Settings8H · net · $10k
Funding arb · Price arb /

CHIP

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%
Price spread now: Extended against Hyperliquid−0.307%7-day average −0.254% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$950.953% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.136%−$14 on $10k
Price spread, last 7 days−0.047%−$5 · spread now −0.307%, 7d avg −0.254%
Together, before fees−0.183%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$18 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: Extended is 0.053% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.254%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.047760.0100pay 0.0013% / 1h37m 27s$14.8M$6.0M3x
ShortExtended CHIP-USD0.047610.0104get 0.0013% / 1h37m 27s$216K$1.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.307% → −0.254%
−$5.33
Slippage, 4 orders
−$81.27
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$99.76
Costs to cover
0.953%
Break-even
838.3 days
Slippage from Hyperliquid: live order book, 5 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago2.30 bp16.8 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 1 min ago4.21 bp33.4 bp −$33230.2 bp −$2,302doesn't fitdoesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CHIP_USDC-PERPETUAL−0.0590%1h0.04758−0.381%$10K$24K10xas long as short
Bybit CHIPUSDT−0.0401%4h0.04764−0.251%$10.7M$9.1M20xas long as short
ApeX Omni CHIPUSDT−0.0335%1h0.04773−0.063%$16K$246K50xas long as short
OKX CHIP-USDT-SWAP−0.0202%4h0.04766−0.209%$2.1M$9.8M20xas long as short
Phoenix CHIP−0.0171%1h0.04761−0.314%$3K$128K5xas long as short
Nado CHIP-PERP−0.0122%1h0.04763−0.272%$241K$18K5xas long as short
KuCoin CHIPUSDTM−0.0036%4h0.04757−0.398%$1.0M$1.2M50xas long as short
Aftermath Perps CHIPUSD−0.0021%1h0.04757−0.407%$62$36K5xas long as short
BloFin CHIP-USDT+0.0054%4h0.04759−0.356%$561K$91K50xas long as short
Lighter CHIP+0.0096%1h0.04767−0.188%$99K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIPlong+0.0100%1h0.04776long leg$14.8M$6.0M3x
Aster CHIPUSDT+0.0100%4h0.04763−0.264%$55K$272K5xas long as short
Pacifica CHIP+0.0100%1h0.04763−0.276%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04765−0.230%$14.3M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04760−0.335%$681K$967K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04763−0.272%$1.8M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04765−0.230%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04763−0.272%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04757−0.398%$35K$231K5xas long as short
Variational Omni CHIP+0.0100%4h0.04768−0.164%$863K$504Kas long as short
SunX CHIP-USDT+0.0100%4h0.04750−0.544%$921$1.0M10xas long as short
Extended CHIP-USDshort+0.0104%1h0.04761−0.307%$216K$1.0M5x
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04797+0.429%$46K$38K50xas long as short