Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h +0.048%

Price spread now: Aftermath Perps against Binance+0.507%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.507% dearer against Binance than usual: you sell high and buy low (spread +0.507% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CHIPUSDT	0.04780	0.0100	pay 0.0050% / 4h	1h 09m	$14.4M	$27.0M	50x
Short	Aftermath Perps CHIPUSD	0.04804	0.0001	get 0.0000% / 1h	9m 04s	$63	$36K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now +0.507%Rate

Funding earned: −$20.86
Price spread: +0.507% → 0.000%: $50.74
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $10.89
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Binance: live order book, 2 min ago; Aftermath Perps: 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 Binance live order book, 2 min ago	1.04 bp	18.5 bp −$19	83.2 bp −$832	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
ApeX Omni CHIPUSDT	−0.0367%	1h	0.04782	+0.042%	$17K	$245K	50x	as long as short
Bybit CHIPUSDT	−0.0337%	4h	0.04786	+0.126%	$10.9M	$9.0M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0230%	1h	0.04791	+0.220%	$10K	$23K	10x	as long as short
Nado CHIP-PERP	−0.0200%	1h	0.04784	+0.073%	$242K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0194%	4h	0.04779	−0.021%	$2.1M	$9.7M	20x	as long as short
Phoenix CHIP	−0.0171%	1h	0.04797	+0.356%	$3K	$128K	5x	as long as short
KuCoin CHIPUSDTM	−0.0058%	4h	0.04787	+0.146%	$1.0M	$1.1M	50x	as long as short
Aftermath Perps CHIPUSDshort	+0.0001%	1h	0.04804	+0.507%	$63	$36K	5x
BloFin CHIP-USDT	+0.0061%	4h	0.04781	+0.021%	$575K	$100K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04789	+0.188%	$99K	$107K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	0.04796	+0.337%	$14.8M	$5.9M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04791	+0.239%	$54K	$271K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04790	+0.209%	$16K	$4K	3x	as long as short
Binance CHIPUSDTlong	+0.0100%	4h	0.04780	long leg	$14.4M	$27.0M	50x
Gate CHIP_USDT	+0.0100%	4h	0.04794	+0.293%	$687K	$996K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04788	+0.167%	$1.8M	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04777	−0.063%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04786	+0.126%	—	$1.9M	—	as long as short
Backpack CHIP_USDC_PERP	+0.0100%	1h	0.04791	+0.230%	$26K	$235K	5x	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04786	+0.128%	$884K	$442K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04785	+0.105%	$984	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04787	+0.139%	$218K	$1.5M	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0952%	1h	0.04839	+1.241%	$46K	$38K	50x	as long as short