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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0588%/8h= +64.4% APRpaid last 24h +0.070%
Price spread now: Aster against ApeX Omni+0.344%89s7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$910.912% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.308%+$31 on $10k
Price spread, last 4 days (all we have)−0.699%−$70 · spread now +0.344%, 7d avg +0.038%
Together, before fees−0.391%+ Points / potential airdropAster: Stage 5 · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Aster is 0.307% dearer against ApeX Omni than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.308% in total (about 20.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04710−0.0682get 0.0085% / 1h55m 59s$16K$245K50x
ShortAster CHIPUSDT0.04726−0.0093pay 0.0047% / 4h55m 59s$50K$274K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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
$123.49
Price spread: +0.344% → +0.038%
$30.67
Slippage, 4 orders
−$73.21
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$62.95
Costs to cover
0.912%
Break-even
3.4 days
Slippage from ApeX Omni: live order book, 66 min ago; Aster: live order book, 66 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 66 min ago8.43 bp17.0 bp −$17120.7 bp −$1,207doesn't fitdoesn't fit
Sell Aster live order book, 66 min ago5.26 bp29.9 bp −$30doesn't fitdoesn't fitdoesn't fit

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
Backpack CHIP_USDC_PERP−0.0788%1h0.04738+0.594%$32K$242K5xas long as short
ApeX Omni CHIPUSDTlong−0.0682%1h0.04710long leg$16K$245K50x
Bybit CHIPUSDT−0.0527%4h0.04736+0.552%$10.9M$9.0M20xas long as short
Phoenix CHIP−0.0337%1h0.047100.000%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0322%4h0.04729+0.403%$2.0M$9.6M20xas long as short
Aster CHIPUSDTshort−0.0093%4h0.04726+0.344%$50K$274K5x
Nado CHIP-PERP−0.0027%1h0.04717+0.159%$239K$20K5xas long as short
BloFin CHIP-USDT+0.0018%4h0.04689−0.446%$566K$63K50xas long as short
MEXC CHIP_USDT+0.0074%4h0.04729+0.403%$1.8M$1.2M50xas long as short
Binance CHIPUSDT+0.0076%4h0.04732+0.471%$14.3M$26.6M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended CHIP-USD+0.0080%1h0.04727+0.371%$216K$1.9M5xas long as short
Lighter CHIP+0.0096%1h0.04727+0.361%$88K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04740+0.639%$14.8M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04704−0.117%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04729+0.403%$689K$948K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04731+0.446%$990K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04732+0.467%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04733+0.488%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04729+0.397%$838K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04722+0.255%$728$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0382%1h0.04713+0.060%$133$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+3.074%$47K$42K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0870%1h0.04737+0.573%$10K$24K10xas long as short