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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0458%/8h= −50.2% APRnext payment $0.57 per $10,000 · paid last 24h −0.126%
Price spread now: ApeX Omni against Aftermath Perps−0.025%66s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and ApeX Omni is 0.025% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps CHIPUSD0.047470.0160pay 0.0020% / 1h4m 15s$100$38K5x
ShortApeX Omni CHIPUSDT0.04746−0.0298pay 0.0037% / 1h4m 15s$16K$244K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aftermath Perps. 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
−$96.23
Price spread: −0.025% → 0.000%
−$2.52
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$117.75
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; ApeX Omni: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell ApeX Omni live order book, 52 min ago7.41 bp16.0 bp −$16134.9 bp −$1,349doesn't fitdoesn't fit
Aftermath Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix CHIP−0.0510%1h0.04746−0.025%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0320%4h0.04727−0.425%$2.0M$9.7M20xas long as short
Backpack CHIP_USDC_PERP−0.0318%1h0.04732−0.320%$34K$251K5xas long as short
ApeX Omni CHIPUSDTshort−0.0298%1h0.04746−0.025%$16K$244K50x
Bybit CHIPUSDT−0.0258%4h0.04733−0.299%$10.9M$9.0M20xas long as short
Nado CHIP-PERP−0.0120%1h0.04729−0.394%$239K$20K5xas long as short
Aster CHIPUSDT−0.0018%4h0.04734−0.280%$56K$279K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04735−0.261%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0034%4h0.04720−0.573%$565K$65K50xas long as short
MEXC CHIP_USDT+0.0078%4h0.04729−0.383%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended CHIP-USD+0.0080%1h0.04728−0.412%$215K$1.9M5xas long as short
Binance CHIPUSDT+0.0080%4h0.04730−0.371%$14.3M$27.0M50xas long as short
Lighter CHIP+0.0096%1h0.04735−0.257%$97K$117K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04738−0.187%$14.7M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04730−0.371%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04728−0.404%$685K$989K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04733−0.299%$983K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04732−0.320%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04730−0.362%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04723−0.517%$839K$527Kas long as short
SunX CHIP-USDT+0.0100%4h0.04720−0.573%$856$1.0M10xas long as short
Aftermath Perps CHIPUSDlong+0.0160%1h0.04747long leg$100$38K5x
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04740−0.149%$45K$41K50xas long as short