Funding you earn now, next payment 01:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.073%
Price spread now: Binance against Deribit−0.226%7-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 −$16 a day on $10k at the current rate, and Binance is 0.226% cheaper against Deribit than usual: you would sell low and buy high (−$23 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 | Deribit CHIP_USDC-PERPETUAL | 0.04653 | 0.0632 | pay 0.0079% / 1h | 59m 25s | $10K | $24K | 10x |
| Short | Binance CHIPUSDT | 0.04642 | 0.0100 | get 0.0050% / 4h | 3h 59m | $14.0M | $26.2M | 50x |
Deribit CHIP_USDC-PERPETUAL
Binance CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$111.71
- Price spread: −0.226% → 0.000%
- −$22.64
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$151.36
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 12 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 1.08 bp | 20.7 bp −$21 | 81.6 bp −$816 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1145% | 1h | 0.04651 | −0.039% | $15K | $236K | 5x | as long as short |
| Nado CHIP-PERP | −0.0186% | 1h | 0.04643 | −0.200% | $232K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04660 | +0.155% | $3K | $137K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0073% | 1h | 0.04661 | +0.176% | $14K | $248K | 50x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0033% | 4h | 0.04639 | −0.297% | $1.9M | $9.2M | 20x | as long as short |
| BloFin CHIP-USDT | +0.0046% | 4h | 0.04660 | +0.155% | $549K | $66K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04647 | −0.125% | $86K | $108K | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04649 | −0.082% | $46K | $241K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04647 | −0.123% | $13K | $628 | 3x | as long as short |
| Binance CHIPUSDTshort | +0.0100% | 4h | 0.04642 | −0.226% | $14.0M | $26.2M | 50x |
Backpack CHIP_USDC_PERP
Nado CHIP-PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
BloFin CHIP-USDT
Lighter CHIP
Aster CHIPUSDT
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04648 | −0.103% | $10.8M | $8.9M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04652 | −0.017% | $686K | $898K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04644 | −0.189% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04648 | −0.103% | $981K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04646 | −0.146% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04644 | −0.189% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04659 | +0.141% | $873K | $469K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04640 | −0.275% | $1K | $1.1M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04643 | −0.219% | $211K | $1.3M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0303% | 1h | 0.04657 | +0.080% | $140 | $39K | 5x | as long as short |
| Hyperliquid CHIP | +0.0442% | 1h | 0.04660 | +0.150% | $14.7M | $6.8M | 3x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | +0.0632% | 1h | 0.04653 | long leg | $10K | $24K | 10x | |
| Coinbase International CHIP-PERP-INTX | +0.0928% | 1h | 0.04715 | +1.341% | $45K | $40K | 50x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Hyperliquid CHIP
Coinbase International CHIP-PERP-INTX