data as of
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CHIP

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Spread before costs (cost unknown: a leg has no order-book sample)+0.168%
7d average+0.168%if it closes, per $10,000$17funding while held, a day+$8.15
Long on LighterShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CHIP0.047540.0096pay 0.0012% / 1h8m 45s$104K$95K3x
ShortHyperliquid CHIP0.047620.0368get 0.0046% / 1h8m 45s$15.9M$6.5M3x

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
$16.83
Funding while held
$8.15
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$15.98
Spread needed to break even
0.090%
Slippage unknown: Lighter: live order book, 28 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0272%
Per $10,000 a day
+$8.15
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, 28 min ago8.54 bp37.5 bp −$37131.7 bp −$1,317doesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago2.22 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit

CHIP price on every exchange

against the cheapest. Click to use as the short leg.
Aftermath Perps0.04726cheapestVariational Omni0.04735+0.198%Phoenix0.04739+0.283%OKX0.04741+0.326%BloFin0.04742+0.347%ApeX Omni0.04743+0.368%Nado0.04743+0.368%Extended0.04744+0.391%Bybit0.04745+0.410%BingX0.04745+0.410%SunX0.04745+0.410%MEXC0.04747+0.453%Backpack0.04747+0.453%Aster0.04749+0.489%Gate0.04750+0.516%Binance0.04750+0.517%Pacifica0.04752+0.548%
Lighter0.04754+0.601%
KuCoin0.04754+0.601%Bitget0.04754+0.601%Deribit0.04754+0.603%Coinbase International0.04757+0.664%
Hyperliquid0.04762+0.770%

CHIP on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aftermath Perps CHIPUSD−0.597%+0.0514%1h$275$43K5xas long as short
Variational Omni CHIP−0.400%+0.0100%4h$912K$434K—as long as short
Phoenix CHIP−0.316%−0.0169%1h$3K$174K5xas long as short
OKX CHIP-USDT-SWAP−0.273%+0.0100%4h$2.0M$9.8M20xas long as short
BloFin CHIP-USDT−0.252%+0.0158%4h$583K$160K50xas long as short
ApeX Omni CHIPUSDT−0.231%+0.0026%1h$12K$247K50xas long as short
Nado CHIP-PERP−0.231%+0.0171%1h$259K$5K5xas long as short
Extended CHIP-USD−0.208%+0.0104%1h$215K$1.3M5xas long as short
Bybit CHIPUSDT−0.189%−0.0248%4h$11.3M$10.6M20xas long as short
BingX CHIP-USDT−0.189%+0.0100%4h—$1.9M—as long as short
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX CHIP-USDT−0.189%+0.0100%4h$654$1.1M10xas long as short
MEXC CHIP_USDT−0.147%+0.0100%4h$2.2M$1.3M50xas long as short
Backpack CHIP_USDC_PERP−0.147%+0.0100%1h$19K$230K5xas long as short
Aster CHIPUSDT−0.111%+0.0100%4h$47K$215K5xas long as short
Gate CHIP_USDT−0.084%+0.0100%4h$738K$847K50xas long as short
Binance CHIPUSDT−0.083%+0.0100%4h$14.7M$25.7M50xas long as short
Pacifica CHIP−0.053%+0.0100%1h$14K$7833xas long as short
Lighter CHIPlong0.000%+0.0096%1h$104K$95K3x
KuCoin CHIPUSDTM0.000%+0.0100%4h$1.1M$1.3M50xas long as short
Bitget CHIPUSDT0.000%+0.0100%4h$2.1M$2.7M50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.002%+0.0676%1h$10K$25K10xas long as short
Coinbase International CHIP-PERP-INTX+0.063%+0.1040%1h$48K$32K50xas long as short
Hyperliquid CHIPshort+0.168%+0.0368%1h$15.9M$6.5M3x