Funding you earn now, next payment 02:00 UTC+0.0323%/8h= +35.4% APRpaid last 24h +0.071%
Price spread now: Deribit against OKX+0.021%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Deribit is 0.021% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CHIP-USDT-SWAP | 0.04721 | −0.0022 | get 0.0011% / 4h | 2h 20m | $2.0M | $9.3M | 20x |
| Short | Deribit CHIP_USDC-PERPETUAL | 0.04722 | 0.0301 | get 0.0038% / 1h | 20m 33s | $10K | $24K | 10x |
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- $67.84
- Price spread: +0.021% → 0.000%
- $2.12
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $52.96
- Costs to cover
- 0.170%
- Break-even
- 1.5 days
Slippage unknown: OKX: live order book, 3 min ago; Deribit: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 3 min ago | 1.07 bp | 16.2 bp −$16 | 231.5 bp −$2,315 | 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 on 22 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 | −0.1216% | 1h | 0.04711 | −0.212% | $16K | $221K | 5x | as long as short |
| Phoenix CHIP | −0.0172% | 1h | 0.04665 | −1.186% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0165% | 1h | 0.04701 | −0.424% | $16K | $244K | 50x | as long as short |
| Nado CHIP-PERP | −0.0024% | 1h | 0.04719 | −0.042% | $238K | $19K | 5x | as long as short |
| OKX CHIP-USDT-SWAPlong | −0.0022% | 4h | 0.04721 | long leg | $2.0M | $9.3M | 20x | |
| Lighter CHIP | +0.0096% | 1h | 0.04714 | −0.148% | $87K | $108K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04736 | +0.326% | $14.9M | $6.2M | 3x | as long as short |
| Aster CHIPUSDT | +0.0100% | 4h | 0.04715 | −0.134% | $37K | $255K | 5x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04714 | −0.140% | $14K | $628 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04722 | +0.021% | $14.2M | $25.9M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
Nado CHIP-PERP
Lighter CHIP
Hyperliquid CHIP
Aster CHIPUSDT
Pacifica CHIP
Binance CHIPUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CHIPUSDT | +0.0100% | 4h | 0.04725 | +0.085% | $11.0M | $8.6M | 20x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04716 | −0.106% | $697K | $954K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04719 | −0.042% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04714 | −0.148% | $988K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04721 | 0.000% | $2.0M | $3.2M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04712 | −0.191% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04714 | −0.146% | $892K | $464K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04711 | −0.212% | $832 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04712 | −0.196% | $214K | $1.9M | 5x | as long as short |
| Deribit CHIP_USDC-PERPETUALshort | +0.0301% | 1h | 0.04722 | +0.021% | $10K | $24K | 10x | |
| Aftermath Perps CHIPUSD | +0.0415% | 1h | 0.04686 | −0.746% | $94 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0848% | 1h | 0.04738 | +0.369% | $46K | $40K | 50x | as long as short |
Bybit CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX