Settings8H · net · $10k
Funding arb · Price arb /

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Lighter+0.064%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.064% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CHIP0.046870.0096pay 0.0012% / 1h52m 16s$87K$108K3x
ShortPacifica CHIP0.046900.0100get 0.0013% / 1h52m 16s$13K$6283x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.064% → 0.000%
$6.4
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$0.76
Costs to cover
0.080%
Break-even
13.3 days
Slippage unknown: Lighter: live order book, 7 min ago; Pacifica: no order-book sample. Net counts fees only.

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, 7 min ago10.83 bp21.1 bp −$21118.7 bp −$1,187doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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 on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack CHIP_USDC_PERP−0.1325%1h0.04684−0.064%$15K$234K5xas long as short
Nado CHIP-PERP−0.0215%1h0.04684−0.053%$234K$18K5xas long as short
Phoenix CHIP−0.0173%1h0.04670−0.363%$3K$140K5xas long as short
Aftermath Perps CHIPUSD−0.0128%1h0.04661−0.555%$110$39K5xas long as short
OKX CHIP-USDT-SWAP−0.0092%4h0.04680−0.149%$1.9M$9.3M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04686−0.017%$10K$25K10xas long as short
MEXC CHIP_USDT+0.0004%4h0.04684−0.064%$1.8M$1.1M50xas long as short
Binance CHIPUSDT+0.0006%4h0.04679−0.171%$14.1M$26.1M50xas long as short
Extended CHIP-USD+0.0008%1h0.04679−0.169%$212K$1.3M5xas long as short
BloFin CHIP-USDT+0.0011%4h0.04672−0.320%$542K$69K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0076%4h0.04681−0.128%$10.9M$9.0M20xas long as short
Lighter CHIPlong+0.0096%1h0.04687long leg$87K$108K3x
Hyperliquid CHIP+0.0100%1h0.04696+0.196%$14.7M$6.7M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04687+0.010%$51K$236K5xas long as short
Pacifica CHIPshort+0.0100%1h0.04690+0.064%$13K$6283x
Gate CHIP_USDT+0.0100%4h0.04685−0.043%$693K$909K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04685−0.043%$994K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04680−0.149%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04681−0.128%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04676−0.237%$860K$453Kas long as short
ApeX Omni CHIPUSDT+0.0100%1h0.04670−0.363%$14K$247K50xas long as short
SunX CHIP-USDT+0.0100%4h0.04684−0.064%$744$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04691+0.081%$45K$40K50xas long as short