Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1000%/8h= −109.5% APRpaid last 24h −0.241%

Price spread now: Gate against Coinbase International−1.574%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 Gate

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 −$30 a day on $10k at the current rate, and Gate is 1.574% cheaper against Coinbase International than usual: you would sell low and buy high (−$157 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	0.04765	0.0744	pay 0.0093% / 1h	35m 48s	$46K	$37K	50x
Short	Gate CHIP_USDT	0.04690	−0.0256	pay 0.0128% / 4h	3h 35m	$681K	$980K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −1.574%Rate

Funding earned: −$210
Price spread: −1.574% → 0.000%: −$157.4
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$392.4
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Gate: live order book, 16 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 Gate live order book, 16 min ago	11.68 bp	39.5 bp −$40	228.8 bp −$2,288	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
Bybit CHIPUSDT	−0.0747%	4h	0.04686	−1.658%	$10.7M	$9.1M	20x	as long as short
Backpack CHIP_USDC_PERP	−0.0439%	1h	0.04687	−1.637%	$34K	$229K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0340%	4h	0.04685	−1.679%	$2.0M	$9.7M	20x	as long as short
Phoenix CHIP	−0.0338%	1h	0.04685	−1.679%	$3K	$137K	5x	as long as short
Gate CHIP_USDTshort	−0.0256%	4h	0.04690	−1.574%	$681K	$980K	50x
ApeX Omni CHIPUSDT	−0.0205%	1h	0.04676	−1.868%	$16K	$244K	50x	as long as short
Nado CHIP-PERP	−0.0059%	1h	0.04684	−1.700%	$237K	$19K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0049%	1h	0.04684	−1.700%	$9K	$24K	10x	as long as short
Aster CHIPUSDT	+0.0042%	4h	0.04690	−1.584%	$56K	$279K	5x	as long as short
KuCoin CHIPUSDTM	+0.0070%	4h	0.04684	−1.700%	$970K	$1.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CHIP-USDT	+0.0094%	4h	0.04689	−1.595%	$566K	$65K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04688	−1.616%	$96K	$114K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04694	−1.490%	$14.5M	$6.2M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04685	−1.683%	$16K	$3K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04685	−1.679%	$14.2M	$27.0M	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04682	−1.742%	$1.7M	$1.2M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04684	−1.700%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04685	−1.679%	—	$2.0M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04683	−1.717%	$829K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04683	−1.721%	$836	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04682	−1.749%	$213K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0149%	1h	0.04691	−1.550%	$129	$37K	5x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0744%	1h	0.04765	long leg	$46K	$37K	50x