Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0935%/8h= −102.4% APRpaid last 24h −0.246%

Price spread now: Binance against Coinbase International−3.290%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 Binance

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—needs both histories

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Binance is 3.290% cheaper against Coinbase International than usual: you would sell low and buy high (−$329 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	0.04757	0.0816	pay 0.0102% / 1h	16m 39s	$46K	$41K	50x
Short	Binance CHIPUSDT	0.04600	−0.0119	pay 0.0060% / 4h	2h 16m	$13.9M	$25.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −3.290%Rate

Funding earned: −$196.42
Price spread: −3.290% → 0.000%: −$329.02
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$545.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	1.08 bp	15.3 bp −$15	69.0 bp −$690	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
Deribit CHIP_USDC-PERPETUAL	−0.0770%	1h	0.04603	−3.217%	$10K	$24K	10x	as long as short
Backpack CHIP_USDC_PERP	−0.0714%	1h	0.04602	−3.248%	$16K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0590%	1h	0.04607	−3.143%	$14K	$248K	50x	as long as short
Bybit CHIPUSDT	−0.0220%	4h	0.04604	−3.206%	$10.7M	$8.9M	20x	as long as short
OKX CHIP-USDT-SWAP	−0.0200%	4h	0.04604	−3.206%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0179%	1h	0.04602	−3.238%	$230K	$18K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04605	−3.185%	$3K	$143K	5x	as long as short
BloFin CHIP-USDT	−0.0141%	4h	0.04602	−3.248%	$543K	$66K	50x	as long as short
Extended CHIP-USD	−0.0120%	1h	0.04601	−3.260%	$210K	$1.3M	5x	as long as short
Binance CHIPUSDTshort	−0.0119%	4h	0.04600	−3.290%	$13.9M	$25.7M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CHIP_USDT	−0.0118%	4h	0.04600	−3.290%	$1.8M	$1.2M	50x	as long as short
Aftermath Perps CHIPUSD	−0.0094%	1h	0.04607	−3.147%	$115	$39K	5x	as long as short
Aster CHIPUSDT	−0.0015%	4h	0.04604	−3.214%	$44K	$225K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04601	−3.269%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04608	−3.124%	$14.8M	$6.5M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04603	−3.227%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04602	−3.248%	$682K	$903K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04602	−3.248%	$984K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04608	−3.122%	$2.0M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04601	−3.269%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04610	−3.085%	$840K	$462K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04599	−3.311%	$622	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0816%	1h	0.04757	long leg	$46K	$41K	50x