Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0985%/8h= +107.9% APRpaid last 24h +0.059%

Price spread now: Aftermath Perps against Bybit−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.028% cheaper against Bybit than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CHIPUSDT	0.04802	−0.0587	get 0.0294% / 4h	1h 19m	$11.1M	$8.9M	20x
Short	Aftermath Perps CHIPUSD	0.04801	0.0398	get 0.0050% / 1h	19m 16s	$134	$38K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.028%Rate

Funding earned: $206.89
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $184.1
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: Bybit: live order book, 4 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 Bybit live order book, 4 min ago	3.12 bp	31.4 bp −$31	115.7 bp −$1,157	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit CHIPUSDTlong	−0.0587%	4h	0.04802	long leg	$11.1M	$8.9M	20x
ApeX Omni CHIPUSDT	−0.0535%	1h	0.04815	+0.271%	$17K	$245K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0430%	1h	0.04798	−0.083%	$26K	$237K	5x	as long as short
Phoenix CHIP	−0.0337%	1h	0.04798	−0.083%	$3K	$130K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0275%	4h	0.04793	−0.187%	$2.1M	$9.6M	20x	as long as short
Aster CHIPUSDT	−0.0042%	4h	0.04799	−0.064%	$47K	$271K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04801	−0.029%	$10K	$24K	10x	as long as short
BloFin CHIP-USDT	+0.0095%	4h	0.04787	−0.312%	$571K	$63K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04798	−0.083%	$89K	$107K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04808	+0.123%	$15.1M	$6.1M	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CHIP	+0.0100%	1h	0.04791	−0.227%	$14K	$689	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04794	−0.169%	$14.5M	$26.4M	50x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04798	−0.083%	$708K	$950K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04796	−0.125%	$1.8M	$1.2M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04795	−0.146%	$1.0M	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04796	−0.125%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04791	−0.229%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04817	+0.304%	$857K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04787	−0.312%	$686	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04788	−0.286%	$221K	$1.9M	5x	as long as short
Nado CHIP-PERP	+0.0107%	1h	0.04790	−0.250%	$242K	$19K	5x	as long as short
Aftermath Perps CHIPUSDshort	+0.0398%	1h	0.04801	−0.028%	$134	$38K	5x
Coinbase International CHIP-PERP-INTX	+0.0832%	1h	0.04855	+1.100%	$47K	$42K	50x	as long as short