Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h −0.042%

Price spread now: BingX against Aftermath Perps−0.088%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on BingX

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—needs both histories

Funding pays, the price is against you. BingX is 0.088% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 32 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CHIPUSD	0.04612	−0.0122	get 0.0015% / 1h	1m 50s	$113	$39K	5x
Short	BingX CHIP-USDT	0.04608	0.0100	get 0.0050% / 4h	1h 01m	—	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $46.6
Price spread: −0.088% → 0.000%: −$8.81
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: $18.79
Costs to cover: 0.190%
Break-even: 4.2 days

Slippage unknown: Aftermath Perps: no order-book sample; BingX: live order book, 10 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 BingX live order book, 10 min ago	4.34 bp	18.3 bp −$18	64.7 bp −$647	728.0 bp −$72.8K	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
Backpack CHIP_USDC_PERP	−0.1236%	1h	0.04610	−0.045%	$15K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04614	+0.042%	$3K	$143K	5x	as long as short
Nado CHIP-PERP	−0.0147%	1h	0.04608	−0.088%	$231K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0128%	4h	0.04607	−0.110%	$1.9M	$9.2M	20x	as long as short
Aftermath Perps CHIPUSDlong	−0.0122%	1h	0.04612	long leg	$113	$39K	5x
ApeX Omni CHIPUSDT	−0.0065%	1h	0.04611	−0.023%	$14K	$247K	50x	as long as short
BloFin CHIP-USDT	−0.0033%	4h	0.04606	−0.131%	$540K	$67K	50x	as long as short
MEXC CHIP_USDT	−0.0020%	4h	0.04607	−0.110%	$1.8M	$1.2M	50x	as long as short
Binance CHIPUSDT	−0.0017%	4h	0.04607	−0.110%	$13.8M	$26.0M	50x	as long as short
Extended CHIP-USD	−0.0016%	1h	0.04607	−0.118%	$210K	$1.3M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit CHIP_USDC-PERPETUAL	−0.0010%	1h	0.04611	−0.017%	$10K	$25K	10x	as long as short
Bybit CHIPUSDT	+0.0061%	4h	0.04610	−0.045%	$10.7M	$8.9M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04610	−0.045%	$86K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04616	+0.081%	$14.5M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04613	+0.020%	$49K	$231K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04612	−0.004%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04611	−0.023%	$681K	$911K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04609	−0.066%	$986K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04610	−0.045%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDTshort	+0.0100%	4h	0.04608	−0.088%	—	$1.9M	—
Variational Omni CHIP	+0.0100%	4h	0.04613	+0.018%	$849K	$453K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04607	−0.110%	$672	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04636	+0.517%	$45K	$40K	50x	as long as short