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+0.0398%/8h= +43.6% APRnext payment +$0.50 per $10,000 · paid last 24h +0.077%
Price spread now: Pacifica against ApeX Omni−0.447%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. Pacifica is 0.447% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.447% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 3.7 days of funding at the current rate (+$12 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04746−0.0298get 0.0037% / 1h5m 02s$16K$244K50x
ShortPacifica CHIP0.047250.0100get 0.0013% / 1h5m 02s$16K$3K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$83.6
Price spread: −0.447% → 0.000%
−$44.67
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$20.93
Costs to cover
0.180%
Break-even
5.2 days
Slippage unknown: ApeX Omni: live order book, 51 min ago; Pacifica: no order-book sample. 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, 51 min ago7.41 bp17.1 bp −$17123.7 bp −$1,237doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix CHIP−0.0510%1h0.047460.000%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0321%4h0.04725−0.442%$2.0M$9.7M20xas long as short
Backpack CHIP_USDC_PERP−0.0318%1h0.04732−0.295%$34K$251K5xas long as short
ApeX Omni CHIPUSDTlong−0.0298%1h0.04746long leg$16K$244K50x
Bybit CHIPUSDT−0.0255%4h0.04728−0.379%$10.9M$9.0M20xas long as short
Nado CHIP-PERP−0.0121%1h0.04723−0.495%$239K$20K5xas long as short
Aster CHIPUSDT−0.0015%4h0.04734−0.258%$56K$279K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04732−0.293%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0034%4h0.04720−0.548%$565K$65K50xas long as short
MEXC CHIP_USDT+0.0078%4h0.04727−0.400%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0079%4h0.04727−0.407%$14.3M$27.0M50xas long as short
Extended CHIP-USD+0.0080%1h0.04720−0.545%$215K$1.9M5xas long as short
Lighter CHIP+0.0096%1h0.04730−0.337%$97K$117K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04736−0.209%$14.7M$6.2M3xas long as short
Pacifica CHIPshort+0.0100%1h0.04725−0.447%$16K$3K3x
Gate CHIP_USDT+0.0100%4h0.04727−0.400%$685K$989K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04726−0.421%$984K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04727−0.400%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04726−0.421%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04723−0.491%$839K$527Kas long as short
SunX CHIP-USDT+0.0100%4h0.04718−0.590%$781$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0167%1h0.04751+0.105%$100$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+2.292%$47K$41K50xas long as short