Funding arb · Price arb /

CHIP

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Swap Backtest

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: Gate against Bitget−0.022%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1171.174% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.022%, 7d avg +0.028%

Together, before fees−0.005%−$1 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: Gate is 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CHIPUSDT	0.04596	0.0100	pay 0.0050% / 4h	1h 24m	$2.0M	$3.1M	50x
Short	Gate CHIP_USDT	0.04595	0.0100	get 0.0050% / 4h	1h 24m	$677K	$904K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.028%: −$4.97
Slippage, 4 orders: −$90.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$122.42
Costs to cover: 1.174%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 57 min ago.

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 Bitget live order book, 3 min ago	3.27 bp	19.7 bp −$20	53.2 bp −$532	doesn't fit	doesn't fit
Sell Gate live order book, 57 min ago	13.02 bp	38.5 bp −$38	234.0 bp −$2,340	doesn't fit	doesn't fit

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
Backpack CHIP_USDC_PERP	−0.1270%	1h	0.04593	−0.065%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04587	−0.196%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0172%	4h	0.04589	−0.152%	$1.9M	$9.1M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0162%	1h	0.04593	−0.073%	$110	$39K	5x	as long as short
Nado CHIP-PERP	−0.0108%	1h	0.04590	−0.131%	$230K	$18K	5x	as long as short
MEXC CHIP_USDT	−0.0074%	4h	0.04593	−0.065%	$1.8M	$1.2M	50x	as long as short
Extended CHIP-USD	−0.0072%	1h	0.04594	−0.051%	$209K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0070%	4h	0.04592	−0.085%	$13.8M	$26.0M	50x	as long as short
ApeX Omni CHIPUSDT	−0.0049%	1h	0.04598	+0.044%	$14K	$247K	50x	as long as short
BloFin CHIP-USDT	−0.0044%	4h	0.04590	−0.131%	$539K	$67K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CHIPUSDT	+0.0050%	4h	0.04594	−0.044%	$10.7M	$8.9M	20x	as long as short
Aster CHIPUSDT	+0.0089%	4h	0.04594	−0.038%	$48K	$229K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04596	0.000%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04599	+0.061%	$14.5M	$6.7M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04590	−0.124%	$13K	$628	3x	as long as short
Gate CHIP_USDTshort	+0.0100%	4h	0.04595	−0.022%	$677K	$904K	50x
KuCoin CHIPUSDTM	+0.0100%	4h	0.04595	−0.022%	$979K	$1.0M	50x	as long as short
Bitget CHIPUSDTlong	+0.0100%	4h	0.04596	long leg	$2.0M	$3.1M	50x
BingX CHIP-USDT	+0.0100%	4h	0.04593	−0.065%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04597	+0.020%	$846K	$455K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04591	−0.109%	$692	$1.1M	10x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0185%	1h	0.04599	+0.061%	$10K	$25K	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04618	+0.485%	$45K	$39K	50x	as long as short