Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0724%/8h= +79.3% APRpaid last 24h +0.246%

Price spread now: Coinbase International against Aster+0.496%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 0.496% dearer against Aster than usual: you sell high and buy low: +$50 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CHIPUSDT	0.04613	0.0100	pay 0.0050% / 4h	1h 02m	$49K	$231K	5x
Short	Coinbase International CHIP-PERP-INTX	0.04636	0.0824	get 0.0103% / 1h	2m 39s	$45K	$40K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.496%Rate

Funding earned: $152.04
Price spread: +0.496% → 0.000%: $49.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $183.68
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 14 min ago; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 14 min ago	3.25 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERP	−0.1245%	1h	0.04611	−0.043%	$16K	$233K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04614	+0.022%	$3K	$143K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0249%	1h	0.04611	−0.039%	$10K	$25K	10x	as long as short
Nado CHIP-PERP	−0.0146%	1h	0.04608	−0.108%	$231K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0132%	4h	0.04611	−0.043%	$1.9M	$9.2M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0127%	1h	0.04612	−0.021%	$113	$39K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0065%	1h	0.04611	−0.043%	$14K	$247K	50x	as long as short
BloFin CHIP-USDT	−0.0033%	4h	0.04606	−0.152%	$540K	$67K	50x	as long as short
Extended CHIP-USD	−0.0024%	1h	0.04611	−0.052%	$210K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0020%	4h	0.04609	−0.087%	$1.8M	$1.2M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	−0.0017%	4h	0.04609	−0.088%	$13.8M	$26.0M	50x	as long as short
Bybit CHIPUSDT	+0.0050%	4h	0.04611	−0.043%	$10.7M	$8.9M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04613	0.000%	$86K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04618	+0.108%	$14.5M	$6.8M	3x	as long as short
Aster CHIPUSDTlong	+0.0100%	4h	0.04613	long leg	$49K	$231K	5x
Pacifica CHIP	+0.0100%	1h	0.04612	−0.024%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04611	−0.043%	$681K	$911K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04610	−0.065%	$987K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04613	0.000%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04612	−0.022%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04613	−0.003%	$849K	$453K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04607	−0.130%	$634	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0824%	1h	0.04636	+0.496%	$45K	$40K	50x