0.164% | $2.0M | $9.8M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0289% | 1h | 0.04727 | −0.501% | $16K | $244K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0276% | 1h | 0.04749 | −0.038% | $34K | $251K | 5x | as long as short |
| Bybit CHIPUSDTshort | −0.0248% | 4h | 0.04745 | −0.122% | $10.9M | $9.1M | 20x | |
| Nado CHIP-PERP | −0.0118% | 1h | 0.04745 | −0.122% | $240K | $20K | 5x | as long as short |
| Aster CHIPUSDT | −0.0014% | 4h | 0.04744 | −0.150% | $56K | $279K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04748 | −0.065% | $10K | $24K | 10x | as long as short |
| Extended CHIP-USD | +0.0080% | 1h | 0.04741 | −0.203% | $215K | $1.9M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0080% | 4h | 0.04744 | −0.143% | $1.8M | $1.2M | 50x | as long as short |
Phoenix CHIP
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Nado CHIP-PERP
Aster CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0082% | 4h | 0.04742 | −0.185% | $14.3M | $27.0M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04744 | −0.143% | $97K | $117K | 3x | as long as short |
| Hyperliquid CHIPlong | +0.0100% | 1h | 0.04751 | long leg | $14.7M | $6.2M | 3x | |
| Pacifica CHIP | +0.0100% | 1h | 0.04749 | −0.046% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04746 | −0.101% | $687K | $992K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04747 | −0.080% | $986K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04746 | −0.101% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04743 | −0.164% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04723 | −0.592% | $839K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04743 | −0.164% | $975 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDT | +0.0119% | 4h | 0.04740 | −0.227% | $567K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0129% | 1h | 0.04744 | −0.138% | $100 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04759 | +0.168% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Lighter CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX