CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0996%/8h= +109.0% APRnext payment +$1.24 per $10,000 · paid last 24h +0.115%

Price spread now: Pacifica against Backpack−0.124%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.124% cheaper against Backpack than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 10 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack CHIP_USDC_PERP	0.04604	−0.0896	get 0.0112% / 1h	53m 49s	$14K	$220K	5x
Short	Pacifica CHIP	0.04598	0.0100	get 0.0013% / 1h	53m 49s	$13K	$628	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Backpack. 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 BackpackbpFee PacificabpOrdersPrice spread, now −0.124%Rate

Funding earned: $209.1
Price spread: −0.124% → 0.000%: −$12.38
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $178.72
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: Backpack: live order book, 14 min ago; Pacifica: 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, 14 min ago	1.07 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
ApeX Omni CHIPUSDT	−0.1319%	1h	0.04662	+1.260%	$16K	$251K	50x	as long as short
Backpack CHIP_USDC_PERPlong	−0.0896%	1h	0.04604	long leg	$14K	$220K	5x
Phoenix CHIP	−0.0172%	1h	0.04655	+1.108%	$3K	$129K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0020%	4h	0.04609	+0.109%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0020%	1h	0.04598	−0.130%	$231K	$19K	5x	as long as short
BloFin CHIP-USDT	+0.0078%	4h	0.04587	−0.369%	$544K	$65K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04612	+0.174%	$85K	$108K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04619	+0.319%	$14.5M	$6.4M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04601	−0.063%	$48K	$255K	5x	as long as short
Pacifica CHIPshort	+0.0100%	1h	0.04598	−0.124%	$13K	$628	3x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04613	+0.194%	$13.9M	$26.2M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04612	+0.174%	$10.7M	$8.7M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04607	+0.065%	$675K	$909K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04611	+0.152%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04607	+0.065%	$968K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04610	+0.130%	$1.9M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04609	+0.109%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04631	+0.582%	$870K	$458K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04588	−0.348%	$547	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04610	+0.139%	$213K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0288%	1h	0.04644	+0.865%	$118	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0848%	1h	0.04715	+2.402%	$45K	$40K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.1683%	1h	0.04614	+0.211%	$10K	$24K	10x	as long as short