Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0828%/8h= −90.7% APRpaid last 24h −0.248%

Price spread now: Aster against Coinbase International−2.040%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Aster is 2.040% cheaper against Coinbase International than usual: you would sell low and buy high (−$204 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CHIP-PERP-INTX	0.04715	0.0928	pay 0.0116% / 1h	49m 41s	$45K	$40K	50x
Short	Aster CHIPUSDT	0.04619	0.0100	get 0.0050% / 4h	3h 49m	$46K	$237K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −2.040%Rate

Funding earned: −$173.88
Price spread: −2.040% → 0.000%: −$204.02
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$395.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 22 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 22 min ago	6.47 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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
ApeX Omni CHIPUSDT	−0.0841%	1h	0.04619	−2.040%	$14K	$248K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0577%	1h	0.04617	−2.083%	$15K	$232K	5x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04631	−1.786%	$3K	$140K	5x	as long as short
Nado CHIP-PERP	−0.0157%	1h	0.04621	−1.987%	$231K	$18K	5x	as long as short
Bybit CHIPUSDT	−0.0063%	4h	0.04619	−2.040%	$10.8M	$8.9M	20x	as long as short
OKX CHIP-USDT-SWAP	−0.0052%	4h	0.04615	−2.125%	$1.9M	$9.1M	20x	as long as short
Gate CHIP_USDT	−0.0052%	4h	0.04619	−2.040%	$681K	$901K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04622	−1.983%	$10K	$24K	10x	as long as short
BloFin CHIP-USDT	+0.0063%	4h	0.04621	−1.998%	$546K	$65K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04617	−2.083%	$86K	$108K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CHIPUSDTshort	+0.0100%	4h	0.04619	−2.040%	$46K	$237K	5x
Pacifica CHIP	+0.0100%	1h	0.04620	−2.023%	$13K	$628	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04616	−2.104%	$13.9M	$26.1M	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04615	−2.125%	$1.8M	$1.2M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04616	−2.104%	$975K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04616	−2.104%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04615	−2.125%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04626	−1.886%	$867K	$469K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04619	−2.040%	$661	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04614	−2.145%	$213K	$1.4M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0417%	1h	0.04633	−1.744%	$86	$38K	5x	as long as short
Hyperliquid CHIP	+0.0475%	1h	0.04631	−1.777%	$14.6M	$6.7M	3x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0928%	1h	0.04715	long leg	$45K	$40K	50x