Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h +0.095%

Price spread now: KuCoin against ApeX Omni−0.084%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1511.514% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.084%, 7d avg +0.043%

Together, before fees+0.389%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.127% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.043%). If the spread goes back, that is −$13 on $10k: about 29 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.257% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CHIPUSDT	0.04761	−0.0399	get 0.0050% / 1h	35m 10s	$17K	$246K	50x
Short	KuCoin CHIPUSDTM	0.04757	−0.0042	pay 0.0021% / 4h	1h 35m	$1.0M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $75
Price spread: −0.084% → +0.043%: −$12.73
Slippage, 4 orders: −$129.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.18
Costs to cover: 1.514%
Break-even: 15.3 days

Slippage from ApeX Omni: live order book, 6 min ago; KuCoin: live order book, 10 min ago.

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 ApeX Omni live order book, 6 min ago	8.39 bp	16.5 bp −$17	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	9.48 bp	44.2 bp −$44	473.4 bp −$4,734	doesn't fit	doesn't fit

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
Bybit CHIPUSDT	−0.0420%	4h	0.04770	+0.189%	$10.7M	$9.2M	20x	as long as short
ApeX Omni CHIPUSDTlong	−0.0399%	1h	0.04761	long leg	$17K	$246K	50x
OKX CHIP-USDT-SWAP	−0.0196%	4h	0.04766	+0.105%	$2.1M	$9.8M	20x	as long as short
Phoenix CHIP	−0.0171%	1h	0.04761	0.000%	$3K	$128K	5x	as long as short
Nado CHIP-PERP	−0.0135%	1h	0.04748	−0.273%	$240K	$18K	5x	as long as short
KuCoin CHIPUSDTMshort	−0.0042%	4h	0.04757	−0.084%	$1.0M	$1.2M	50x
Aftermath Perps CHIPUSD	−0.0007%	1h	0.04757	−0.090%	$123	$36K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04761	−0.006%	$10K	$24K	10x	as long as short
BloFin CHIP-USDT	+0.0075%	4h	0.04755	−0.126%	$567K	$91K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04771	+0.210%	$99K	$107K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	0.04778	+0.357%	$14.8M	$6.0M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04767	+0.127%	$55K	$272K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04752	−0.187%	$16K	$4K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04765	+0.085%	$14.3M	$27.1M	50x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04765	+0.084%	$682K	$968K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04764	+0.063%	$1.8M	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04769	+0.168%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04767	+0.126%	—	$1.9M	—	as long as short
Backpack CHIP_USDC_PERP	+0.0100%	1h	0.04775	+0.294%	$35K	$231K	5x	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04744	−0.354%	$860K	$445K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04746	−0.315%	$723	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04754	−0.149%	$216K	$1.0M	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0952%	1h	0.04797	+0.746%	$46K	$38K	50x	as long as short