Funding you earn now, next payment 02:00 UTC+0.0450%/8h= +49.3% APRnext payment +$0.56 per $10,000 · paid last 24h +0.073%
Price spread now: Lighter against ApeX Omni−0.237%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$980.984% of the position
Funding, last 7 days+0.382%+$38 on $10k
+Price spread, last 4 days (all we have)−0.456%−$46 · spread now −0.237%, 7d avg +0.017%
=Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.254% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.237% now, against its 7-day average of +0.017%). If the spread goes back, that is −$25 on $10k: about 45 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.382% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni CHIPUSDT | 0.04644 | −0.0354 | get 0.0044% / 1h | 46m 52s | $16K | $250K | 50x |
| Short | Lighter CHIP | 0.04633 | 0.0096 | get 0.0012% / 1h | 46m 52s | $86K | $108K | 3x |
ApeX Omni CHIPUSDT
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- $94.53
- Price spread: −0.237% → +0.017%
- −$25.41
- Slippage, 4 orders
- −$88.39
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.27
- Costs to cover
- 0.984%
- Break-even
- 9.2 days
Slippage from ApeX Omni: live order book, 20 min ago; Lighter: live order book, 3 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 ApeX Omni live order book, 20 min ago | 8.55 bp | 16.2 bp −$16 | 139.4 bp −$1,394 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 16.13 bp | 32.9 bp −$33 | 136.6 bp −$1,366 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.0613% | 1h | 0.04631 | −0.280% | $14K | $215K | 5x | as long as short |
| ApeX Omni CHIPUSDTlong | −0.0354% | 1h | 0.04644 | long leg | $16K | $250K | 50x | |
| Phoenix CHIP | −0.0172% | 1h | 0.04612 | −0.689% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0010% | 1h | 0.04635 | −0.183% | $233K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0002% | 4h | 0.04635 | −0.194% | $1.9M | $9.1M | 20x | as long as short |
| BloFin CHIP-USDT | +0.0074% | 4h | 0.04644 | 0.000% | $555K | $63K | 50x | as long as short |
| Lighter CHIPshort | +0.0096% | 1h | 0.04633 | −0.237% | $86K | $108K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04641 | −0.062% | $14.5M | $6.4M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04634 | −0.213% | $39K | $255K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04633 | −0.230% | $13K | $628 | 3x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
Nado CHIP-PERP
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04636 | −0.172% | $13.9M | $26.2M | 50x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04638 | −0.129% | $10.8M | $8.7M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04637 | −0.151% | $689K | $944K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04634 | −0.215% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04634 | −0.215% | $970K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04635 | −0.194% | $1.9M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04636 | −0.172% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04648 | +0.081% | $872K | $458K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04633 | −0.237% | $781 | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04630 | −0.295% | $216K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0304% | 1h | 0.04644 | −0.006% | $93 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04715 | +1.520% | $45K | $40K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0937% | 1h | 0.04641 | −0.069% | $10K | $24K | 10x | as long as short |
Binance CHIPUSDT
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUAL