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: SunX against Bitget−0.175%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3003.000% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.427%+$43 · spread now −0.175%, 7d avg −0.091%

Together, before fees+0.427%+$43 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 0.084% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CHIPUSDT	0.04578	0.0100	pay 0.0050% / 4h	2h 40m	$2.0M	$3.0M	50x
Short	SunX CHIP-USDT	0.04570	0.0100	get 0.0050% / 4h	2h 40m	$585	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → −0.091%: −$8.41
Slippage, 4 orders: −$279.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$308.39
Costs to cover: 3.000%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 2 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, 2 min ago	5.46 bp	25.1 bp −$25	59.7 bp −$597	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	46.95 bp	129.2 bp −$129	doesn't fit	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	−0.1995%	1h	0.04573	−0.109%	$16K	$233K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0734%	1h	0.04572	−0.131%	$14K	$249K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0667%	1h	0.04577	−0.033%	$10K	$24K	10x	as long as short
Bybit CHIPUSDT	−0.0424%	4h	0.04575	−0.066%	$10.6M	$8.9M	20x	as long as short
OKX CHIP-USDT-SWAP	−0.0193%	4h	0.04573	−0.109%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0192%	1h	0.04573	−0.098%	$229K	$18K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04579	+0.022%	$3K	$143K	5x	as long as short
Extended CHIP-USD	−0.0104%	1h	0.04573	−0.116%	$209K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0101%	4h	0.04569	−0.188%	$13.8M	$25.7M	50x	as long as short
BloFin CHIP-USDT	−0.0096%	4h	0.04568	−0.218%	$545K	$65K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CHIP_USDT	−0.0096%	4h	0.04570	−0.175%	$1.8M	$1.2M	50x	as long as short
Aster CHIPUSDT	−0.0066%	4h	0.04577	−0.027%	$41K	$228K	5x	as long as short
Aftermath Perps CHIPUSD	+0.0025%	1h	0.04584	+0.125%	$84	$39K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04575	−0.066%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04580	+0.044%	$14.7M	$6.6M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04574	−0.092%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04579	+0.022%	$688K	$898K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04578	0.000%	$987K	$1.0M	50x	as long as short
Bitget CHIPUSDTlong	+0.0100%	4h	0.04578	long leg	$2.0M	$3.0M	50x
BingX CHIP-USDT	+0.0100%	4h	0.04571	−0.153%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04582	+0.077%	$834K	$463K	—	as long as short
SunX CHIP-USDTshort	+0.0100%	4h	0.04570	−0.175%	$585	$1.0M	10x
Coinbase International CHIP-PERP-INTX	+0.0816%	1h	0.04757	+3.899%	$46K	$41K	50x	as long as short