CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.045%

Price spread now: Lighter against Aftermath Perps+0.228%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.228% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.228% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CHIPUSD	0.04766	0.0336	pay 0.0042% / 1h	35m 27s	$141	$38K	5x
Short	Lighter CHIP	0.04777	0.0096	get 0.0012% / 1h	35m 27s	$89K	$107K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee LighterbpOrdersPrice spread, now +0.228%Rate

Funding earned: −$50.48
Price spread: +0.228% → 0.000%: $22.84
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.63
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Lighter: live order book, 9 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 9 min ago	10.52 bp	26.5 bp −$26	130.4 bp −$1,304	doesn't fit	doesn't fit

Aftermath Perps: 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_PERP	−0.1171%	1h	0.04787	+0.438%	$28K	$235K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0393%	1h	0.04760	−0.128%	$17K	$245K	50x	as long as short
Bybit CHIPUSDT	−0.0392%	4h	0.04805	+0.816%	$11.1M	$8.9M	20x	as long as short
Phoenix CHIP	−0.0337%	1h	0.04761	−0.107%	$3K	$130K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0177%	4h	0.04796	+0.627%	$2.0M	$9.6M	20x	as long as short
Aster CHIPUSDT	+0.0003%	4h	0.04776	+0.207%	$46K	$266K	5x	as long as short
BloFin CHIP-USDT	+0.0058%	4h	0.04757	−0.191%	$568K	$63K	50x	as long as short
Lighter CHIPshort	+0.0096%	1h	0.04777	+0.228%	$89K	$107K	3x
Hyperliquid CHIP	+0.0100%	1h	0.04803	+0.766%	$15.1M	$6.1M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04780	+0.291%	$14K	$689	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04800	+0.720%	$14.5M	$26.3M	50x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04795	+0.606%	$708K	$946K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04792	+0.543%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04774	+0.166%	$1.0M	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04802	+0.753%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04806	+0.837%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04784	+0.377%	$849K	$528K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04800	+0.711%	$940	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04770	+0.075%	$217K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSDlong	+0.0336%	1h	0.04766	long leg	$141	$38K	5x
Nado CHIP-PERP	+0.0503%	1h	0.04788	+0.449%	$241K	$19K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0831%	1h	0.04814	+1.013%	$10K	$24K	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0832%	1h	0.04788	+0.466%	$46K	$41K	50x	as long as short