Funding you earn now, next payment 04:00 UTC+0.0254%/8h= +27.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.203%
Price spread now: Deribit against Backpack+0.015%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CHIP_USDC_PERP | 0.04745 | −0.0254 | get 0.0032% / 1h | 1m 40s | $34K | $251K | 5x |
| Short | Deribit CHIP_USDC-PERPETUAL | 0.04746 | 0 | get 0.0000% / 1h | 1m 40s | $10K | $24K | 10x |
Backpack CHIP_USDC_PERP
Deribit CHIP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Backpack. 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
- $53.42
- Price spread: +0.015% → 0.000%
- $1.48
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $37.89
- Costs to cover
- 0.170%
- Break-even
- 2.0 days
Slippage unknown: Backpack: live order book, 57 min ago; Deribit: no order-book sample. 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 Backpack live order book, 57 min ago | 2.13 bp | 13.3 bp −$13 | doesn't fit | 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: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0510% | 1h | 0.04746 | +0.021% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0315% | 4h | 0.04748 | +0.063% | $2.0M | $9.8M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0289% | 1h | 0.04727 | −0.379% | $16K | $244K | 50x | as long as short |
| Backpack CHIP_USDC_PERPlong | −0.0254% | 1h | 0.04745 | long leg | $34K | $251K | 5x | |
| Bybit CHIPUSDT | −0.0241% | 4h | 0.04749 | +0.084% | $10.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0115% | 1h | 0.04736 | −0.190% | $240K | $20K | 5x | as long as short |
| Aster CHIPUSDT | −0.0003% | 4h | 0.04740 | −0.096% | $56K | $279K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUALshort | 0.0000% | 1h | 0.04746 | +0.015% | $10K | $24K | 10x | |
| Extended CHIP-USD | +0.0080% | 1h | 0.04748 | +0.056% | $215K | $1.9M | 5x | as long as short |
| MEXC CHIP_USDT | +0.0082% | 4h | 0.04747 | +0.042% | $1.8M | $1.2M | 50x | as long as short |
Phoenix CHIP
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Nado CHIP-PERP
Aster CHIPUSDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0086% | 4h | 0.04747 | +0.042% | $14.3M | $27.0M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04749 | +0.084% | $97K | $117K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04752 | +0.143% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04748 | +0.053% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04745 | 0.000% | $687K | $992K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04745 | 0.000% | $986K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04749 | +0.084% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04750 | +0.105% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04723 | −0.471% | $839K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04738 | −0.148% | $804 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDT | +0.0119% | 4h | 0.04740 | −0.105% | $567K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0132% | 1h | 0.04744 | −0.015% | $125 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04759 | +0.291% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX