CHIP

Alert

Funding spread now, next payment 19:00 UTC+0.0596%/8h

paid, last 24h+0.249%paid, last 3 days+1.023%to open and closeno order book

Long on Variational Omni Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CHIP	0.04599	0.0100	pay 0.0050% / 4h	58m 09s	$879K	$377K	—
Short	Coinbase International CHIP-PERP-INTX	0.04613	0.0696	get 0.0087% / 1h	58m 09s	$45K	$39K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Coinbase InternationalbpOrdersRate

Funding earned: $125.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $115.16
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.308%
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 Variational Omni RFQ quote, 37 min ago	5.50 bp	doesn't fit	166.1 bp −$1,661	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Phoenix CHIP	−0.0177%	1h	$3K	$143K	5x	as long as short
Backpack CHIP_USDC_PERP	−0.0086%	1h	$18K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0056%	1h	$13K	$248K	50x	as long as short
Nado CHIP-PERP	−0.0039%	1h	$230K	$18K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	$10K	$24K	10x	as long as short
Aftermath Perps CHIPUSD	+0.0038%	1h	$150	$40K	5x	as long as short
OKX CHIP-USDT-SWAP	+0.0040%	4h	$1.9M	$8.9M	20x	as long as short
BloFin CHIP-USDT	+0.0054%	4h	$555K	$75K	50x	as long as short
Lighter CHIP	+0.0096%	1h	$86K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	$14.7M	$6.3M	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster CHIPUSDT	+0.0100%	4h	$39K	$216K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	$13K	$812	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	$14.0M	$24.6M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	$10.8M	$8.5M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	$690K	$862K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	$995K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	$2.0M	$2.8M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	—	$1.9M	—	as long as short
Variational Omni CHIPlong	+0.0100%	4h	$879K	$377K	—
SunX CHIP-USDT	+0.0100%	4h	$694	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	$210K	$1.3M	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0696%	1h	$45K	$39K	50x