Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.040%

Price spread now: Gate against Aftermath Perps+0.218%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 Gate

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

The price spread pays, funding is against you. Gate is 0.218% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.218% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CHIPUSD	0.04641	0.0287	pay 0.0036% / 1h	51m 23s	$118	$38K	5x
Short	Gate CHIP_USDT	0.04651	0.0100	get 0.0050% / 4h	2h 51m	$689K	$914K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.218%Rate

Funding earned: −$39.36
Price spread: +0.218% → 0.000%: $21.75
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.61
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 15 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 Gate live order book, 15 min ago	11.74 bp	47.3 bp −$47	257.8 bp −$2,578	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	−0.0816%	1h	0.04623	−0.386%	$16K	$250K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0396%	1h	0.04643	+0.045%	$14K	$219K	5x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04612	−0.623%	$3K	$129K	5x	as long as short
Nado CHIP-PERP	−0.0010%	1h	0.04647	+0.131%	$234K	$19K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0007%	4h	0.04647	+0.131%	$1.9M	$9.2M	20x	as long as short
BloFin CHIP-USDT	+0.0080%	4h	0.04613	−0.601%	$556K	$63K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04647	+0.131%	$86K	$108K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04658	+0.362%	$14.6M	$6.4M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04645	+0.083%	$48K	$255K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04646	+0.105%	$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	0.04647	+0.121%	$14.0M	$26.2M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04650	+0.196%	$10.8M	$8.7M	20x	as long as short
Gate CHIP_USDTshort	+0.0100%	4h	0.04651	+0.218%	$689K	$914K	50x
MEXC CHIP_USDT	+0.0100%	4h	0.04647	+0.131%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04643	+0.045%	$976K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04644	+0.067%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04646	+0.110%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04631	−0.218%	$870K	$458K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04615	−0.558%	$708	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04645	+0.095%	$216K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSDlong	+0.0287%	1h	0.04641	long leg	$118	$38K	5x
Coinbase International CHIP-PERP-INTX	+0.0848%	1h	0.04715	+1.588%	$45K	$40K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.1236%	1h	0.04649	+0.168%	$10K	$24K	10x	as long as short