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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0625%/8h= −68.4% APRpaid last 24h −0.074%
Price spread now: ApeX Omni against Aster−0.094%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$940.943% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.305%−$31 on $10k
Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.094%, 7d avg −0.039%
Together, before fees−0.162%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and ApeX Omni is 0.055% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.305% in total (about -20.9% 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
LongAster CHIPUSDT0.046250.0100pay 0.0050% / 4h3h 46m$46K$237K5x
ShortApeX Omni CHIPUSDT0.04621−0.0525pay 0.0066% / 1h46m 55s$14K$248K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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
−$131.21
Price spread: −0.094% → −0.039%
−$5.47
Slippage, 4 orders
−$76.27
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$230.95
Costs to cover
0.943%
Break-even
never at this rate
Slippage from Aster: live order book, 25 min ago; ApeX Omni: live order book, 25 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 Aster live order book, 25 min ago6.47 bp30.2 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 25 min ago8.63 bp15.7 bp −$16126.0 bp −$1,260doesn'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−0.0652%1h0.04622−0.072%$15K$232K5xas long as short
ApeX Omni CHIPUSDTshort−0.0525%1h0.04621−0.094%$14K$248K50x
Phoenix CHIP−0.0172%1h0.04620−0.115%$3K$140K5xas long as short
Nado CHIP-PERP−0.0161%1h0.04618−0.148%$231K$18K5xas long as short
Bybit CHIPUSDT−0.0108%4h0.04624−0.029%$10.8M$8.9M20xas long as short
OKX CHIP-USDT-SWAP−0.0059%4h0.04620−0.115%$1.9M$9.1M20xas long as short
Gate CHIP_USDT+0.0042%4h0.04627+0.036%$682K$901K50xas long as short
BloFin CHIP-USDT+0.0071%4h0.04623−0.051%$545K$65K50xas long as short
Lighter CHIP+0.0096%1h0.04626+0.014%$86K$108K3xas long as short
Aster CHIPUSDTlong+0.0100%4h0.04625long leg$46K$237K5x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04616−0.195%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04622−0.072%$13.9M$26.1M50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04622−0.072%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04626+0.014%$977K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04622−0.072%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04622−0.072%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04626+0.020%$867K$469Kas long as short
SunX CHIP-USDT+0.0100%4h0.04617−0.180%$772$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04622−0.071%$214K$1.5M5xas long as short
Aftermath Perps CHIPUSD+0.0434%1h0.04628+0.060%$86$38K5xas long as short
Hyperliquid CHIP+0.0458%1h0.04630+0.107%$14.6M$6.7M3xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04715+1.943%$45K$40K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.2041%1h0.04637+0.250%$10K$24K10xas long as short