CHIP arbitrage between HyperLiquid and HTX: we compare the price of CHIP on HyperLiquid (futures) and HTX (spot) 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.

CHIP: HTX — deposit open, withdrawal open.

Open interest in CHIP right now — $24.0M: Binance $8.9M, Bybit $4.8M, HyperLiquid $3.4M, KuCoin $2.2M, OKX $1.7M. See OI CHIP.

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 HTX. 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.