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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: KuCoin against BingX−0.021%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1471.470% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.208%−$21 on $10k
Price spread, last 7 days+0.034%+$3 · spread now −0.021%, 7d avg +0.027%
Together, before fees−0.175%−$17 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: KuCoin is 0.048% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.046970.0100pay 0.0050% / 4h27m 57s$1.9M
ShortKuCoin CHIPUSDTM0.046960.0100get 0.0050% / 4h27m 57s$989K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: −0.021% → +0.027%
−$4.82
Slippage, 4 orders
−$125.03
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$151.85
Costs to cover
1.470%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 2 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, 5 min ago5.34 bp22.8 bp −$2377.2 bp −$772doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago7.47 bp48.3 bp −$48471.5 bp −$4,715doesn'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
Backpack CHIP_USDC_PERP−0.1353%1h0.04696−0.021%$14K$234K5xas long as short
Phoenix CHIP−0.0173%1h0.04696−0.021%$3K$140K5xas long as short
ApeX Omni CHIPUSDT−0.0137%1h0.04691−0.128%$14K$248K50xas long as short
OKX CHIP-USDT-SWAP−0.0051%4h0.04696−0.021%$2.0M$9.3M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04697+0.009%$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.0010%1h0.04694−0.057%$87$39K5xas long as short
Bybit CHIPUSDT+0.0017%4h0.046970.000%$10.9M$8.9M20xas long as short
MEXC CHIP_USDT+0.0046%4h0.04696−0.021%$1.8M$1.1M50xas long as short
Binance CHIPUSDT+0.0053%4h0.046970.000%$14.1M$26.1M50xas long as short
Extended CHIP-USD+0.0056%1h0.04696−0.029%$214K$1.3M5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDT+0.0068%4h0.04679−0.383%$551K$66K50xas long as short
Lighter CHIP+0.0096%1h0.04696−0.021%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04711+0.287%$14.8M$6.8M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04698+0.023%$50K$237K5xas long as short
Pacifica CHIP+0.0100%1h0.04694−0.066%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04694−0.064%$694K$912K50xas long as short
KuCoin CHIPUSDTMshort+0.0100%4h0.04696−0.021%$989K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.046970.000%$2.0M$3.2M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04697long leg$1.9M
Variational Omni CHIP+0.0100%4h0.04678−0.405%$877K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.04689−0.170%$524$1.1M10xas long as short
Nado CHIP-PERP+0.0264%1h0.04689−0.160%$235K$18K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04739+0.888%$46K$41K50xas long as short