CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.001%

Price spread now: Lighter against MEXC+0.043%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$630.633% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.043%, 7d avg +0.026%

Together, before fees−0.112%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CHIP_USDT	0.04664	0.0076	pay 0.0038% / 4h	19m 36s	$1.8M	$1.1M	50x
Short	Lighter CHIP	0.04666	0.0096	get 0.0012% / 1h	19m 36s	$86K	$108K	3x

Funding history

latest

Range statsloading…

Lighter against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee MEXCbpFee LighterbpOrdersPrice spread, now +0.043%Rate

Slippage from MEXC: live order book, 2 min ago; Lighter: live order book, 40 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	2.14 bp	11.0 bp −$11	58.8 bp −$588	252.9 bp −$25.3K	795.5 bp −$397.7K
Sell Lighter live order book, 40 min ago	10.83 bp	19.4 bp −$19	119.5 bp −$1,195	doesn't fit	doesn't fit

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	−0.1403%	1h	0.04661	−0.064%	$14K	$235K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04664	0.000%	$3K	$140K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0127%	1h	0.04666	+0.043%	$14K	$249K	50x	as long as short
OKX CHIP-USDT-SWAP	−0.0062%	4h	0.04666	+0.043%	$1.9M	$9.2M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04665	+0.028%	$10K	$24K	10x	as long as short
Bybit CHIPUSDT	+0.0031%	4h	0.04668	+0.086%	$10.9M	$8.9M	20x	as long as short
MEXC CHIP_USDTlong	+0.0076%	4h	0.04664	long leg	$1.8M	$1.1M	50x
Extended CHIP-USD	+0.0080%	1h	0.04665	+0.024%	$212K	$1.3M	5x	as long as short
Binance CHIPUSDT	+0.0082%	4h	0.04666	+0.043%	$14.0M	$26.1M	50x	as long as short
Lighter CHIPshort	+0.0096%	1h	0.04666	+0.043%	$86K	$108K	3x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	0.04680	+0.354%	$14.7M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04663	−0.014%	$49K	$239K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04666	+0.047%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04668	+0.086%	$690K	$913K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04666	+0.043%	$984K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04668	+0.086%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04667	+0.064%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04670	+0.126%	$875K	$468K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04658	−0.129%	$703	$1.1M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0109%	1h	0.04680	+0.338%	$87	$39K	5x	as long as short
BloFin CHIP-USDT	+0.0114%	4h	0.04668	+0.086%	$550K	$66K	50x	as long as short
Nado CHIP-PERP	+0.0185%	1h	0.04666	+0.054%	$233K	$18K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0840%	1h	0.04715	+1.098%	$45K	$40K	50x	as long as short