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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0423%/8h= +46.3% APRpaid last 24h +0.070%
Price spread now: Variational Omni against ApeX Omni+0.585%88s7-day average +0.033% · 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 3 days (all we have)+0.186%+$19 on $10k
Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.585%, 7d avg +0.033%
Together, before fees−0.175%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.552% dearer against ApeX Omni than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04733−0.0323get 0.0040% / 1h44m 07s$16K$244K50x
ShortVariational Omni CHIP0.047610.0100get 0.0050% / 4h1h 44m$843K$527K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$88.8
Price spread: +0.585% → +0.033%
$55.18
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$133.98
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 17 min ago; Variational Omni: RFQ quote, 20 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, 17 min ago8.43 bp17.0 bp −$17120.7 bp −$1,207doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 20 min ago4.21 bpdoesn't fit204.1 bp −$2,041doesn'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−0.1644%1h0.04756+0.486%$29K$215K5xas long as short
Phoenix CHIP−0.0337%1h0.04740+0.148%$3K$130K5xas long as short
ApeX Omni CHIPUSDTlong−0.0323%1h0.04733long leg$16K$244K50x
Bybit CHIPUSDT−0.0308%4h0.04754+0.444%$11.0M$8.9M20xas long as short
OKX CHIP-USDT-SWAP−0.0175%4h0.04750+0.359%$2.0M$9.5M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04763+0.642%$10K$24K10xas long as short
Aster CHIPUSDT+0.0019%4h0.04756+0.488%$45K$271K5xas long as short
Lighter CHIP+0.0096%1h0.04755+0.465%$88K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04765+0.670%$14.9M$6.1M3xas long as short
Pacifica CHIP+0.0100%1h0.04763+0.628%$14K$6883xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04750+0.359%$14.4M$26.3M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04756+0.486%$702K$944K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04751+0.380%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04759+0.549%$1.0M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04759+0.549%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04750+0.359%$1.9Mas long as short
Variational Omni CHIPshort+0.0100%4h0.04761+0.585%$843K$527K
SunX CHIP-USDT+0.0100%4h0.04751+0.380%$759$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04751+0.375%$216K$1.9M5xas long as short
BloFin CHIP-USDT+0.0159%4h0.04749+0.338%$568K$65K50xas long as short
Aftermath Perps CHIPUSD+0.0328%1h0.04754+0.435%$83$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0832%1h0.04788+1.168%$46K$41K50xas long as short
Nado CHIP-PERP+0.0930%1h0.04753+0.433%$240K$19K5xas long as short