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

CHIP

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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−$108
spread now−0.172%7d average+0.037%fees + slippage, in and out−$87spread needed0.868%
Long on PhoenixShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix CHIP0.04663−0.0171get 0.0021% / 1h21m 46s$3K$178K5x
ShortLighter CHIP0.046550.0096get 0.0012% / 1h21m 46s$87K$111K3x

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
−$17.16
Funding while held
$8
Slippage, 4 orders
−$79.75
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
−$95.91
Spread needed to break even
0.868%
Slippage from Phoenix: live order book, 8 min ago; Lighter: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0267%
Per $10,000 a day
+$8.00
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 Phoenix live order book, 8 min ago4.28 bp26.1 bp −$2678.9 bp −$789doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago9.65 bp10.7 bp −$11114.9 bp −$1,149doesn't fitdoesn't fit

CHIP price on every exchange

against the cheapest. Click to use as the short leg.
MEXC0.04649cheapestBinance0.04650+0.022%BingX0.04652+0.065%Extended0.04653+0.077%OKX0.04653+0.086%ApeX Omni0.04654+0.108%Pacifica0.04654+0.110%
Lighter0.04655+0.129%
Bybit0.04655+0.129%BloFin0.04655+0.129%Variational Omni0.04657+0.174%Nado0.04657+0.183%SunX0.04658+0.194%Backpack0.04659+0.215%Bitget0.04660+0.237%Aster0.04661+0.261%Hyperliquid0.04661+0.267%KuCoin0.04662+0.280%Gate0.04663+0.301%
Phoenix0.04663+0.301%
Deribit0.04664+0.327%Aftermath Perps0.04667+0.383%Coinbase International0.04698+1.054%

CHIP on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC CHIP_USDT−0.300%+0.0060%4h$2.0M$1.4M50xas long as short
Binance CHIPUSDT−0.279%+0.0058%4h$14.2M$26.7M50xas long as short
BingX CHIP-USDT−0.236%+0.0100%4h—$1.9M—as long as short
Extended CHIP-USD−0.224%+0.0064%1h$212K$1.3M5xas long as short
OKX CHIP-USDT-SWAP−0.214%+0.0035%4h$1.9M$9.8M20xas long as short
ApeX Omni CHIPUSDT−0.193%−0.0768%1h$13K$248K50xas long as short
Pacifica CHIP−0.191%+0.0100%1h$13K$7843xas long as short
Lighter CHIPshort−0.172%+0.0096%1h$87K$111K3x
Bybit CHIPUSDT−0.172%−0.0275%4h$11.0M$10.5M20xas long as short
BloFin CHIP-USDT−0.172%+0.0122%4h$565K$160K50xas long as short
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni CHIP−0.127%+0.0100%4h$913K$445K—as long as short
Nado CHIP-PERP−0.118%−0.0040%1h$234K$17K5xas long as short
SunX CHIP-USDT−0.107%+0.0100%4h$962$1.1M10xas long as short
Backpack CHIP_USDC_PERP−0.086%−0.0332%1h$17K$238K5xas long as short
Bitget CHIPUSDT−0.064%+0.0100%4h$1.9M$2.9M50xas long as short
Aster CHIPUSDT−0.040%+0.0100%4h$45K$216K5xas long as short
Hyperliquid CHIP−0.034%+0.0100%1h$15.0M$7.1M3xas long as short
KuCoin CHIPUSDTM−0.021%+0.0100%4h$993K$1.3M50xas long as short
Gate CHIP_USDT0.000%+0.0094%4h$692K$877K50xas long as short
Phoenix CHIPlong0.000%−0.0171%1h$3K$178K5x
Deribit CHIP_USDC-PERPETUAL+0.026%+0.0222%1h$10K$25K10xas long as short
Aftermath Perps CHIPUSD+0.081%−0.0006%1h$103$41K5xas long as short
Coinbase International CHIP-PERP-INTX+0.751%+0.1064%1h$51K$35K50xas long as short