Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget+0.170%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$1021.019% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.469%−$47 · spread now +0.170%, 7d avg −0.040%
=Together, before fees−0.532%+ Points / potential airdropLighter: Season 3 · farm board−$53 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.210% dearer against Bitget than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CHIPUSDT | 0.04712 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $2.0M | $3.4M | 50x |
| Short | Lighter CHIP | 0.04720 | 0.0096 | get 0.0012% / 1h | 57m 43s | $97K | $114K | 3x |
Bitget CHIPUSDT
Lighter CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$0.84
- Price spread: +0.170% → −0.040%
- $20.98
- Slippage, 4 orders
- −$89.94
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$81.79
- Costs to cover
- 1.019%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 42 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 Bitget live order book, 5 min ago | 6.33 bp | 22.9 bp −$23 | 72.7 bp −$727 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 42 min ago | 10.75 bp | 19.7 bp −$20 | 110.3 bp −$1,103 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CHIP | −0.0510% | 1h | 0.04745 | +0.700% | $3K | $128K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0312% | 4h | 0.04710 | −0.042% | $2.0M | $9.7M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0291% | 1h | 0.04743 | +0.658% | $16K | $244K | 50x | as long as short |
| Gate CHIP_USDT | −0.0232% | 4h | 0.04725 | +0.276% | $684K | $978K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0036% | 1h | 0.04729 | +0.361% | $34K | $251K | 5x | as long as short |
| Nado CHIP-PERP | −0.0027% | 1h | 0.04721 | +0.191% | $239K | $20K | 5x | as long as short |
| Aster CHIPUSDT | +0.0001% | 4h | 0.04731 | +0.406% | $56K | $279K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0054% | 4h | 0.04722 | +0.212% | $567K | $65K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0092% | 4h | 0.04716 | +0.085% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | +0.0093% | 4h | 0.04717 | +0.116% | $14.2M | $27.0M | 50x | as long as short |
Phoenix CHIP
OKX CHIP-USDT-SWAP
ApeX Omni CHIPUSDT
Gate CHIP_USDT
Backpack CHIP_USDC_PERP
Nado CHIP-PERP
Aster CHIPUSDT
BloFin CHIP-USDT
MEXC CHIP_USDT
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CHIPshort | +0.0096% | 1h | 0.04720 | +0.170% | $97K | $114K | 3x | |
| Extended CHIP-USD | +0.0096% | 1h | 0.04722 | +0.216% | $215K | $1.9M | 5x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04729 | +0.352% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04720 | +0.170% | $16K | $3K | 3x | as long as short |
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04714 | +0.042% | $10.8M | $9.0M | 20x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04717 | +0.106% | $976K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDTlong | +0.0100% | 4h | 0.04712 | long leg | $2.0M | $3.4M | 50x | |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04710 | −0.042% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04751 | +0.831% | $844K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04721 | +0.191% | $770 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0129% | 1h | 0.04741 | +0.607% | $100 | $38K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0173% | 1h | 0.04729 | +0.354% | $10K | $24K | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04765 | +1.125% | $46K | $41K | 50x | as long as short |
Extended CHIP-USD
Hyperliquid CHIP
Pacifica CHIP
Bybit CHIPUSDT
KuCoin CHIPUSDTM
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Deribit CHIP_USDC-PERPETUAL
Coinbase International CHIP-PERP-INTX