CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0716%/8h= +78.4% APRnext payment +$0.89 per $10,000 · paid last 24h +0.225%

Price spread now: Coinbase International against Hyperliquid+3.463%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Coinbase International

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Coinbase International is 3.463% dearer against Hyperliquid than usual: you sell high and buy low: +$346 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CHIP	0.04597	0.0100	pay 0.0013% / 1h	32m 34s	$14.8M	$6.6M	3x
Short	Coinbase International CHIP-PERP-INTX	0.04757	0.0816	get 0.0102% / 1h	32m 34s	$46K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now +3.463%Rate

Funding earned: $150.36
Price spread: +3.463% → 0.000%: $346.29
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $477.65
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 10 min ago; Coinbase International: no order-book sample. 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 Hyperliquid live order book, 10 min ago	0.65 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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: 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
Backpack CHIP_USDC_PERP	−0.1630%	1h	0.04586	−0.246%	$16K	$233K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0721%	1h	0.04577	−0.442%	$14K	$249K	50x	as long as short
Bybit CHIPUSDT	−0.0392%	4h	0.04595	−0.050%	$10.7M	$8.9M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0251%	1h	0.04591	−0.148%	$10K	$24K	10x	as long as short
OKX CHIP-USDT-SWAP	−0.0199%	4h	0.04592	−0.115%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0186%	1h	0.04589	−0.181%	$230K	$18K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04587	−0.224%	$3K	$143K	5x	as long as short
BloFin CHIP-USDT	−0.0171%	4h	0.04586	−0.246%	$544K	$66K	50x	as long as short
Binance CHIPUSDT	−0.0116%	4h	0.04588	−0.198%	$13.8M	$25.7M	50x	as long as short
Extended CHIP-USD	−0.0112%	1h	0.04591	−0.138%	$209K	$1.3M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CHIP_USDT	−0.0110%	4h	0.04589	−0.181%	$1.8M	$1.2M	50x	as long as short
Aster CHIPUSDT	−0.0053%	4h	0.04593	−0.101%	$43K	$229K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0015%	1h	0.04583	−0.304%	$130	$39K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04592	−0.115%	$85K	$110K	3x	as long as short
Hyperliquid CHIPlong	+0.0100%	1h	0.04597	long leg	$14.8M	$6.6M	3x
Pacifica CHIP	+0.0100%	1h	0.04593	−0.104%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04591	−0.137%	$690K	$899K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04593	−0.094%	$985K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04594	−0.072%	$2.0M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04590	−0.159%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04575	−0.478%	$834K	$462K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04583	−0.311%	$790	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0816%	1h	0.04757	+3.463%	$46K	$41K	50x