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 0.000%
Price spread now: SunX against BingX−0.087%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$302as in the Price arb table
costs, in and out, $10k−$2982.975% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.418%+$42 · spread now −0.087%, 7d avg −0.040%
Together, before fees+0.421%+$42 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: SunX 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 −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.045720.0100pay 0.0050% / 4h2h 40m$1.9M
ShortSunX CHIP-USDT0.045680.0100get 0.0050% / 4h2h 40m$832$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.087% → −0.040%
−$4.77
Slippage, 4 orders
−$279.52
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$302.29
Costs to cover
2.975%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; SunX: live order book, 3 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, 8 min ago6.55 bp20.5 bp −$2056.6 bp −$566doesn't fitdoesn't fit
Sell SunX live order book, 3 min ago46.95 bp129.2 bp −$129doesn'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
Backpack CHIP_USDC_PERP−0.1958%1h0.04573+0.022%$16K$233K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0776%1h0.04577+0.107%$10K$24K10xas long as short
ApeX Omni CHIPUSDT−0.0734%1h0.045720.000%$14K$249K50xas long as short
Bybit CHIPUSDT−0.0421%4h0.04575+0.066%$10.6M$8.9M20xas long as short
Nado CHIP-PERP−0.0196%1h0.04573+0.033%$229K$18K5xas long as short
OKX CHIP-USDT-SWAP−0.0192%4h0.04573+0.022%$1.9M$9.1M20xas long as short
Phoenix CHIP−0.0173%1h0.04579+0.153%$3K$143K5xas long as short
Extended CHIP-USD−0.0104%1h0.04575+0.056%$209K$1.3M5xas long as short
Binance CHIPUSDT−0.0101%4h0.04571−0.022%$13.8M$25.7M50xas long as short
MEXC CHIP_USDT−0.0100%4h0.04571−0.022%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDT−0.0096%4h0.04568−0.087%$545K$65K50xas long as short
Aster CHIPUSDT−0.0067%4h0.04576+0.084%$41K$228K5xas long as short
Aftermath Perps CHIPUSD+0.0020%1h0.04582+0.222%$84$39K5xas long as short
Lighter CHIP+0.0096%1h0.04574+0.044%$85K$110K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04579+0.144%$14.7M$6.6M3xas long as short
Pacifica CHIP+0.0100%1h0.04574+0.037%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04579+0.153%$688K$898K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04578+0.131%$980K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04575+0.066%$2.0M$3.0M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04572long leg$1.9M
Variational Omni CHIP+0.0100%4h0.04576+0.077%$835K$462Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04568−0.087%$832$1.0M10x
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+4.035%$46K$41K50xas long as short