CHIP

Alert

Funding spread now, next payment 16:00 UTC+0.0564%/8h

next payment, per $10,000+$0.70paid, last 24h+0.169%paid, last 5 days+0.181%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.181% in total (about 14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 per $10,000. 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	Phoenix CHIP	0.04663	−0.0171	get 0.0021% / 1h	22m 35s	$3K	$178K	5x
Short	Deribit CHIP_USDC-PERPETUAL	0.04668	0.0393	get 0.0049% / 1h	22m 35s	$10K	$25K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DeribitbpOrdersRate

Funding earned: $118.38
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $104.38
Break-even: 0.8 days

Slippage unknown: Phoenix: live order book, 7 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.112%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phoenix live order book, 7 min ago	4.28 bp	26.1 bp −$26	78.9 bp −$789	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni CHIPUSDT	−0.0768%	1h	$13K	$248K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0323%	1h	$17K	$238K	5x	as long as short
Bybit CHIPUSDT	−0.0275%	4h	$11.1M	$10.5M	20x	as long as short
Phoenix CHIPlong	−0.0171%	1h	$3K	$178K	5x
Nado CHIP-PERP	−0.0040%	1h	$234K	$17K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0008%	1h	$103	$41K	5x	as long as short
OKX CHIP-USDT-SWAP	+0.0054%	4h	$1.9M	$9.9M	20x	as long as short
Binance CHIPUSDT	+0.0061%	4h	$14.3M	$26.7M	50x	as long as short
MEXC CHIP_USDT	+0.0062%	4h	$2.0M	$1.4M	50x	as long as short
Extended CHIP-USD	+0.0064%	1h	$212K	$1.3M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter CHIP	+0.0096%	1h	$87K	$111K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	$15.0M	$7.1M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	$45K	$216K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	$13K	$784	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	$692K	$877K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$993K	$1.3M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	$1.9M	$2.9M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	$913K	$445K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	$864	$1.1M	10x	as long as short
BloFin CHIP-USDT	+0.0122%	4h	$565K	$160K	50x	as long as short
Deribit CHIP_USDC-PERPETUALshort	+0.0393%	1h	$10K	$25K	10x
Coinbase International CHIP-PERP-INTX	+0.1064%	1h	$51K	$35K	50x	as long as short