CHIP

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.236%

7d average—if it closes, per $10,000$24funding while held, a day+$2.55

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04532	0.0015	pay 0.0002% / 1h	59m 06s	$10K	$24K	10x
Short	Bitget CHIPUSDT	0.04521	0.0100	get 0.0050% / 4h	1h 59m	$1.9M	$2.8M	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee DeribitbpFee BitgetbpOrdersClose when spread is

Spread captured: −$23.61
Funding while held: $2.55
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.06
Spread needed to break even: 0.190%

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0085%
Per $10,000 a day: +$2.55
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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	7.75 bp	26.4 bp −$26	60.2 bp −$602	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 price on every exchange

against the cheapest. Click to use as the short leg.

CHIP on 23 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC CHIP_USDT	−0.324%	+0.0026%	4h	$2.0M	$1.3M	50x	as long as short
Binance CHIPUSDT	−0.324%	+0.0032%	4h	$13.8M	$25.2M	50x	as long as short
Bitget CHIPUSDTshort	−0.236%	+0.0100%	4h	$1.9M	$2.8M	50x
BingX CHIP-USDT	−0.236%	+0.0100%	4h	—	$1.9M	—	as long as short
KuCoin CHIPUSDTM	−0.214%	+0.0100%	4h	$983K	$1.2M	50x	as long as short
Bybit CHIPUSDT	−0.192%	+0.0100%	4h	$10.6M	$9.2M	20x	as long as short
OKX CHIP-USDT-SWAP	−0.192%	−0.0080%	4h	$1.9M	$9.0M	20x	as long as short
Gate CHIP_USDT	−0.192%	+0.0100%	4h	$673K	$847K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.192%	−0.0819%	1h	$18K	$235K	5x	as long as short
Lighter CHIP	−0.170%	+0.0096%	1h	$84K	$111K	3x	as long as short

Show all 23 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX CHIP-USDT	−0.104%	+0.0100%	4h	$854	$1.0M	10x	as long as short
Aster CHIPUSDT	−0.096%	+0.0100%	4h	$37K	$211K	5x	as long as short
Extended CHIP-USD	−0.092%	+0.0032%	1h	$205K	$1.3M	5x	as long as short
Nado CHIP-PERP	−0.060%	−0.0132%	1h	$227K	$18K	5x	as long as short
Aftermath Perps CHIPUSD	−0.048%	+0.0121%	1h	$63	$40K	5x	as long as short
ApeX Omni CHIPUSDT	−0.038%	−0.0303%	1h	$13K	$248K	50x	as long as short
BloFin CHIP-USDT	−0.038%	+0.0080%	4h	$552K	$110K	50x	as long as short
Pacifica CHIP	−0.020%	+0.0100%	1h	$13K	$812	3x	as long as short
Phoenix CHIP	−0.015%	−0.0345%	1h	$3K	$146K	5x	as long as short
Hyperliquid CHIP	−0.011%	+0.0100%	1h	$14.5M	$6.8M	3x	as long as short
Deribit CHIP_USDC-PERPETUALlong	0.000%	+0.0015%	1h	$10K	$24K	10x
Variational Omni CHIP	+0.071%	+0.0100%	4h	$847K	$394K	—	as long as short
Coinbase International CHIP-PERP-INTX	+0.488%	+0.0920%	1h	$44K	$39K	50x	as long as short