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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0740%/8h= +81.0% APRpaid last 24h +0.245%
Price spread now: Coinbase International against BingX+1.468%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 1.468% dearer against BingX than usual: you sell high and buy low: +$147 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.046470.0100pay 0.0050% / 4h12m 11s$1.9M
ShortCoinbase International CHIP-PERP-INTX0.047150.0840get 0.0105% / 1h12m 11s$45K$40K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$155.4
Price spread: +1.468% → 0.000%
$146.76
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$282.16
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: BingX: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago4.29 bp20.1 bp −$2065.2 bp −$652doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack CHIP_USDC_PERP−0.1370%1h0.046470.000%$15K$236K5xas long as short
Phoenix CHIP−0.0173%1h0.04653+0.129%$3K$140K5xas long as short
ApeX Omni CHIPUSDT−0.0119%1h0.04661+0.301%$14K$249K50xas long as short
OKX CHIP-USDT-SWAP−0.0071%4h0.04646−0.022%$1.9M$9.2M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04651+0.084%$10K$24K10xas long as short
Bybit CHIPUSDT+0.0023%4h0.04649+0.043%$10.8M$8.9M20xas long as short
Lighter CHIP+0.0096%1h0.04649+0.043%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04662+0.314%$14.7M$6.8M3xas long as short
Aster CHIPUSDT+0.0100%4h0.046470.000%$48K$240K5xas long as short
Pacifica CHIP+0.0100%1h0.04651+0.080%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04644−0.074%$14.0M$26.2M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04658+0.237%$688K$914K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04644−0.065%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04656+0.194%$982K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04645−0.043%$2.0M$3.2M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04647long leg$1.9M
Variational Omni CHIP+0.0100%4h0.04662+0.319%$874K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.04643−0.086%$688$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04645−0.051%$211K$1.3M5xas long as short
BloFin CHIP-USDT+0.0113%4h0.04644−0.065%$548K$66K50xas long as short
Nado CHIP-PERP+0.0152%1h0.04645−0.032%$232K$18K5xas long as short
Aftermath Perps CHIPUSD+0.0194%1h0.04663+0.354%$86$39K5xas long as short
Coinbase International CHIP-PERP-INTXshort+0.0840%1h0.04715+1.468%$45K$40K50x