CHIP: HyperLiquid ↔ Astar DEX arbitrage

CHIP arbitrage between HyperLiquid and Astar DEX: we compare the price of CHIP on HyperLiquid (futures) and Astar DEX (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

Open interest in CHIP right now — $32.7M: Binance $10.2M, HyperLiquid $7.2M, Bybit $6.8M, KuCoin $2.8M, OKX $2.7M. See OI CHIP.

News about CHIP

• Bullish provides USD.AI $100M facility for GPU loans
• Bullish Provides USD.AI $100 Million Facility for GPU-Backed Loans
• Bullish provides USD.AI $100M stablecoin facility for GPU-backed lending
• Bullish backs USD.AI with $100 million in financing to drive GPU-backed loans

About CHIP arbitrage

How do I read the CHIP spread?

The spread is how many percent higher CHIP trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Astar DEX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get CHIP alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.