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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0581%/8h= −63.7% APRpaid last 24h −0.062%
Price spread now: ApeX Omni against BloFin+0.971%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs+$33as in the Price arb table
costs, in and out, $10k−$660.664% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.440%−$44 on $10k
Price spread, last 3 days (all we have)−2.049%−$205 · spread now +0.971%, 7d avg −0.026%
Together, before fees−2.488%−$249 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.997% dearer against BloFin than usual: you sell high and buy low (spread +0.971% now, against its 7-day average of −0.026%): +$100 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5.7 days. At the pace of the last 7 days (−0.440% in total) that is about 16 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CHIP-USDT0.04531−0.0079get 0.0039% / 4h2h 02m$538K$65K50x
ShortApeX Omni CHIPUSDT0.04575−0.0660pay 0.0083% / 1h2m 18s$14K$249K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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
−$122.11
Price spread: +0.971% → −0.026%
$99.68
Slippage, 4 orders
−$44.41
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$88.84
Costs to cover
0.664%
Break-even
from the start
Slippage from BloFin: live order book, 19 min ago; ApeX Omni: live order book, 19 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 BloFin live order book, 19 min ago3.26 bp22.3 bp −$2247.3 bp −$473doesn't fitdoesn't fit
Sell ApeX Omni live order book, 19 min ago6.52 bp17.8 bp −$18127.8 bp −$1,278doesn'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−0.0769%1h0.04534+0.066%$15K$234K5xas long as short
ApeX Omni CHIPUSDTshort−0.0660%1h0.04575+0.971%$14K$249K50x
Deribit CHIP_USDC-PERPETUAL−0.0631%1h0.04536+0.110%$9K$25K10xas long as short
Bybit CHIPUSDT−0.0315%4h0.04535+0.088%$10.6M$9.0M20xas long as short
OKX CHIP-USDT-SWAP−0.0293%4h0.04536+0.110%$1.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0180%1h0.04539+0.177%$227K$18K5xas long as short
Phoenix CHIP−0.0173%1h0.04571+0.883%$3K$143K5xas long as short
Binance CHIPUSDT−0.0138%4h0.04532+0.022%$13.7M$26.0M50xas long as short
Extended CHIP-USD−0.0136%1h0.04535+0.089%$206K$1.3M5xas long as short
MEXC CHIP_USDT−0.0136%4h0.04532+0.022%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps CHIPUSD−0.0126%1h0.04564+0.735%$109$39K5xas long as short
BloFin CHIP-USDTlong−0.0079%4h0.04531long leg$538K$65K50x
Aster CHIPUSDT−0.0016%4h0.04538+0.158%$46K$228K5xas long as short
Lighter CHIP+0.0096%1h0.04535+0.088%$84K$110K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04539+0.183%$14.3M$6.8M3xas long as short
Pacifica CHIP+0.0100%1h0.04535+0.099%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04536+0.110%$673K$911K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04532+0.022%$969K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04538+0.154%$1.9M$3.1M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04535+0.088%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04584+1.176%$835K$462Kas long as short
SunX CHIP-USDT+0.0100%4h0.04532+0.022%$703$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+4.977%$46K$41K50xas long as short