Spread before costs (cost unknown: a leg has no order-book sample)+0.137%
7d average—if it closes, per $10,000$14funding while held, a day+$3.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit CHIP_USDC-PERPETUAL | 0.04534 | 0 | get 0.0000% / 1h | 59m 42s | $10K | $24K | 10x |
| Short | Hyperliquid CHIP | 0.04540 | 0.0118 | get 0.0015% / 1h | 59m 42s | $14.5M | $6.8M | 3x |
Deribit CHIP_USDC-PERPETUAL
Hyperliquid CHIPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $13.67
- Funding while held
- $3.53
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $1.21
- Spread needed to break even
- 0.160%
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0118%
- Per $10,000 a day
- +$3.53
- 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 Hyperliquid live order book, 5 min ago | 1.00 bp | 20.9 bp −$21 | doesn't fit | 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.ApeX Omni0.04514cheapestPhoenix0.04514cheapestBloFin0.04520+0.133%SunX0.04524+0.222%MEXC0.04525+0.244%Binance0.04526+0.276%KuCoin0.04527+0.288%Nado0.04527+0.299%Gate0.04528+0.310%Bitget0.04529+0.332%Backpack0.04529+0.332%Extended0.04529+0.333%Aftermath Perps0.04529+0.334%Aster0.04530+0.347%BingX0.04530+0.354%Pacifica0.04531+0.372%Lighter0.04531+0.377%Bybit0.04532+0.399%OKX0.04532+0.399%
ApeX Omni
Phoenix
BloFin
SunX
MEXC
Binance
KuCoin
Nado
Gate
Bitget
Backpack
Extended
Aster
BingX
Pacifica
Lighter
Bybit
OKXDeribit0.04534+0.441%
Variational Omni0.04535+0.464%
Variational OmniHyperliquid0.04540+0.578%
Coinbase International0.04554+0.882%
Coinbase InternationalCHIP on 23 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.439% | −0.0319% | 1h | $13K | $248K | 50x | as long as short |
| Phoenix CHIP | −0.439% | −0.0345% | 1h | $3K | $178K | 5x | as long as short |
| BloFin CHIP-USDT | −0.307% | +0.0072% | 4h | $552K | $109K | 50x | as long as short |
| SunX CHIP-USDT | −0.218% | +0.0100% | 4h | $800 | $1.0M | 10x | as long as short |
| MEXC CHIP_USDT | −0.196% | +0.0026% | 4h | $2.0M | $1.3M | 50x | as long as short |
| Binance CHIPUSDT | −0.164% | +0.0032% | 4h | $13.8M | $25.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | −0.152% | +0.0100% | 4h | $986K | $1.2M | 50x | as long as short |
| Nado CHIP-PERP | −0.141% | −0.0132% | 1h | $227K | $18K | 5x | as long as short |
| Gate CHIP_USDT | −0.130% | +0.0100% | 4h | $674K | $847K | 50x | as long as short |
| Bitget CHIPUSDT | −0.108% | +0.0100% | 4h | $1.9M | $2.8M | 50x | as long as short |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.108% | −0.1299% | 1h | $16K | $234K | 5x | as long as short |
| Extended CHIP-USD | −0.108% | +0.0024% | 1h | $205K | $1.3M | 5x | as long as short |
| Aftermath Perps CHIPUSD | −0.107% | +0.0110% | 1h | $63 | $40K | 5x | as long as short |
| Aster CHIPUSDT | −0.093% | +0.0100% | 4h | $37K | $212K | 5x | as long as short |
| BingX CHIP-USDT | −0.086% | +0.0100% | 4h | — | $1.9M | — | as long as short |
| Pacifica CHIP | −0.068% | +0.0100% | 1h | $13K | $812 | 3x | as long as short |
| Lighter CHIP | −0.064% | +0.0096% | 1h | $84K | $111K | 3x | as long as short |
| Bybit CHIPUSDT | −0.042% | +0.0100% | 4h | $10.6M | $9.2M | 20x | as long as short |
| OKX CHIP-USDT-SWAP | −0.042% | −0.0084% | 4h | $1.9M | $9.0M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $10K | $24K | 10x | |
| Variational Omni CHIP | +0.023% | +0.0100% | 4h | $847K | $394K | — | as long as short |
| Hyperliquid CHIPshort | +0.137% | +0.0118% | 1h | $14.5M | $6.8M | 3x | |
| Coinbase International CHIP-PERP-INTX | +0.439% | +0.0760% | 1h | $44K | $39K | 50x | as long as short |