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+0.0192%/8h= +21.0% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against Aster+0.179%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$960.963% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.152%+$15 on $10k
Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.179%, 7d avg +0.148%
Together, before fees+0.074%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.032% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.148%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CHIPUSDT0.04706−0.0092get 0.0046% / 4h58m 50s$49K$274K5x
ShortHyperliquid CHIP0.047150.0100get 0.0013% / 1h58m 50s$14.7M$6.2M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$40.21
Price spread: +0.179% → +0.148%
$3.17
Slippage, 4 orders
−$79.29
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$52.91
Costs to cover
0.963%
Break-even
16.2 days
Slippage from Aster: live order book, 63 min ago; Hyperliquid: live order book, 4 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, 63 min ago5.26 bp27.8 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago2.33 bp19.2 bp −$19doesn't fitdoesn'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
ApeX Omni CHIPUSDT−0.0682%1h0.04710+0.082%$16K$245K50xas long as short
Bybit CHIPUSDT−0.0540%4h0.04710+0.082%$10.9M$8.9M20xas long as short
Phoenix CHIP−0.0337%1h0.04710+0.082%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0316%4h0.04707+0.018%$2.0M$9.5M20xas long as short
Backpack CHIP_USDC_PERP−0.0272%1h0.04713+0.145%$32K$242K5xas long as short
Aster CHIPUSDTlong−0.0092%4h0.04706long leg$49K$274K5x
MEXC CHIP_USDT+0.0070%4h0.04706−0.003%$1.8M$1.2M50xas long as short
Binance CHIPUSDT+0.0072%4h0.04708+0.039%$14.3M$26.6M50xas long as short
Extended CHIP-USD+0.0072%1h0.04705−0.016%$215K$1.9M5xas long as short
BloFin CHIP-USDT+0.0090%4h0.04704−0.046%$571K$63K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CHIP+0.0096%1h0.04709+0.060%$87K$107K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04715+0.179%$14.7M$6.2M3x
Pacifica CHIP+0.0100%1h0.04709+0.052%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04707+0.018%$686K$947K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04710+0.082%$986K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04707+0.018%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04708+0.039%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04705−0.035%$838K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04703−0.067%$950$1.0M10xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0132%1h0.04716+0.218%$10K$24K10xas long as short
Nado CHIP-PERP+0.0169%1h0.04703−0.057%$238K$20K5xas long as short
Aftermath Perps CHIPUSD+0.0405%1h0.04723+0.355%$230$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+3.158%$47K$42K50xas long as short