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−0.0009%/8h= −0.9% APRpaid last 24h −0.006%
Price spread now: Extended against BloFin−0.205%94s7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$980.977% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 3 days (all we have)−1.040%−$104 · spread now −0.205%, 7d avg −0.075%
Together, before fees−1.060%+ Points / potential airdropExtended: Active · farm board−$106 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: Extended is 0.130% cheaper against BloFin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.075%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CHIP-USDT0.04591−0.0071get 0.0036% / 4h2h 51m$546K$71K50x
ShortExtended CHIP-USD0.04582−0.0080pay 0.0010% / 1h51m 42s$209K$1.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$1.79
Price spread: −0.205% → −0.075%
−$12.97
Slippage, 4 orders
−$80.74
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$112.5
Costs to cover
0.977%
Break-even
never at this rate
Slippage from BloFin: live order book, 34 min ago; Extended: 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 BloFin live order book, 34 min ago3.22 bp15.6 bp −$1641.9 bp −$419doesn't fitdoesn't fit
Sell Extended live order book, 2 min ago3.49 bp32.7 bp −$33258.6 bp −$2,586doesn'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−0.2107%1h0.04585−0.131%$16K$235K5xas long as short
ApeX Omni CHIPUSDT−0.1119%1h0.04620+0.632%$14K$249K50xas long as short
Bybit CHIPUSDT−0.0451%4h0.04587−0.087%$10.7M$8.9M20xas long as short
Nado CHIP-PERP−0.0181%1h0.04587−0.076%$230K$18K5xas long as short
Phoenix CHIP−0.0173%1h0.04589−0.044%$3K$143K5xas long as short
OKX CHIP-USDT-SWAP−0.0156%4h0.04582−0.196%$1.9M$9.1M20xas long as short
Binance CHIPUSDT−0.0082%4h0.04581−0.218%$13.8M$25.6M50xas long as short
Extended CHIP-USDshort−0.0080%1h0.04582−0.205%$209K$1.3M5x
Aster CHIPUSDT−0.0079%4h0.04589−0.051%$41K$226K5xas long as short
MEXC CHIP_USDT−0.0078%4h0.04580−0.240%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDTlong−0.0071%4h0.04591long leg$546K$71K50x
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04593+0.044%$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.0070%1h0.04611+0.436%$85$39K5xas long as short
Lighter CHIP+0.0096%1h0.04585−0.131%$85K$110K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04589−0.033%$14.7M$6.6M3xas long as short
Pacifica CHIP+0.0100%1h0.04583−0.179%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04592+0.022%$699K$891K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04584−0.152%$995K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.045910.000%$1.9M$3.0M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04583−0.174%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04622+0.675%$842K$463Kas long as short
SunX CHIP-USDT+0.0100%4h0.04586−0.109%$964$1.0M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+3.605%$46K$41K50xas long as short