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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.064%
Price spread now: Deribit against Aster+0.025%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Deribit is 0.025% dearer against Aster than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CHIPUSDT0.047610.0100pay 0.0050% / 4h2h 11m$37K$261K5x
ShortDeribit CHIP_USDC-PERPETUAL0.047620get 0.0000% / 1h11m 36s$10K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
−$21
Price spread: +0.025% → 0.000%
$2.49
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$33.51
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 55 min ago; Deribit: 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 Aster live order book, 55 min ago7.48 bp26.9 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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 22 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−0.1372%1h0.04755−0.126%$16K$221K5xas long as short
Phoenix CHIP−0.0172%1h0.04720−0.861%$3K$129K5xas long as short
ApeX Omni CHIPUSDT−0.0157%1h0.04729−0.672%$16K$244K50xas long as short
Nado CHIP-PERP−0.0066%1h0.04743−0.378%$239K$19K5xas long as short
OKX CHIP-USDT-SWAP−0.0030%4h0.04744−0.357%$2.0M$9.4M20xas long as short
Deribit CHIP_USDC-PERPETUALshort0.0000%1h0.04762+0.025%$10K$24K10x
Lighter CHIP+0.0096%1h0.04753−0.168%$88K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04768+0.149%$15.0M$6.2M3xas long as short
Aster CHIPUSDTlong+0.0100%4h0.04761long leg$37K$261K5x
Pacifica CHIP+0.0100%1h0.04753−0.175%$14K$6043xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04749−0.261%$14.3M$26.1M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04754−0.147%$11.1M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04756−0.105%$697K$961K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04749−0.252%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04756−0.105%$995K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04755−0.126%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04747−0.294%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04716−0.943%$894K$467Kas long as short
SunX CHIP-USDT+0.0100%4h0.04741−0.420%$898$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04746−0.309%$217K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0436%1h0.04722−0.811%$145$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04766+0.115%$46K$41K50xas long as short