Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.040%

Price spread now: Aster against Aftermath Perps+0.028%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.028% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CHIPUSD	0.04638	0.0288	pay 0.0036% / 1h	52m 08s	$118	$38K	5x
Short	Aster CHIPUSDT	0.04639	0.0100	get 0.0050% / 4h	2h 52m	$48K	$255K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee AsterbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$39.49
Price spread: +0.028% → 0.000%: $2.84
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$53.64
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Aster: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 14 min ago	7.48 bp	22.5 bp −$23	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CHIPUSDT	−0.1319%	1h	0.04662	+0.523%	$16K	$251K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0396%	1h	0.04643	+0.113%	$14K	$219K	5x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04612	−0.556%	$3K	$129K	5x	as long as short
Nado CHIP-PERP	−0.0016%	1h	0.04641	+0.081%	$234K	$19K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0011%	4h	0.04646	+0.178%	$1.9M	$9.2M	20x	as long as short
BloFin CHIP-USDT	+0.0080%	4h	0.04613	−0.534%	$556K	$63K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04641	+0.070%	$86K	$108K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04652	+0.307%	$14.6M	$6.4M	3x	as long as short
Aster CHIPUSDTshort	+0.0100%	4h	0.04639	+0.028%	$48K	$255K	5x
Pacifica CHIP	+0.0100%	1h	0.04636	−0.042%	$13K	$628	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04640	+0.048%	$14.0M	$26.2M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04644	+0.134%	$10.8M	$8.7M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04634	−0.081%	$684K	$911K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04640	+0.048%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04638	+0.005%	$968K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04641	+0.070%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04643	+0.113%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04631	−0.151%	$870K	$458K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04615	−0.491%	$708	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04636	−0.031%	$216K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSDlong	+0.0288%	1h	0.04638	long leg	$118	$38K	5x
Coinbase International CHIP-PERP-INTX	+0.0848%	1h	0.04715	+1.657%	$45K	$40K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.1236%	1h	0.04649	+0.236%	$10K	$24K	10x	as long as short