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

CHIP

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against SunX+0.206%7-day average +0.212% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$2912.912% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.118%+$12 on $10k
Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.206%, 7d avg +0.212%
Together, before fees−0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.046590.0100pay 0.0050% / 4h2h 30m$843$1.0M10x
ShortHyperliquid CHIP0.046690.0100get 0.0013% / 1h30m 26s$14.6M$6.2M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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
Price spread: +0.206% → +0.212%
−$0.57
Slippage, 4 orders
−$274.24
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$291.8
Costs to cover
2.912%
Break-even
never at this rate
Slippage from SunX: live order book, 2 min ago; Hyperliquid: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 2 min ago46.09 bp124.9 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago0.96 bp23.8 bp −$24doesn't fitdoesn't fitdoesn't fit

CHIP on 22 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−0.1148%1h0.04656−0.064%$16K$218K5xas long as short
ApeX Omni CHIPUSDT−0.0342%1h0.04654−0.107%$16K$250K50xas long as short
Phoenix CHIP−0.0172%1h0.04666+0.150%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0017%4h0.04660+0.021%$1.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0006%1h0.046590.000%$234K$19K5xas long as short
Lighter CHIP+0.0096%1h0.04661+0.043%$86K$108K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04669+0.206%$14.6M$6.2M3x
Aster CHIPUSDT+0.0100%4h0.04661+0.044%$37K$254K5xas long as short
Pacifica CHIP+0.0100%1h0.04661+0.049%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04658−0.021%$14.0M$25.9M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.04660+0.021%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.046590.000%$689K$951K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04656−0.064%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04660+0.021%$978K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04660+0.021%$1.9M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04657−0.043%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04662+0.070%$876K$459Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04659long leg$843$1.0M10x
Extended CHIP-USD+0.0104%1h0.04659−0.005%$211K$1.9M5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0351%1h0.04665+0.120%$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.0400%1h0.04655−0.090%$93$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.193%$45K$40K50xas long as short