CHIP Funding Rate — live across 16 venues
Compared across 16 supported venues · net of estimated fees · updated every few minutes
Live annualized CHIP perpetual funding across all 16 venues Perpia tracks. Right now CHIP funding is positive on 15 and negative on 1, ranging from +173.6% on Hyperliquid to -103.1% on BackPack — a spread of 276.7%. The widest delta-neutral trade is long BackPack / short Hyperliquid at 269.9% net APR.
CHIP funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
CHIP funding rate by venue
29 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid↗ | +173.6% | 1h |
| Nado↗ | +44.3% | 24h |
| Extended↗ | +11.4% | 1h |
| MEXC↗ | +10.9% | 4h |
| Gate.io↗ | +10.9% | 4h |
| Binance↗ | +10.9% | 4h |
| Variational↗ | +10.9% | 4h |
| OKX↗ | +10.9% | 4h |
| Bybit↗ | +10.9% | 4h |
| Aster↗ | +10.9% | 1h |
| BingX↗ | +10.9% | 4h |
| KuCoin↗ | +10.9% | 4h |
| Bitget↗ | +10.9% | 4h |
| Pacifica↗ | +10.9% | 1h |
| Lighter↗ | +10.5% | 8h |
| BackPack↗ | -103.1% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the BackPack vs Hyperliquid page.
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CHIP funding — FAQ
Is CHIP funding positive right now?
CHIP perpetual funding is positive on 15 of 16 venues Perpia tracks and negative on 1. The highest is +173.6% on Hyperliquid; the lowest is -103.1% on BackPack.
What is the best CHIP funding arbitrage right now?
Go long BackPack and short Hyperliquid for about 269.9% net APR after fees — the widest delta-neutral CHIP spread Perpia currently sees.
Which exchange has the highest CHIP funding rate?
Hyperliquid, at +173.6% annualized. Funding shifts continuously, so check the live table above before trading.
How CHIP funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to CHIP
Markets also quoted on both BackPack and Hyperliquid — the same two exchanges you would already have funded for the CHIP trade.
See every spread between them on the BackPack vs Hyperliquid page.