Funding you earn now, next payment 05:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h −0.243%
Price spread now: Variational Omni against Coinbase International−0.891%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Variational Omni is 0.891% cheaper against Coinbase International than usual: you would sell low and buy high (−$89 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CHIP-PERP-INTX | 0.04717 | 0.0848 | pay 0.0106% / 1h | 18m 14s | $45K | $37K | 50x |
| Short | Variational Omni CHIP | 0.04675 | 0.0100 | get 0.0050% / 4h | 2h 18m | $823K | $481K | — |
Coinbase International CHIP-PERP-INTX
Variational Omni CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- −$157.08
- Price spread: −0.891% → 0.000%
- −$89.07
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$256.15
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, 31 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 31 min ago | 5.37 bp | doesn't fit | 151.4 bp −$1,514 | doesn't fit | doesn't fit |
Coinbase International: 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 | −0.0706% | 1h | 0.04644 | −1.552% | $16K | $246K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0398% | 4h | 0.04703 | −0.301% | $10.6M | $9.1M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0279% | 4h | 0.04696 | −0.449% | $2.0M | $9.6M | 20x | as long as short |
| Phoenix CHIP | −0.0171% | 1h | 0.04681 | −0.767% | $3K | $129K | 5x | as long as short |
| Nado CHIP-PERP | −0.0106% | 1h | 0.04695 | −0.460% | $238K | $18K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0090% | 1h | 0.04703 | −0.297% | $9K | $24K | 10x | as long as short |
| KuCoin CHIPUSDTM | −0.0036% | 4h | 0.04700 | −0.365% | $987K | $1.2M | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0012% | 1h | 0.04669 | −1.024% | $61 | $37K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0055% | 4h | 0.04694 | −0.492% | $561K | $65K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04702 | −0.322% | $97K | $113K | 3x | as long as short |
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
OKX CHIP-USDT-SWAP
Phoenix CHIP
Nado CHIP-PERP
Deribit CHIP_USDC-PERPETUAL
KuCoin CHIPUSDTM
Aftermath Perps CHIPUSD
BloFin CHIP-USDT
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CHIP | +0.0100% | 1h | 0.04709 | −0.182% | $14.6M | $6.1M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04702 | −0.327% | $55K | $279K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04697 | −0.432% | $16K | $3K | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04698 | −0.402% | $14.1M | $27.1M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04699 | −0.386% | $666K | $981K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04702 | −0.322% | $1.8M | $1.2M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04699 | −0.386% | $2.0M | $3.4M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04701 | −0.343% | — | $1.9M | — | as long as short |
| Backpack CHIP_USDC_PERP | +0.0100% | 1h | 0.04697 | −0.428% | $34K | $234K | 5x | as long as short |
| Variational Omni CHIPshort | +0.0100% | 4h | 0.04675 | −0.891% | $823K | $481K | — | |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04686 | −0.661% | $664 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04697 | −0.422% | $213K | $1.0M | 5x | as long as short |
| Coinbase International CHIP-PERP-INTXlong | +0.0848% | 1h | 0.04717 | long leg | $45K | $37K | 50x |
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
Bitget CHIPUSDT
BingX CHIP-USDT
Backpack CHIP_USDC_PERP
SunX CHIP-USDT
Extended CHIP-USD