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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against Lighter−0.079%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.079%, 7d avg −0.082%
Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CHIP0.047660.0096pay 0.0012% / 1h21m 12s$99K$107K3x
ShortExtended CHIP-USD0.047620.0104get 0.0013% / 1h21m 12s$219K$1.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$1.68
Price spread: −0.079% → −0.082%
$0.31
Slippage, 4 orders
−$101.97
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$104.99
Costs to cover
1.070%
Break-even
444.4 days
Slippage from Lighter: live order book, 63 min ago; Extended: live order book, 2 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 Lighter live order book, 63 min ago7.24 bp22.9 bp −$23110.9 bp −$1,109doesn't fitdoesn't fit
Sell Extended live order book, 2 min ago2.52 bp32.2 bp −$32246.1 bp −$2,461doesn'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
Phoenix CHIP−0.0335%1h0.04759−0.147%$3K$125K5xas long as short
ApeX Omni CHIPUSDT−0.0332%1h0.04763−0.063%$17K$246K50xas long as short
OKX CHIP-USDT-SWAP−0.0175%4h0.04765−0.021%$2.2M$9.6M20xas long as short
Bybit CHIPUSDT−0.0142%4h0.04768+0.042%$10.8M$9.0M20xas long as short
KuCoin CHIPUSDTM−0.0090%4h0.047660.000%$1.0M$1.1M50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0044%1h0.04766+0.004%$10K$23K10xas long as short
Nado CHIP-PERP−0.0007%1h0.04763−0.063%$241K$18K5xas long as short
BloFin CHIP-USDT+0.0052%4h0.04765−0.021%$574K$100K50xas long as short
Aftermath Perps CHIPUSD+0.0053%1h0.04767+0.018%$87$36K5xas long as short
Lighter CHIPlong+0.0096%1h0.04766long leg$99K$107K3x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04772+0.134%$14.7M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04765−0.019%$49K$275K5xas long as short
Pacifica CHIP+0.0100%1h0.04766−0.008%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04761−0.096%$14.3M$26.9M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04762−0.084%$677K$977K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04763−0.063%$1.9M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.047660.000%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04764−0.042%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04761−0.105%$27K$220K5xas long as short
Variational Omni CHIP+0.0100%4h0.04754−0.249%$917K$472Kas long as short
SunX CHIP-USDT+0.0100%4h0.04761−0.105%$495$1.0M10xas long as short
Extended CHIP-USDshort+0.0104%1h0.04762−0.079%$219K$1.9M5x
Coinbase International CHIP-PERP-INTX+0.0920%1h0.04839+1.538%$46K$37K50xas long as short