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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0659%/8h= +72.1% APRpaid last 24h +0.015%
Price spread now: Pacifica against Bybit+0.312%48s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Pacifica is 0.312% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CHIPUSDT0.04815−0.0559get 0.0279% / 4h1h 20m$11.1M$8.9M20x
ShortPacifica CHIP0.048300.0100get 0.0013% / 1h20m 47s$14K$6893x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$138.35
Price spread: +0.312% → 0.000%
$31.15
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$150.5
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Bybit: live order book, 2 min ago; Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago3.12 bp31.4 bp −$31115.7 bp −$1,157doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni CHIPUSDT−0.0592%1h0.04800−0.312%$16K$245K50xas long as short
Bybit CHIPUSDTlong−0.0559%4h0.04815long leg$11.1M$8.9M20x
Backpack CHIP_USDC_PERP−0.0440%1h0.04817+0.042%$26K$237K5xas long as short
Phoenix CHIP−0.0337%1h0.04798−0.353%$3K$130K5xas long as short
OKX CHIP-USDT-SWAP−0.0265%4h0.04809−0.125%$2.1M$9.7M20xas long as short
Aster CHIPUSDT−0.0033%4h0.04819+0.075%$46K$271K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04825+0.208%$10K$24K10xas long as short
Lighter CHIP+0.0096%1h0.04816+0.021%$89K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04826+0.226%$15.2M$6.1M3xas long as short
Pacifica CHIPshort+0.0100%1h0.04830+0.312%$14K$6893x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04807−0.166%$14.6M$26.4M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04822+0.145%$712K$950K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04809−0.125%$1.9M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04819+0.083%$1.0M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04810−0.104%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04810−0.104%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04817+0.033%$857K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04811−0.083%$775$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04811−0.088%$222K$1.9M5xas long as short
BloFin CHIP-USDT+0.0125%4h0.04816+0.021%$575K$63K50xas long as short
Nado CHIP-PERP+0.0125%1h0.04822+0.135%$243K$19K5xas long as short
Aftermath Perps CHIPUSD+0.0395%1h0.04800−0.307%$123$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0832%1h0.04855+0.827%$47K$42K50xas long as short