Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0656%/8h= +71.8% APRpaid last 24h +0.244%

Price spread now: Coinbase International against Binance+2.682%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 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—needs both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Coinbase International is 2.682% dearer against Binance than usual: you sell high and buy low: +$268 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	Binance CHIPUSDT	0.04728	0.0080	pay 0.0040% / 4h	4m 43s	$14.3M	$27.0M	50x
Short	Coinbase International CHIP-PERP-INTX	0.04855	0.0736	get 0.0092% / 1h	4m 43s	$47K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +2.682%Rate

Funding earned: $137.72
Price spread: +2.682% → 0.000%: $268.19
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $385.91
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	1.05 bp	19.2 bp −$19	103.0 bp −$1,030	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
Phoenix CHIP	−0.0510%	1h	0.04746	+0.381%	$3K	$129K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0320%	4h	0.04727	−0.021%	$2.0M	$9.7M	20x	as long as short
Backpack CHIP_USDC_PERP	−0.0318%	1h	0.04732	+0.085%	$34K	$251K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0298%	1h	0.04746	+0.381%	$16K	$244K	50x	as long as short
Bybit CHIPUSDT	−0.0255%	4h	0.04733	+0.106%	$10.9M	$9.0M	20x	as long as short
Nado CHIP-PERP	−0.0121%	1h	0.04723	−0.116%	$239K	$20K	5x	as long as short
Aster CHIPUSDT	−0.0018%	4h	0.04732	+0.079%	$56K	$279K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04732	+0.087%	$10K	$24K	10x	as long as short
BloFin CHIP-USDT	+0.0034%	4h	0.04720	−0.169%	$565K	$65K	50x	as long as short
MEXC CHIP_USDT	+0.0078%	4h	0.04726	−0.042%	$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
Extended CHIP-USD	+0.0080%	1h	0.04728	−0.007%	$215K	$1.9M	5x	as long as short
Binance CHIPUSDTlong	+0.0080%	4h	0.04728	long leg	$14.3M	$27.0M	50x
Lighter CHIP	+0.0096%	1h	0.04732	+0.085%	$97K	$117K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04730	+0.034%	$14.7M	$6.2M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04730	+0.034%	$16K	$3K	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04727	−0.021%	$685K	$989K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04730	+0.042%	$983K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04731	+0.063%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04729	+0.021%	—	$2.0M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04723	−0.113%	$839K	$527K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04718	−0.212%	$781	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0167%	1h	0.04751	+0.486%	$100	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0736%	1h	0.04855	+2.682%	$47K	$41K	50x