Funding you earn now, next payment 22:00 UTC+0.0205%/8h= +22.4% APRpaid last 24h −0.095%
Price spread now: Bybit against Deribit+0.067%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.067% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CHIP_USDC-PERPETUAL | 0.04606 | −0.0488 | get 0.0061% / 1h | 28m 19s | $10K | $24K | 10x |
| Short | Bybit CHIPUSDT | 0.04609 | −0.0283 | pay 0.0141% / 4h | 2h 28m | $10.7M | $8.9M | 20x |
Deribit CHIP_USDC-PERPETUAL
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $43.04
- Price spread: +0.067% → 0.000%
- $6.73
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $31.77
- Costs to cover
- 0.180%
- Break-even
- 1.8 days
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 2.18 bp | 39.1 bp −$39 | 145.5 bp −$1,455 | 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 | −0.1375% | 1h | 0.04601 | −0.106% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0663% | 1h | 0.04590 | −0.345% | $14K | $249K | 50x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | −0.0488% | 1h | 0.04606 | long leg | $10K | $24K | 10x | |
| Bybit CHIPUSDTshort | −0.0283% | 4h | 0.04609 | +0.067% | $10.7M | $8.9M | 20x | |
| OKX CHIP-USDT-SWAP | −0.0188% | 4h | 0.04604 | −0.041% | $1.9M | $9.2M | 20x | as long as short |
| Nado CHIP-PERP | −0.0188% | 1h | 0.04600 | −0.117% | $230K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04595 | −0.237% | $3K | $143K | 5x | as long as short |
| BloFin CHIP-USDT | −0.0140% | 4h | 0.04595 | −0.237% | $542K | $66K | 50x | as long as short |
| Extended CHIP-USD | −0.0120% | 1h | 0.04602 | −0.095% | $209K | $1.3M | 5x | as long as short |
| MEXC CHIP_USDT | −0.0118% | 4h | 0.04600 | −0.128% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
BloFin CHIP-USDT
Extended CHIP-USD
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | −0.0117% | 4h | 0.04604 | −0.041% | $13.9M | $25.7M | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.0060% | 1h | 0.04594 | −0.258% | $85 | $39K | 5x | as long as short |
| Aster CHIPUSDT | −0.0043% | 4h | 0.04607 | +0.035% | $43K | $225K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04608 | +0.046% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04610 | +0.087% | $14.8M | $6.6M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04603 | −0.074% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04600 | −0.128% | $691K | $899K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04601 | −0.106% | $983K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04603 | −0.063% | $2.0M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04603 | −0.063% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04597 | −0.187% | $837K | $462K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04602 | −0.085% | $898 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.270% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Aftermath Perps CHIPUSD
Aster CHIPUSDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX