Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.021%
Price spread now: Hyperliquid against Lighter+0.417%7-day average +0.167% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$870.872% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−0.271%−$27 · spread now +0.417%, 7d avg +0.167%
=Together, before fees−0.090%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$9 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: Hyperliquid is 0.250% dearer against Lighter than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.167%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04673 | 0.0096 | pay 0.0012% / 1h | 10m 57s | $87K | $108K | 3x |
| Short | Hyperliquid CHIP | 0.04693 | 0.0100 | get 0.0013% / 1h | 10m 57s | $14.7M | $6.5M | 3x |
Lighter CHIP
Hyperliquid CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $0.84
- Price spread: +0.417% → +0.167%
- $25.04
- Slippage, 4 orders
- −$78.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$61.36
- Costs to cover
- 0.872%
- Break-even
- 518.3 days
Slippage from Lighter: live order book, 44 min ago; Hyperliquid: live order book, 12 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 Lighter live order book, 44 min ago | 16.21 bp | 31.4 bp −$31 | 119.2 bp −$1,192 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 1.39 bp | 16.7 bp −$17 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.0784% | 1h | 0.04671 | −0.043% | $14K | $229K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0273% | 1h | 0.04674 | +0.021% | $17K | $249K | 50x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04677 | +0.086% | $3K | $140K | 5x | as long as short |
| Nado CHIP-PERP | −0.0138% | 1h | 0.04674 | +0.032% | $234K | $18K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0001% | 4h | 0.04680 | +0.150% | $1.9M | $9.1M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04675 | +0.036% | $10K | $24K | 10x | as long as short |
| BloFin CHIP-USDT | +0.0066% | 4h | 0.04677 | +0.086% | $550K | $65K | 50x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04673 | long leg | $87K | $108K | 3x | |
| Hyperliquid CHIPshort | +0.0100% | 1h | 0.04693 | +0.417% | $14.7M | $6.5M | 3x | |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04671 | −0.052% | $49K | $238K | 5x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
BloFin CHIP-USDT
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04682 | +0.184% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04681 | +0.171% | $14.1M | $26.0M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04683 | +0.214% | $10.9M | $8.6M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04672 | −0.021% | $692K | $911K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04672 | −0.021% | $1.8M | $1.2M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04673 | 0.000% | $977K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04680 | +0.150% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04681 | +0.171% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04677 | +0.080% | $879K | $458K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04675 | +0.043% | $839 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04671 | −0.044% | $212K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0308% | 1h | 0.04672 | −0.029% | $145 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04696 | +0.503% | $45K | $40K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX