Funding you earn now, next payment 09:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.035%
Price spread now: OKX against Lighter+0.021%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$920.923% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.021%, 7d avg −0.038%
=Together, before fees−0.148%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.059% dearer against Lighter than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.038%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.058% in total) that is about 7.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04763 | 0.0096 | pay 0.0012% / 1h | 28m 19s | $99K | $106K | 3x |
| Short | OKX CHIP-USDT-SWAP | 0.04764 | −0.0007 | pay 0.0003% / 4h | 3h 28m | $2.2M | $9.6M | 20x |
Lighter CHIP
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$21.58
- Price spread: +0.021% → −0.038%
- $5.86
- Slippage, 4 orders
- −$82.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$108.05
- Costs to cover
- 0.923%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 42 min ago; OKX: live order book, 5 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, 42 min ago | 13.53 bp | 19.7 bp −$20 | 101.8 bp −$1,018 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.10 bp | 27.9 bp −$28 | 208.7 bp −$2,087 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0167% | 1h | 0.04756 | −0.147% | $3K | $122K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0107% | 1h | 0.04764 | +0.019% | $10K | $23K | 10x | as long as short |
| ApeX Omni CHIPUSDT | −0.0093% | 1h | 0.04757 | −0.126% | $16K | $246K | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0070% | 1h | 0.04766 | +0.055% | $268 | $35K | 5x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0007% | 4h | 0.04764 | +0.021% | $2.2M | $9.6M | 20x | |
| KuCoin CHIPUSDTM | +0.0044% | 4h | 0.04760 | −0.063% | $1.0M | $1.2M | 50x | as long as short |
| Nado CHIP-PERP | +0.0072% | 1h | 0.04756 | −0.147% | $241K | $18K | 5x | as long as short |
| Lighter CHIPlong | +0.0096% | 1h | 0.04763 | long leg | $99K | $106K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04764 | +0.031% | $14.7M | $5.9M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04763 | −0.003% | $49K | $275K | 5x | as long as short |
Phoenix CHIP
Deribit CHIP_USDC-PERPETUAL
ApeX Omni CHIPUSDT
Aftermath Perps CHIPUSD
KuCoin CHIPUSDTM
Nado CHIP-PERP
Hyperliquid CHIP
Aster CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04760 | −0.063% | $16K | $4K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04763 | 0.000% | $14.3M | $26.9M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04766 | +0.063% | $10.9M | $9.0M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04759 | −0.084% | $714K | $1.0M | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04763 | 0.000% | $1.9M | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04759 | −0.084% | $2.0M | $3.5M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04756 | −0.147% | — | $1.9M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04765 | +0.042% | $28K | $212K | 5x | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04763 | +0.004% | $917K | $472K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04754 | −0.189% | $665 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04758 | −0.100% | $221K | $1.7M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0115% | 4h | 0.04753 | −0.210% | $577K | $117K | 50x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0896% | 1h | 0.04783 | +0.412% | $46K | $37K | 50x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Coinbase International CHIP-PERP-INTX