Funding you earn now, next payment 03:00 UTC−0.0095%/8h= −10.3% APRpaid last 24h +0.001%
Price spread now: Aster against Lighter+0.062%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1141.138% of the position
Funding, last 5 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.062%, 7d avg +0.020%
=Together, before fees−0.027%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.042% dearer against Lighter than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.020%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 5 days (−0.001% in total) that is about 6 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04753 | 0.0096 | pay 0.0012% / 1h | 39m 00s | $88K | $107K | 3x |
| Short | Aster CHIPUSDT | 0.04756 | 0.0001 | get 0.0001% / 4h | 1h 39m | $45K | $271K | 5x |
Lighter CHIP
Aster CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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
- −$19.85
- Price spread: +0.062% → +0.020%
- $4.23
- Slippage, 4 orders
- −$105.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$129.41
- Costs to cover
- 1.138%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 23 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 Lighter live order book, 5 min ago | 10.52 bp | 29.6 bp −$30 | 118.5 bp −$1,185 | doesn't fit | doesn't fit |
| Sell Aster live order book, 23 min ago | 5.26 bp | 29.9 bp −$30 | 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 | −0.1449% | 1h | 0.04756 | +0.063% | $33K | $226K | 5x | as long as short |
| Bybit CHIPUSDT | −0.0394% | 4h | 0.04771 | +0.379% | $11.0M | $8.8M | 20x | as long as short |
| ApeX Omni CHIPUSDT | −0.0356% | 1h | 0.04754 | +0.021% | $17K | $244K | 50x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04755 | +0.042% | $3K | $130K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0185% | 4h | 0.04762 | +0.189% | $2.0M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04760 | +0.149% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDTshort | +0.0001% | 4h | 0.04756 | +0.062% | $45K | $271K | 5x | |
| Lighter CHIPlong | +0.0096% | 1h | 0.04753 | long leg | $88K | $107K | 3x | |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04770 | +0.368% | $14.9M | $6.0M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04750 | −0.063% | $14K | $689 | 3x | as long as short |
Backpack CHIP_USDC_PERP
Bybit CHIPUSDT
ApeX Omni CHIPUSDT
Phoenix CHIP
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Hyperliquid CHIP
Pacifica CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CHIPUSDT | +0.0100% | 4h | 0.04761 | +0.168% | $14.4M | $26.3M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04755 | +0.042% | $703K | $946K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04755 | +0.042% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04756 | +0.063% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04760 | +0.147% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04763 | +0.210% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04739 | −0.303% | $843K | $528K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04740 | −0.274% | $877 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04756 | +0.067% | $216K | $1.9M | 5x | as long as short |
| BloFin CHIP-USDT | +0.0137% | 4h | 0.04732 | −0.442% | $564K | $62K | 50x | as long as short |
| Aftermath Perps CHIPUSD | +0.0344% | 1h | 0.04752 | −0.025% | $83 | $38K | 5x | as long as short |
| Nado CHIP-PERP | +0.0667% | 1h | 0.04740 | −0.263% | $239K | $19K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04788 | +0.743% | $46K | $41K | 50x | as long as short |
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
BloFin CHIP-USDT
Aftermath Perps CHIPUSD
Nado CHIP-PERP
Coinbase International CHIP-PERP-INTX