CHIP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0610%/8h= +66.8% APRnext payment +$0.76 per $10,000 · paid last 24h +0.082%

Price spread now: Pacifica against Phoenix−1.397%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Pacifica

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 1.397% cheaper against Phoenix than usual: you would sell low and buy high (spread −1.397% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$140 on $10k: about 7.6 days of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix CHIP	0.04726	−0.0510	get 0.0064% / 1h	49m 11s	$3K	$129K	5x
Short	Pacifica CHIP	0.04660	0.0100	get 0.0013% / 1h	49m 11s	$16K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Phoenix. 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

Position, each leg$Hold fordaysFee PhoenixbpFee PacificabpOrdersPrice spread, now −1.397%Rate

Funding earned: $128.05
Price spread: −1.397% → 0.000%: −$139.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$26.6
Costs to cover: 0.150%
Break-even: 8.5 days

Slippage unknown: Phoenix: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 1 min ago	4.29 bp	26.2 bp −$26	79.1 bp −$791	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit CHIP_USDC-PERPETUAL	−0.0995%	1h	0.04653	−1.536%	$10K	$24K	10x	as long as short
Backpack CHIP_USDC_PERP	−0.0994%	1h	0.04652	−1.566%	$35K	$244K	5x	as long as short
Bybit CHIPUSDT	−0.0562%	4h	0.04652	−1.566%	$10.7M	$9.0M	20x	as long as short
ApeX Omni CHIPUSDT	−0.0519%	1h	0.04670	−1.185%	$16K	$246K	50x	as long as short
Phoenix CHIPlong	−0.0510%	1h	0.04726	long leg	$3K	$129K	5x
OKX CHIP-USDT-SWAP	−0.0357%	4h	0.04648	−1.650%	$2.0M	$9.4M	20x	as long as short
Aster CHIPUSDT	−0.0100%	4h	0.04661	−1.378%	$49K	$275K	5x	as long as short
Nado CHIP-PERP	−0.0069%	1h	0.04651	−1.587%	$235K	$20K	5x	as long as short
MEXC CHIP_USDT	+0.0074%	4h	0.04651	−1.587%	$1.8M	$1.2M	50x	as long as short
Binance CHIPUSDT	+0.0077%	4h	0.04648	−1.652%	$14.1M	$26.8M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CHIP-USD	+0.0080%	1h	0.04649	−1.635%	$213K	$1.9M	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04650	−1.608%	$86K	$107K	3x	as long as short
BloFin CHIP-USDT	+0.0100%	4h	0.04651	−1.587%	$564K	$62K	50x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04659	−1.409%	$14.5M	$6.2M	3x	as long as short
Pacifica CHIPshort	+0.0100%	1h	0.04660	−1.397%	$16K	$3K	3x
Gate CHIP_USDT	+0.0100%	4h	0.04652	−1.566%	$676K	$950K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04654	−1.523%	$974K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04648	−1.650%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04652	−1.566%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04671	−1.170%	$832K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04650	−1.608%	$990	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0350%	1h	0.04694	−0.670%	$133	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0736%	1h	0.04855	+2.725%	$47K	$42K	50x	as long as short