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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0446%/8h= −48.9% APRnext payment $0.56 per $10,000 · paid last 24h −0.066%
Price spread now: ApeX Omni against Extended−0.081%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$950.955% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.428%−$43 on $10k
Price spread, last 4 days (all we have)+0.871%+$87 · spread now −0.081%, 7d avg +0.060%
Together, before fees+0.443%+ Points / potential airdropExtended: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 0.141% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.046580.0104pay 0.0013% / 1h31m 02s$211K$1.9M5x
ShortApeX Omni CHIPUSDT0.04654−0.0342pay 0.0043% / 1h31m 02s$16K$250K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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
−$93.69
Price spread: −0.081% → +0.060%
−$14.15
Slippage, 4 orders
−$80.49
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$203.33
Costs to cover
0.955%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; ApeX Omni: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago3.56 bp34.1 bp −$34227.5 bp −$2,275doesn't fitdoesn't fit
Sell ApeX Omni live order book, 35 min ago8.55 bp16.8 bp −$17122.3 bp −$1,223doesn't fitdoesn't fit

CHIP on 22 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
Backpack CHIP_USDC_PERP−0.1148%1h0.04656−0.038%$16K$218K5xas long as short
ApeX Omni CHIPUSDTshort−0.0342%1h0.04654−0.081%$16K$250K50x
Phoenix CHIP−0.0172%1h0.04666+0.176%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0021%4h0.04660+0.047%$1.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0008%1h0.04661+0.069%$235K$19K5xas long as short
Lighter CHIP+0.0096%1h0.04658+0.005%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04667+0.198%$14.6M$6.2M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04660+0.053%$37K$254K5xas long as short
Pacifica CHIP+0.0100%1h0.04663+0.114%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.046580.000%$14.0M$26.0M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.04662+0.090%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04659+0.026%$689K$951K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04657−0.017%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04659+0.026%$978K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04658+0.005%$1.9M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04655−0.060%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04662+0.096%$876K$459Kas long as short
SunX CHIP-USDT+0.0100%4h0.04655−0.060%$672$1.0M10xas long as short
Extended CHIP-USDlong+0.0104%1h0.04658long leg$211K$1.9M5x
Aftermath Perps CHIPUSD+0.0391%1h0.04651−0.152%$164$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0715%1h0.04667+0.196%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.220%$45K$40K50xas long as short