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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0112%/8h= −12.2% APRnext payment $0.56 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against BingX+0.694%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$1081.084% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.029%−$3 on $10k
Price spread, last 4 days (all we have)−0.908%−$91 · spread now +0.694%, 7d avg +0.035%
Together, before fees−0.937%+ Points / potential airdropAster: Stage 5 · farm board−$94 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.659% dearer against BingX than usual: you sell high and buy low (spread +0.694% now, against its 7-day average of +0.035%): +$66 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 days. At the pace of the last 5 days (−0.029% in total) that is about 4 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.047180.0100pay 0.0050% / 4h6m 37s$2.0M
ShortAster CHIPUSDT0.04751−0.0012pay 0.0006% / 4h6m 37s$56K$279K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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
−$23.45
Price spread: +0.694% → +0.035%
$65.88
Slippage, 4 orders
−$90.43
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$66.01
Costs to cover
1.084%
Break-even
never at this rate
Slippage from BingX: live order book, 1 min ago; Aster: live order book, 50 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 BingX live order book, 1 min ago4.21 bp22.3 bp −$2276.2 bp −$762doesn't fitdoesn't fit
Sell Aster live order book, 50 min ago8.49 bp29.4 bp −$29doesn'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
Phoenix CHIP−0.0510%1h0.04765+0.996%$3K$129K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0508%1h0.04748+0.640%$10K$24K10xas long as short
Backpack CHIP_USDC_PERP−0.0348%1h0.04750+0.678%$34K$251K5xas long as short
OKX CHIP-USDT-SWAP−0.0334%4h0.04728+0.212%$2.0M$9.7M20xas long as short
ApeX Omni CHIPUSDT−0.0328%1h0.04758+0.848%$16K$244K50xas long as short
Bybit CHIPUSDT−0.0262%4h0.04747+0.615%$10.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0124%1h0.04744+0.551%$240K$20K5xas long as short
Aster CHIPUSDTshort−0.0012%4h0.04751+0.694%$56K$279K5x
MEXC CHIP_USDT+0.0078%4h0.04742+0.509%$1.8M$1.2M50xas long as short
Binance CHIPUSDT+0.0079%4h0.04742+0.509%$14.3M$26.9M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended CHIP-USD+0.0080%1h0.04716−0.039%$215K$1.9M5xas long as short
Lighter CHIP+0.0096%1h0.04747+0.615%$97K$117K3xas long as short
BloFin CHIP-USDT+0.0097%4h0.04738+0.424%$564K$65K50xas long as short
Hyperliquid CHIP+0.0100%1h0.04754+0.763%$14.7M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04745+0.568%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04750+0.678%$689K$987K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04747+0.615%$987K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04722+0.085%$2.0M$3.4M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04718long leg$2.0M
Variational Omni CHIP+0.0100%4h0.04765+0.999%$848K$527Kas long as short
SunX CHIP-USDT+0.0100%4h0.04745+0.572%$884$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0167%1h0.04760+0.880%$84$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+2.900%$47K$41K50xas long as short