Funding you earn now, next payment 06:00 UTC+0.0390%/8h= +42.7% APRpaid last 24h +0.026%
Price spread now: Lighter against OKX+0.086%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1061.063% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.086%, 7d avg +0.036%
=Together, before fees+0.078%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.050% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.036%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CHIP-USDT-SWAP | 0.04632 | −0.0294 | get 0.0147% / 4h | 2h 30m | $2.0M | $9.5M | 20x |
| Short | Lighter CHIP | 0.04636 | 0.0096 | get 0.0012% / 1h | 30m 38s | $96K | $113K | 3x |
OKX CHIP-USDT-SWAP
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $81.83
- Price spread: +0.086% → +0.036%
- $5.01
- Slippage, 4 orders
- −$96.3
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.46
- Costs to cover
- 1.063%
- Break-even
- 8.7 days
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 64 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 OKX live order book, 2 min ago | 1.08 bp | 32.1 bp −$32 | 278.6 bp −$2,786 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 64 min ago | 9.60 bp | 28.8 bp −$29 | 132.2 bp −$1,322 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0776% | 1h | 0.04632 | 0.000% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0517% | 4h | 0.04636 | +0.086% | $10.5M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0294% | 4h | 0.04632 | long leg | $2.0M | $9.5M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0224% | 1h | 0.04634 | +0.054% | $9K | $24K | 10x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04672 | +0.864% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0080% | 1h | 0.04637 | +0.097% | $235K | $18K | 5x | as long as short |
| KuCoin CHIPUSDTM | −0.0022% | 4h | 0.04635 | +0.065% | $975K | $1.2M | 50x | as long as short |
| Gate CHIP_USDT | +0.0042% | 4h | 0.04637 | +0.108% | $662K | $973K | 50x | as long as short |
| BloFin CHIP-USDT | +0.0057% | 4h | 0.04636 | +0.086% | $556K | $64K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0094% | 4h | 0.04631 | −0.022% | $1.7M | $1.2M | 50x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Phoenix CHIP
Nado CHIP-PERP
KuCoin CHIPUSDTM
Gate CHIP_USDT
BloFin CHIP-USDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0095% | 4h | 0.04632 | 0.000% | $13.9M | $27.1M | 50x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04636 | +0.086% | $96K | $113K | 3x | |
| Extended CHIP-USD | +0.0096% | 1h | 0.04631 | −0.027% | $211K | $1.0M | 5x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04642 | +0.209% | $14.4M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04635 | +0.070% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04635 | +0.073% | $16K | $3K | 3x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04631 | −0.022% | $1.9M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04633 | +0.022% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04636 | +0.092% | $816K | $481K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04631 | −0.022% | $746 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0116% | 1h | 0.04657 | +0.537% | $109 | $37K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | +0.0120% | 1h | 0.04637 | +0.108% | $34K | $235K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04717 | +1.839% | $45K | $37K | 50x | as long as short |
Binance CHIPUSDT
Extended CHIP-USD
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Backpack CHIP_USDC_PERP
Coinbase International CHIP-PERP-INTX