Funding you earn now, next payment 23:00 UTC−0.1376%/8h= −150.7% APRnext payment −$1.72 per $10,000 · paid last 24h −0.080%
Price spread now: Backpack against Pacifica−0.108%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Backpack is 0.108% cheaper against Pacifica than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica CHIP | 0.04610 | 0.0100 | pay 0.0013% / 1h | 12m 55s | $13K | $628 | 3x |
| Short | Backpack CHIP_USDC_PERP | 0.04605 | −0.1276 | pay 0.0160% / 1h | 12m 55s | $16K | $234K | 5x |
Pacifica CHIP
Backpack CHIP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- −$289.01
- Price spread: −0.108% → 0.000%
- −$10.85
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$317.85
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Backpack: live order book, 5 min ago. Net counts fees only.
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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 1.09 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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_PERPshort | −0.1276% | 1h | 0.04605 | −0.108% | $16K | $234K | 5x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0466% | 1h | 0.04605 | −0.100% | $10K | $25K | 10x | as long as short |
| Phoenix CHIP | −0.0352% | 1h | 0.04606 | −0.087% | $3K | $143K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0147% | 4h | 0.04601 | −0.195% | $1.9M | $9.1M | 20x | as long as short |
| Aftermath Perps CHIPUSD | −0.0133% | 1h | 0.04608 | −0.034% | $117 | $39K | 5x | as long as short |
| Nado CHIP-PERP | −0.0128% | 1h | 0.04605 | −0.119% | $230K | $18K | 5x | as long as short |
| Binance CHIPUSDT | −0.0043% | 4h | 0.04601 | −0.195% | $13.8M | $26.0M | 50x | as long as short |
| MEXC CHIP_USDT | −0.0042% | 4h | 0.04600 | −0.217% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | −0.0040% | 1h | 0.04602 | −0.172% | $210K | $1.3M | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0006% | 1h | 0.04610 | 0.000% | $14K | $247K | 50x | as long as short |
Deribit CHIP_USDC-PERPETUAL
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aftermath Perps CHIPUSD
Nado CHIP-PERP
Binance CHIPUSDT
MEXC CHIP_USDT
Extended CHIP-USD
ApeX Omni CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | −0.0005% | 4h | 0.04600 | −0.217% | $539K | $67K | 50x | as long as short |
| Bybit CHIPUSDT | +0.0066% | 4h | 0.04606 | −0.087% | $10.7M | $8.9M | 20x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04605 | −0.108% | $85K | $109K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04610 | 0.000% | $14.5M | $6.8M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04609 | −0.027% | $49K | $230K | 5x | as long as short |
| Pacifica CHIPlong | +0.0100% | 1h | 0.04610 | long leg | $13K | $628 | 3x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04609 | −0.022% | $681K | $910K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04605 | −0.108% | $986K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04608 | −0.043% | $2.0M | $3.1M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04603 | −0.152% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04611 | +0.031% | $849K | $455K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04599 | −0.239% | $770 | $1.1M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0824% | 1h | 0.04636 | +0.562% | $45K | $40K | 50x | as long as short |
BloFin CHIP-USDT
Bybit CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX