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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0679%/8h= +74.4% APRnext payment +$0.85 per $10,000 · paid last 24h +0.097%
Price spread now: Hyperliquid against ApeX Omni+0.640%84s7-day average +0.185% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.566%+$57 on $10k
Price spread, last 4 days (all we have)−0.452%−$45 · spread now +0.640%, 7d avg +0.185%
Together, before fees+0.114%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.456% dearer against ApeX Omni than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of +0.185%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04685−0.0579get 0.0072% / 1h32m 07s$16K$245K50x
ShortHyperliquid CHIP0.047150.0100get 0.0013% / 1h32m 07s$14.6M$6.3M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$142.62
Price spread: +0.640% → +0.185%
$45.58
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$169.19
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 24 min ago; Hyperliquid: live order book, 11 min ago. Net counts fees only.

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, 24 min ago7.41 bp17.1 bp −$17123.7 bp −$1,237doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.71 bpdoesn't fitdoesn'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−0.0742%1h0.04709+0.512%$33K$247K5xas long as short
ApeX Omni CHIPUSDTlong−0.0579%1h0.04685long leg$16K$245K50x
Bybit CHIPUSDT−0.0535%4h0.04708+0.491%$10.8M$9.0M20xas long as short
Phoenix CHIP−0.0510%1h0.04695+0.213%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0418%4h0.04706+0.448%$2.0M$9.6M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0323%1h0.04707+0.467%$10K$24K10xas long as short
Nado CHIP-PERP−0.0105%1h0.04702+0.374%$238K$20K5xas long as short
Aster CHIPUSDT−0.0086%4h0.04707+0.472%$53K$276K5xas long as short
BloFin CHIP-USDT+0.0047%4h0.04713+0.598%$565K$64K50xas long as short
Extended CHIP-USD+0.0056%1h0.04701+0.347%$213K$1.9M5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT+0.0056%4h0.04703+0.384%$1.8M$1.2M50xas long as short
Binance CHIPUSDT+0.0058%4h0.04705+0.427%$14.2M$26.9M50xas long as short
Lighter CHIP+0.0096%1h0.04707+0.470%$87K$108K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04715+0.640%$14.6M$6.3M3x
Pacifica CHIP+0.0100%1h0.04715+0.640%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04706+0.448%$692K$963K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04707+0.470%$985K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04702+0.363%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04706+0.448%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04660−0.530%$829K$530Kas long as short
SunX CHIP-USDT+0.0100%4h0.04698+0.277%$669$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0189%1h0.04686+0.019%$76$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+3.624%$47K$42K50xas long as short