CHIP

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.105%

7d average—if it closes, per $10,000$10funding while held, a day+$3.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CHIP_USDC-PERPETUAL	0.04572	0	get 0.0000% / 1h	16m 45s	$10K	$24K	10x
Short	Pacifica CHIP	0.04567	0.0100	get 0.0013% / 1h	16m 45s	$13K	$812	3x

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 PacificabpOrdersClose when spread is

Spread captured: −$10.5
Funding while held: $3
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.5
Spread needed to break even: 0.150%

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

Cost of waiting

funding view

Funding /8h: +0.0100%
Per $10,000 a day: +$3.00
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 Pacifica no order-book sample	—	—	—	—	—

Deribit and Pacifica: 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
Variational Omni CHIP	−0.622%	+0.0100%	4h	$869K	$381K	—	as long as short
Phoenix CHIP	−0.330%	−0.0177%	1h	$3K	$146K	5x	as long as short
ApeX Omni CHIPUSDT	−0.287%	−0.0084%	1h	$13K	$249K	50x	as long as short
Aftermath Perps CHIPUSD	−0.256%	+0.0069%	1h	$155	$40K	5x	as long as short
BloFin CHIP-USDT	−0.221%	+0.0059%	4h	$555K	$91K	50x	as long as short
SunX CHIP-USDT	−0.155%	+0.0100%	4h	$887	$1.0M	10x	as long as short
Binance CHIPUSDT	−0.112%	+0.0100%	4h	$14.0M	$24.9M	50x	as long as short
Gate CHIP_USDT	−0.112%	+0.0100%	4h	$684K	$867K	50x	as long as short
MEXC CHIP_USDT	−0.112%	+0.0100%	4h	$1.8M	$1.3M	50x	as long as short
Nado CHIP-PERP	−0.112%	−0.0123%	1h	$229K	$18K	5x	as long as short

Show all 23 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica CHIPshort	−0.105%	+0.0100%	1h	$13K	$812	3x
KuCoin CHIPUSDTM	−0.090%	+0.0100%	4h	$987K	$1.2M	50x	as long as short
Backpack CHIP_USDC_PERP	−0.090%	−0.1175%	1h	$18K	$234K	5x	as long as short
BingX CHIP-USDT	−0.068%	+0.0100%	4h	—	$1.9M	—	as long as short
Extended CHIP-USD	−0.050%	+0.0104%	1h	$207K	$1.3M	5x	as long as short
Bybit CHIPUSDT	−0.046%	+0.0100%	4h	$10.7M	$8.8M	20x	as long as short
Aster CHIPUSDT	−0.027%	+0.0100%	4h	$39K	$216K	5x	as long as short
Lighter CHIP	−0.024%	+0.0096%	1h	$85K	$111K	3x	as long as short
Bitget CHIPUSDT	−0.024%	+0.0100%	4h	$2.0M	$2.9M	50x	as long as short
OKX CHIP-USDT-SWAP	−0.002%	+0.0026%	4h	$1.9M	$9.0M	20x	as long as short
Deribit CHIP_USDC-PERPETUALlong	0.000%	0.0000%	1h	$10K	$24K	10x
Hyperliquid CHIP	+0.151%	+0.0100%	1h	$14.6M	$6.6M	3x	as long as short
Coinbase International CHIP-PERP-INTX	+0.435%	+0.0920%	1h	$45K	$39K	50x	as long as short