Spread before costs (cost unknown: a leg has no order-book sample)+0.176%
7d average—if it closes, per $10,000$18funding while held, a day+$18.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CHIP | 0.04656 | 0.0096 | pay 0.0012% / 1h | 20m 40s | $87K | $110K | 3x |
| Short | Deribit CHIP_USDC-PERPETUAL | 0.04664 | 0.0716 | get 0.0089% / 1h | 20m 40s | $10K | $25K | 10x |
Lighter CHIP
Deribit CHIP_USDC-PERPETUALPrice 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
- $17.61
- Funding while held
- $18.59
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $29.2
- Spread needed to break even
- 0.070%
Slippage unknown: Lighter: live order book, 11 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0620%
- Per $10,000 a day
- +$18.59
- 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 Lighter live order book, 11 min ago | 10.77 bp | 23.2 bp −$23 | 117.6 bp −$1,176 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 Omni0.04652cheapestSunX0.04652cheapestBackpack0.04653+0.021%Extended0.04654+0.050%Gate0.04655+0.064%Bitget0.04655+0.064%BingX0.04655+0.064%BloFin0.04655+0.064%Aftermath Perps0.04656+0.082%
ApeX Omni
SunX
Backpack
Extended
Gate
Bitget
BingX
BloFinLighter0.04656+0.086%
OKX0.04656+0.086%MEXC0.04656+0.086%KuCoin0.04656+0.086%Binance0.04656+0.088%Variational Omni0.04658+0.131%Aster0.04659+0.154%Pacifica0.04660+0.172%Bybit0.04660+0.172%Nado0.04663+0.236%
OKX
MEXC
KuCoin
Binance
Variational Omni
Aster
Pacifica
Bybit
NadoDeribit0.04664+0.262%
Phoenix0.04665+0.279%Hyperliquid0.04665+0.288%Coinbase International0.04676+0.516%
Phoenix
Hyperliquid
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 | −0.086% | −0.0758% | 1h | $12K | $247K | 50x | as long as short |
| SunX CHIP-USDT | −0.086% | +0.0100% | 4h | $495 | $1.1M | 10x | as long as short |
| Backpack CHIP_USDC_PERP | −0.064% | +0.0100% | 1h | $19K | $233K | 5x | as long as short |
| Extended CHIP-USD | −0.036% | +0.0104% | 1h | $212K | $1.3M | 5x | as long as short |
| Gate CHIP_USDT | −0.021% | +0.0100% | 4h | $690K | $881K | 50x | as long as short |
| Bitget CHIPUSDT | −0.021% | +0.0100% | 4h | $1.9M | $2.9M | 50x | as long as short |
| BingX CHIP-USDT | −0.021% | +0.0100% | 4h | — | $1.9M | — | as long as short |
| BloFin CHIP-USDT | −0.021% | +0.0081% | 4h | $582K | $160K | 50x | as long as short |
| Aftermath Perps CHIPUSD | −0.004% | +0.0177% | 1h | $221 | $42K | 5x | as long as short |
| Lighter CHIPlong | 0.000% | +0.0096% | 1h | $87K | $110K | 3x |
Show all 23 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX CHIP-USDT-SWAP | 0.000% | +0.0100% | 4h | $2.0M | $9.9M | 20x | as long as short |
| MEXC CHIP_USDT | 0.000% | +0.0100% | 4h | $2.1M | $1.4M | 50x | as long as short |
| KuCoin CHIPUSDTM | 0.000% | +0.0100% | 4h | $1.0M | $1.4M | 50x | as long as short |
| Binance CHIPUSDT | +0.002% | +0.0100% | 4h | $14.3M | $26.6M | 50x | as long as short |
| Variational Omni CHIP | +0.045% | +0.0100% | 4h | $909K | $452K | — | as long as short |
| Aster CHIPUSDT | +0.068% | +0.0078% | 4h | $45K | $216K | 5x | as long as short |
| Pacifica CHIP | +0.086% | +0.0100% | 1h | $13K | $784 | 3x | as long as short |
| Bybit CHIPUSDT | +0.086% | −0.0340% | 4h | $11.1M | $10.9M | 20x | as long as short |
| Nado CHIP-PERP | +0.150% | +0.0206% | 1h | $255K | $4K | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUALshort | +0.176% | +0.0716% | 1h | $10K | $25K | 10x | |
| Phoenix CHIP | +0.193% | −0.0168% | 1h | $3K | $174K | 5x | as long as short |
| Hyperliquid CHIP | +0.202% | +0.0100% | 1h | $15.1M | $7.0M | 3x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.430% | +0.1176% | 1h | $50K | $35K | 50x | as long as short |