Funding you earn now, next payment 22:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.23 per $10,000 · paid last 24h +0.024%
Price spread now: Hyperliquid against Extended+0.128%7-day average +0.246% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1011.008% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.128%, 7d avg +0.246%
=Together, before fees+0.275%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.119% cheaper against Extended than usual: you would sell low and buy high (spread +0.128% now, against its 7-day average of +0.246%). If the spread goes back, that is −$12 on $10k: about 2.1 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.131% in total) that is about 6.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended CHIP-USD | 0.04575 | −0.0088 | get 0.0011% / 1h | 44m 48s | $209K | $1.3M | 5x |
| Short | Hyperliquid CHIP | 0.04580 | 0.0100 | get 0.0013% / 1h | 44m 48s | $14.7M | $6.6M | 3x |
Extended CHIP-USD
Hyperliquid CHIPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $39.48
- Price spread: +0.128% → +0.246%
- −$11.89
- Slippage, 4 orders
- −$86.83
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$73.23
- Costs to cover
- 1.008%
- Break-even
- 20.0 days
Slippage from Extended: live order book, 4 min ago; Hyperliquid: live order book, 8 min ago.
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 Extended live order book, 4 min ago | 2.62 bp | 37.3 bp −$37 | 285.1 bp −$2,851 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.98 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.2133% | 1h | 0.04573 | −0.034% | $16K | $234K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0761% | 1h | 0.04583 | +0.184% | $14K | $248K | 50x | as long as short |
| Bybit CHIPUSDT | −0.0459% | 4h | 0.04576 | +0.031% | $10.7M | $8.9M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | −0.0383% | 1h | 0.04578 | +0.066% | $10K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0193% | 4h | 0.04575 | +0.010% | $1.9M | $9.1M | 20x | as long as short |
| Nado CHIP-PERP | −0.0183% | 1h | 0.04573 | −0.034% | $229K | $18K | 5x | as long as short |
| Phoenix CHIP | −0.0173% | 1h | 0.04583 | +0.184% | $3K | $143K | 5x | as long as short |
| Binance CHIPUSDT | −0.0089% | 4h | 0.04571 | −0.088% | $13.8M | $25.6M | 50x | as long as short |
| Extended CHIP-USDlong | −0.0088% | 1h | 0.04575 | long leg | $209K | $1.3M | 5x | |
| MEXC CHIP_USDT | −0.0084% | 4h | 0.04571 | −0.078% | $1.8M | $1.2M | 50x | as long as short |
Backpack CHIP_USDC_PERP
ApeX Omni CHIPUSDT
Bybit CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
OKX CHIP-USDT-SWAP
Nado CHIP-PERP
Phoenix CHIP
Binance CHIPUSDT
MEXC CHIP_USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | −0.0075% | 4h | 0.04571 | −0.078% | $548K | $65K | 50x | as long as short |
| Aster CHIPUSDT | −0.0071% | 4h | 0.04580 | +0.128% | $41K | $226K | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0051% | 1h | 0.04590 | +0.336% | $85 | $39K | 5x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04575 | +0.010% | $85K | $110K | 3x | as long as short |
| Hyperliquid CHIPshort | +0.0100% | 1h | 0.04580 | +0.128% | $14.7M | $6.6M | 3x | |
| Pacifica CHIP | +0.0100% | 1h | 0.04575 | +0.001% | $13K | $628 | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04580 | +0.119% | $688K | $898K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04575 | +0.010% | $987K | $1.0M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04577 | +0.053% | $1.9M | $3.0M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04572 | −0.056% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04582 | +0.152% | $834K | $463K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04569 | −0.122% | $639 | $1.0M | 10x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0816% | 1h | 0.04757 | +3.977% | $46K | $41K | 50x | as long as short |
BloFin CHIP-USDT
Aster CHIPUSDT
Aftermath Perps CHIPUSD
Lighter CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Coinbase International CHIP-PERP-INTX