Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.091%
Price spread now: Deribit against Bybit−0.082%55s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.082% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CHIPUSDT | 0.04729 | 0.0100 | pay 0.0050% / 4h | 3h 53m | $10.9M | $9.1M | 20x |
| Short | Deribit CHIP_USDC-PERPETUAL | 0.04725 | 0 | get 0.0000% / 1h | 53m 28s | $10K | $24K | 10x |
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- −$21
- Price spread: −0.082% → 0.000%
- −$8.25
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$47.25
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 2.12 bp | 30.6 bp −$31 | 136.2 bp −$1,362 | 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 | −0.0338% | 1h | 0.04733 | +0.085% | $3K | $137K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0307% | 4h | 0.04727 | −0.042% | $2.0M | $9.7M | 20x | as long as short |
| Nado CHIP-PERP | −0.0088% | 1h | 0.04723 | −0.127% | $239K | $20K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0076% | 1h | 0.04734 | +0.106% | $16K | $244K | 50x | as long as short |
| Backpack CHIP_USDC_PERP | −0.0056% | 1h | 0.04725 | −0.085% | $33K | $252K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUALshort | 0.0000% | 1h | 0.04725 | −0.082% | $10K | $24K | 10x | |
| Aster CHIPUSDT | +0.0006% | 4h | 0.04731 | +0.047% | $56K | $279K | 5x | as long as short |
| MEXC CHIP_USDT | +0.0092% | 4h | 0.04725 | −0.085% | $1.8M | $1.2M | 50x | as long as short |
| Binance CHIPUSDT | +0.0095% | 4h | 0.04727 | −0.042% | $14.3M | $27.0M | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04726 | −0.063% | $97K | $114K | 3x | as long as short |
Phoenix CHIP
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Aster CHIPUSDT
MEXC CHIP_USDT
Binance CHIPUSDT
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CHIP-USD | +0.0096% | 1h | 0.04724 | −0.102% | $215K | $1.9M | 5x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04736 | +0.146% | $14.7M | $6.2M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04726 | −0.068% | $16K | $3K | 3x | as long as short |
| Bybit CHIPUSDTlong | +0.0100% | 4h | 0.04729 | long leg | $10.9M | $9.1M | 20x | |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04724 | −0.106% | $684K | $978K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04725 | −0.085% | $981K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04725 | −0.085% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04727 | −0.042% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04708 | −0.451% | $838K | $525K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04717 | −0.254% | $847 | $1.0M | 10x | as long as short |
| BloFin CHIP-USDT | +0.0106% | 4h | 0.04727 | −0.042% | $565K | $65K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0154% | 1h | 0.04730 | +0.021% | $134 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0744% | 1h | 0.04765 | +0.761% | $46K | $41K | 50x | as long as short |
Extended CHIP-USD
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