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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.015%
Price spread now: Aster against Bybit+0.008%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1151.149% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.027%+$3 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.008%, 7d avg −0.011%
Together, before fees+0.044%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CHIPUSDT0.047200.0081pay 0.0041% / 4h37m 41s$11.0M$8.9M20x
ShortAster CHIPUSDT0.047200.0100get 0.0050% / 4h37m 41s$51K$236K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
$3.93
Price spread: +0.008% → −0.011%
$1.84
Slippage, 4 orders
−$95.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$109.12
Costs to cover
1.149%
Break-even
201.5 days
Slippage from Bybit: live order book, 6 min ago; Aster: live order book, 39 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 Bybit live order book, 6 min ago1.07 bp31.2 bp −$31131.4 bp −$1,314doesn't fitdoesn't fit
Sell Aster live order book, 39 min ago3.25 bp33.2 bp −$33doesn't fitdoesn'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−0.1314%1h0.04705−0.318%$15K$234K5xas long as short
Phoenix CHIP−0.0173%1h0.04683−0.784%$3K$140K5xas long as short
Aftermath Perps CHIPUSD−0.0093%1h0.04694−0.552%$87$39K5xas long as short
OKX CHIP-USDT-SWAP−0.0052%4h0.04716−0.085%$2.0M$9.4M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04703−0.352%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0011%4h0.04703−0.360%$503K$67K50xas long as short
ApeX Omni CHIPUSDT+0.0014%1h0.04688−0.678%$14K$248K50xas long as short
MEXC CHIP_USDT+0.0026%4h0.04717−0.064%$1.8M$1.1M50xas long as short
Binance CHIPUSDT+0.0029%4h0.04718−0.042%$14.2M$26.1M50xas long as short
Extended CHIP-USD+0.0032%1h0.04717−0.070%$215K$1.3M5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDTlong+0.0081%4h0.04720long leg$11.0M$8.9M20x
Lighter CHIP+0.0096%1h0.04717−0.064%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04725+0.117%$14.9M$6.8M3xas long as short
Aster CHIPUSDTshort+0.0100%4h0.04720+0.008%$51K$236K5x
Pacifica CHIP+0.0100%1h0.047200.000%$14K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04712−0.169%$697K$912K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04718−0.042%$995K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.047200.000%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04719−0.021%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04689−0.659%$877K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.04701−0.403%$797$1.1M10xas long as short
Nado CHIP-PERP+0.0445%1h0.04700−0.413%$235K$18K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04716−0.091%$45K$40K50xas long as short