data as of
Settings8H · net · $10k
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Price arb /

CHIP

all CHIP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$116
spread now−0.022%7d average+0.036%fees + slippage, in and out−$110spread needed1.101%
Long on LighterShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CHIP0.046010.0096pay 0.0012% / 1h58m 28s$86K$109K3x
ShortBybit CHIPUSDT0.046000.0100get 0.0050% / 4h58m 28s$10.8M$8.5M20x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.17
Funding while held
$0.12
Slippage, 4 orders
−$99.09
Fee Lighter: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$112.15
Spread needed to break even
1.101%
Slippage from Lighter: live order book, 18 min ago; Bybit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 18 min ago8.75 bp19.1 bp −$19104.4 bp −$1,044doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago3.26 bp44.2 bp −$44140.0 bp −$1,400doesn't fitdoesn't fit

CHIP price on every exchange

against the cheapest. Click to use as the short leg.
Binance0.04595cheapestBloFin0.04595cheapestMEXC0.04596+0.022%OKX0.04597+0.044%BingX0.04597+0.044%SunX0.04597+0.044%Extended0.04597+0.052%Nado0.04598+0.054%Variational Omni0.04599+0.090%Aster0.04599+0.096%
Bybit0.04600+0.109%
Pacifica0.04600+0.115%
Lighter0.04601+0.131%
Backpack0.04601+0.131%KuCoin0.04602+0.152%Deribit0.04602+0.157%Aftermath Perps0.04604+0.193%Bitget0.04604+0.196%ApeX Omni0.04604+0.196%Gate0.04605+0.218%Hyperliquid0.04606+0.239%Phoenix0.04607+0.261%Coinbase International0.04613+0.398%

CHIP on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance CHIPUSDT−0.130%+0.0100%4h$14.0M$24.6M50xas long as short
BloFin CHIP-USDT−0.130%+0.0054%4h$555K$75K50xas long as short
MEXC CHIP_USDT−0.109%+0.0100%4h$1.8M$1.1M50xas long as short
OKX CHIP-USDT-SWAP−0.087%+0.0040%4h$1.9M$8.9M20xas long as short
BingX CHIP-USDT−0.087%+0.0100%4h—$1.9M—as long as short
SunX CHIP-USDT−0.087%+0.0100%4h$841$1.0M10xas long as short
Extended CHIP-USD−0.078%+0.0104%1h$210K$1.3M5xas long as short
Nado CHIP-PERP−0.076%−0.0039%1h$230K$18K5xas long as short
Variational Omni CHIP−0.041%+0.0100%4h$879K$377K—as long as short
Aster CHIPUSDT−0.034%+0.0100%4h$39K$216K5xas long as short
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit CHIPUSDTshort−0.022%+0.0100%4h$10.8M$8.5M20x
Pacifica CHIP−0.015%+0.0100%1h$13K$8123xas long as short
Lighter CHIPlong0.000%+0.0096%1h$86K$109K3x
Backpack CHIP_USDC_PERP0.000%+0.0100%1h$18K$234K5xas long as short
KuCoin CHIPUSDTM+0.022%+0.0100%4h$995K$1.1M50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.026%0.0000%1h$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.063%+0.0038%1h$150$40K5xas long as short
Bitget CHIPUSDT+0.065%+0.0100%4h$2.0M$2.8M50xas long as short
ApeX Omni CHIPUSDT+0.065%−0.0056%1h$13K$248K50xas long as short
Gate CHIP_USDT+0.087%+0.0100%4h$690K$862K50xas long as short
Hyperliquid CHIP+0.109%+0.0100%1h$14.7M$6.3M3xas long as short
Phoenix CHIP+0.130%−0.0177%1h$3K$143K5xas long as short
Coinbase International CHIP-PERP-INTX+0.267%+0.0696%1h$45K$39K50xas long as short