Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0716%/8h= −78.4% APRpaid last 24h −0.244%

Price spread now: SunX against Coinbase International−4.047%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 SunX

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 −$21 a day on $10k at the current rate, and SunX is 4.047% cheaper against Coinbase International than usual: you would sell low and buy high (−$405 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	38m 47s	$46K	$41K	50x
Short	SunX CHIP-USDT	0.04564	0.0100	get 0.0050% / 4h	2h 38m	$713	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −4.047%Rate

Funding earned: −$150.36
Price spread: −4.047% → 0.000%: −$404.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$573.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	46.95 bp	129.2 bp −$129	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
Backpack CHIP_USDC_PERP	−0.1933%	1h	0.04567	−3.984%	$16K	$233K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0843%	1h	0.04571	−3.904%	$10K	$24K	10x	as long as short
ApeX Omni CHIPUSDT	−0.0641%	1h	0.04574	−3.837%	$14K	$249K	50x	as long as short
Bybit CHIPUSDT	−0.0419%	4h	0.04573	−3.858%	$10.6M	$8.9M	20x	as long as short
OKX CHIP-USDT-SWAP	−0.0200%	4h	0.04570	−3.921%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0198%	1h	0.04569	−3.931%	$229K	$18K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04579	−3.732%	$3K	$143K	5x	as long as short
Binance CHIPUSDT	−0.0105%	4h	0.04567	−3.984%	$13.8M	$25.7M	50x	as long as short
Extended CHIP-USD	−0.0104%	1h	0.04568	−3.973%	$208K	$1.3M	5x	as long as short
BloFin CHIP-USDT	−0.0103%	4h	0.04571	−3.900%	$543K	$65K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CHIP_USDT	−0.0102%	4h	0.04564	−4.047%	$1.8M	$1.2M	50x	as long as short
Aster CHIPUSDT	−0.0063%	4h	0.04573	−3.858%	$41K	$228K	5x	as long as short
Aftermath Perps CHIPUSD	+0.0012%	1h	0.04581	−3.698%	$84	$39K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04569	−3.942%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04575	−3.810%	$14.7M	$6.6M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04571	−3.910%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04575	−3.816%	$687K	$898K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04576	−3.795%	$980K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04571	−3.900%	$2.0M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04568	−3.963%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04576	−3.805%	$835K	$462K	—	as long as short
SunX CHIP-USDTshort	+0.0100%	4h	0.04564	−4.047%	$713	$1.0M	10x
Coinbase International CHIP-PERP-INTXlong	+0.0816%	1h	0.04757	long leg	$46K	$41K	50x