CHIP

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+1.158%

7d average—if it closes, per $10,000$116funding while held, a day+$21.79

Long on Deribit Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04586	0.0034	pay 0.0004% / 1h	35m 28s	$10K	$24K	10x
Short	Coinbase International CHIP-PERP-INTX	0.04639	0.0760	get 0.0095% / 1h	35m 28s	$45K	$40K	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 Coinbase InternationalbpOrdersClose when spread is

Spread captured: $115.79
Funding while held: $21.79
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $120.59
Spread needed to break even: 0.170%

Slippage unknown: Deribit: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0726%
Per $10,000 a day: +$21.79
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 Coinbase International no order-book sample	—	—	—	—	—

Deribit and 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 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
SunX CHIP-USDT	−0.190%	+0.0100%	4h	$550	$1.1M	10x	as long as short
ApeX Omni CHIPUSDT	−0.081%	−0.0386%	1h	$13K	$247K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.059%	−0.1151%	1h	$17K	$236K	5x	as long as short
Phoenix CHIP	−0.015%	−0.0345%	1h	$3K	$178K	5x	as long as short
Deribit CHIP_USDC-PERPETUALlong	0.000%	+0.0034%	1h	$10K	$24K	10x
Gate CHIP_USDT	+0.028%	+0.0100%	4h	$674K	$850K	50x	as long as short
Pacifica CHIP	+0.037%	+0.0100%	1h	$13K	$784	3x	as long as short
Lighter CHIP	+0.050%	+0.0096%	1h	$86K	$112K	3x	as long as short
Variational Omni CHIP	+0.079%	+0.0100%	4h	$859K	$445K	—	as long as short
Aster CHIPUSDT	+0.081%	+0.0100%	4h	$44K	$211K	5x	as long as short

Show all 23 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.094%	−0.0023%	4h	$14.0M	$25.8M	50x	as long as short
MEXC CHIP_USDT	+0.094%	−0.0022%	4h	$2.0M	$1.4M	50x	as long as short
BloFin CHIP-USDT	+0.094%	+0.0024%	4h	$564K	$136K	50x	as long as short
OKX CHIP-USDT-SWAP	+0.116%	−0.0109%	4h	$1.9M	$9.4M	20x	as long as short
KuCoin CHIPUSDTM	+0.116%	+0.0100%	4h	$982K	$1.3M	50x	as long as short
Bitget CHIPUSDT	+0.116%	+0.0100%	4h	$1.9M	$2.8M	50x	as long as short
Extended CHIP-USD	+0.137%	−0.0024%	1h	$208K	$1.3M	5x	as long as short
Nado CHIP-PERP	+0.137%	−0.0185%	1h	$230K	$18K	5x	as long as short
Bybit CHIPUSDT	+0.159%	−0.0178%	4h	$10.8M	$9.7M	20x	as long as short
BingX CHIP-USDT	+0.159%	+0.0100%	4h	—	$1.9M	—	as long as short
Aftermath Perps CHIPUSD	+0.207%	−0.0107%	1h	$120	$41K	5x	as long as short
Hyperliquid CHIP	+0.307%	+0.0100%	1h	$14.7M	$7.0M	3x	as long as short
Coinbase International CHIP-PERP-INTXshort	+1.158%	+0.0760%	1h	$45K	$40K	50x