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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against Binance+0.006%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$900.900% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days+0.055%+$5 · spread now +0.006%, 7d avg +0.038%
Together, before fees+0.071%+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.032% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CHIPUSDT0.046380.0094pay 0.0047% / 4h2h 32m$13.9M$27.2M50x
ShortBingX CHIP-USDT0.046380.0100get 0.0050% / 4h2h 32m$2.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$1.33
Price spread: +0.006% → +0.038%
−$3.15
Slippage, 4 orders
−$69.96
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$91.78
Costs to cover
0.900%
Break-even
489.6 days
Slippage from Binance: live order book, 9 min ago; BingX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago1.08 bp21.4 bp −$21114.5 bp −$1,145doesn't fitdoesn't fit
Sell BingX live order book, just now7.55 bp25.3 bp −$2583.9 bp −$839doesn'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−0.0634%1h0.04690+1.127%$16K$246K50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0612%1h0.04636−0.033%$9K$24K10xas long as short
Bybit CHIPUSDT−0.0483%4h0.04640+0.049%$10.5M$9.1M20xas long as short
OKX CHIP-USDT-SWAP−0.0284%4h0.04633−0.102%$2.0M$9.5M20xas long as short
Phoenix CHIP−0.0171%1h0.04672+0.739%$3K$129K5xas long as short
Nado CHIP-PERP−0.0080%1h0.04639+0.028%$235K$18K5xas long as short
KuCoin CHIPUSDTM+0.0018%4h0.04640+0.049%$976K$1.2M50xas long as short
BloFin CHIP-USDT+0.0071%4h0.04633−0.102%$555K$64K50xas long as short
Binance CHIPUSDTlong+0.0094%4h0.04638long leg$13.9M$27.2M50x
Lighter CHIP+0.0096%1h0.04642+0.092%$96K$113K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04647+0.205%$14.4M$6.1M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04639+0.022%$55K$279K5xas long as short
Pacifica CHIP+0.0100%1h0.04641+0.071%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04645+0.157%$663K$973K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04638+0.006%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04637−0.015%$1.9M$3.4M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04638+0.006%$2.0M
Variational Omni CHIP+0.0100%4h0.04672+0.745%$822K$481Kas long as short
SunX CHIP-USDT+0.0100%4h0.04633−0.102%$903$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04637−0.021%$211K$1.0M5xas long as short
Aftermath Perps CHIPUSD+0.0120%1h0.04661+0.495%$110$37K5xas long as short
Backpack CHIP_USDC_PERP+0.0175%1h0.04639+0.028%$34K$234K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04717+1.714%$45K$37K50xas long as short