CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0744%/8h= +81.5% APRnext payment +$0.93 per $10,000 · paid last 24h +0.247%

Price spread now: Coinbase International against Lighter+0.666%7-day average — · you sell dearer than you buy

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

Long on Lighter 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 0.666% dearer against Lighter than usual: you sell high and buy low: +$67 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	Lighter CHIP	0.04684	0.0096	pay 0.0012% / 1h	25m 13s	$87K	$108K	3x
Short	Coinbase International CHIP-PERP-INTX	0.04715	0.0840	get 0.0105% / 1h	25m 13s	$45K	$40K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.666%Rate

Funding earned: $156.24
Price spread: +0.666% → 0.000%: $66.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $212.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 34 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 Lighter live order book, 34 min ago	10.83 bp	21.1 bp −$21	118.7 bp −$1,187	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	−0.1366%	1h	0.04682	−0.043%	$14K	$236K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04684	0.000%	$3K	$140K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0145%	1h	0.04683	−0.021%	$14K	$248K	50x	as long as short
OKX CHIP-USDT-SWAP	−0.0063%	4h	0.04678	−0.128%	$1.9M	$9.3M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04688	+0.081%	$10K	$24K	10x	as long as short
Bybit CHIPUSDT	+0.0013%	4h	0.04684	0.000%	$10.9M	$8.9M	20x	as long as short
BloFin CHIP-USDT	+0.0013%	4h	0.04683	−0.021%	$553K	$67K	50x	as long as short
Aftermath Perps CHIPUSD	+0.0041%	1h	0.04691	+0.151%	$87	$39K	5x	as long as short
MEXC CHIP_USDT	+0.0058%	4h	0.04681	−0.064%	$1.8M	$1.1M	50x	as long as short
Binance CHIPUSDT	+0.0060%	4h	0.04680	−0.085%	$14.1M	$26.2M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CHIP-USD	+0.0064%	1h	0.04680	−0.083%	$214K	$1.3M	5x	as long as short
Lighter CHIPlong	+0.0096%	1h	0.04684	long leg	$87K	$108K	3x
Hyperliquid CHIP	+0.0100%	1h	0.04692	+0.171%	$14.8M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04680	−0.081%	$50K	$238K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04684	+0.006%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04687	+0.064%	$693K	$913K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04682	−0.043%	$987K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04682	−0.043%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04680	−0.085%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04685	+0.031%	$879K	$468K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04681	−0.064%	$633	$1.1M	10x	as long as short
Nado CHIP-PERP	+0.0228%	1h	0.04678	−0.117%	$234K	$18K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0840%	1h	0.04715	+0.666%	$45K	$40K	50x