Spread before costs (cost unknown: a leg has no order-book sample)−0.507%
7d average—if it closes, per $10,000$51funding while held, a day−$17.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CHIP-PERP-INTX | 0.04613 | 0.0696 | pay 0.0087% / 1h | 56m 58s | $45K | $39K | 50x |
| Short | Deribit CHIP_USDC-PERPETUAL | 0.04590 | 0.0099 | get 0.0012% / 1h | 56m 58s | $10K | $24K | 10x |
Coinbase International CHIP-PERP-INTX
Deribit CHIP_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$50.72
- Funding while held
- −$17.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$85.64
- Spread needed to break even
- 0.170%
Slippage unknown: Coinbase International: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0597%
- Per $10,000 a day
- −$17.92
- Average in range /8h
- —
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Coinbase International and 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 price on every exchange
against the cheapest. Click to use as the short leg.SunX0.04582cheapestAster0.04583+0.015%Backpack0.04583+0.022%Nado0.04584+0.055%Lighter0.04586+0.087%BloFin0.04586+0.087%MEXC0.04587+0.109%Binance0.04587+0.115%Extended0.04587+0.117%OKX0.04588+0.131%KuCoin0.04588+0.131%BingX0.04588+0.131%
SunX
Aster
Backpack
Nado
Lighter
BloFin
MEXC
Binance
Extended
OKX
KuCoin
BingXDeribit0.04590+0.172%
Gate0.04590+0.175%Bitget0.04590+0.175%Bybit0.04591+0.196%Hyperliquid0.04593+0.242%Variational Omni0.04599+0.374%Pacifica0.04600+0.386%ApeX Omni0.04600+0.393%Aftermath Perps0.04603+0.450%Phoenix0.04607+0.546%
Gate
Bitget
Bybit
Hyperliquid
Variational Omni
Pacifica
ApeX Omni
PhoenixCoinbase International0.04613+0.683%
CHIP on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX CHIP-USDT | −0.678% | +0.0100% | 4h | $749 | $1.0M | 10x | as long as short |
| Aster CHIPUSDT | −0.664% | +0.0100% | 4h | $39K | $216K | 5x | as long as short |
| Backpack CHIP_USDC_PERP | −0.657% | −0.0312% | 1h | $18K | $234K | 5x | as long as short |
| Nado CHIP-PERP | −0.624% | −0.0035% | 1h | $229K | $18K | 5x | as long as short |
| Lighter CHIP | −0.592% | +0.0096% | 1h | $85K | $109K | 3x | as long as short |
| BloFin CHIP-USDT | −0.592% | +0.0059% | 4h | $555K | $75K | 50x | as long as short |
| MEXC CHIP_USDT | −0.570% | +0.0100% | 4h | $1.8M | $1.1M | 50x | as long as short |
| Binance CHIPUSDT | −0.564% | +0.0100% | 4h | $14.0M | $24.6M | 50x | as long as short |
| Extended CHIP-USD | −0.562% | +0.0104% | 1h | $208K | $1.3M | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.548% | +0.0042% | 4h | $1.9M | $8.9M | 20x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin CHIPUSDTM | −0.548% | +0.0100% | 4h | $992K | $1.1M | 50x | as long as short |
| BingX CHIP-USDT | −0.548% | +0.0100% | 4h | — | $1.9M | — | as long as short |
| Deribit CHIP_USDC-PERPETUALshort | −0.507% | +0.0099% | 1h | $10K | $24K | 10x | |
| Gate CHIP_USDT | −0.505% | +0.0100% | 4h | $687K | $862K | 50x | as long as short |
| Bitget CHIPUSDT | −0.505% | +0.0100% | 4h | $2.0M | $2.8M | 50x | as long as short |
| Bybit CHIPUSDT | −0.483% | +0.0100% | 4h | $10.8M | $8.5M | 20x | as long as short |
| Hyperliquid CHIP | −0.438% | +0.0100% | 1h | $14.7M | $6.3M | 3x | as long as short |
| Variational Omni CHIP | −0.307% | +0.0100% | 4h | $879K | $377K | — | as long as short |
| Pacifica CHIP | −0.295% | +0.0100% | 1h | $13K | $812 | 3x | as long as short |
| ApeX Omni CHIPUSDT | −0.288% | −0.0049% | 1h | $13K | $249K | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.232% | +0.0040% | 1h | $150 | $39K | 5x | as long as short |
| Phoenix CHIP | −0.137% | −0.0174% | 1h | $3K | $143K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTXlong | 0.000% | +0.0696% | 1h | $45K | $39K | 50x |