Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h −0.035%

Price spread now: SunX against Aftermath Perps−0.309%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 SunX

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. SunX is 0.309% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.309% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CHIPUSD	0.04582	0.0020	pay 0.0003% / 1h	40m 06s	$84	$39K	5x
Short	SunX CHIP-USDT	0.04568	0.0100	get 0.0050% / 4h	2h 40m	$832	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.309%Rate

Funding earned: $16.73
Price spread: −0.309% → 0.000%: −$30.88
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.16
Costs to cover: 0.170%
Break-even: 20.0 days

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	46.95 bp	129.2 bp −$129	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
Backpack CHIP_USDC_PERP	−0.1958%	1h	0.04573	−0.200%	$16K	$233K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0776%	1h	0.04577	−0.115%	$10K	$24K	10x	as long as short
ApeX Omni CHIPUSDT	−0.0734%	1h	0.04572	−0.222%	$14K	$249K	50x	as long as short
Bybit CHIPUSDT	−0.0421%	4h	0.04575	−0.156%	$10.6M	$8.9M	20x	as long as short
Nado CHIP-PERP	−0.0196%	1h	0.04573	−0.189%	$229K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0192%	4h	0.04573	−0.200%	$1.9M	$9.1M	20x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04579	−0.069%	$3K	$143K	5x	as long as short
Extended CHIP-USD	−0.0104%	1h	0.04575	−0.166%	$209K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0101%	4h	0.04571	−0.243%	$13.8M	$25.7M	50x	as long as short
MEXC CHIP_USDT	−0.0100%	4h	0.04571	−0.243%	$1.8M	$1.2M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CHIP-USDT	−0.0096%	4h	0.04568	−0.309%	$545K	$65K	50x	as long as short
Aster CHIPUSDT	−0.0067%	4h	0.04576	−0.138%	$41K	$228K	5x	as long as short
Aftermath Perps CHIPUSDlong	+0.0020%	1h	0.04582	long leg	$84	$39K	5x
Lighter CHIP	+0.0096%	1h	0.04574	−0.178%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04579	−0.077%	$14.7M	$6.6M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04574	−0.184%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04579	−0.069%	$688K	$898K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04578	−0.091%	$980K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04575	−0.156%	$2.0M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04572	−0.222%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04576	−0.145%	$835K	$462K	—	as long as short
SunX CHIP-USDTshort	+0.0100%	4h	0.04568	−0.309%	$832	$1.0M	10x
Coinbase International CHIP-PERP-INTX	+0.0816%	1h	0.04757	+3.805%	$46K	$41K	50x	as long as short