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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%
Price spread now: BingX against Extended+0.012%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1151.151% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.012%, 7d avg +0.067%
Together, before fees+0.042%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.055% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.046390.0104pay 0.0013% / 1h21m 15s$211K$2.0M5x
ShortBingX CHIP-USDT0.046400.0100get 0.0050% / 4h3h 21m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$0.84
Price spread: +0.012% → +0.067%
−$5.47
Slippage, 4 orders
−$100.05
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$121.36
Costs to cover
1.151%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; BingX: live order book, 11 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 ago4.62 bp37.7 bp −$38266.4 bp −$2,664doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago4.33 bp21.1 bp −$2166.5 bp −$665doesn't fitdoesn't fit

CHIP on 23 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−0.1012%1h0.04641+0.034%$14K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0312%1h0.04651+0.249%$17K$249K50xas long as short
Phoenix CHIP−0.0172%1h0.04653+0.292%$3K$140K5xas long as short
Nado CHIP-PERP−0.0154%1h0.04643+0.088%$232K$18K5xas long as short
OKX CHIP-USDT-SWAP−0.0021%4h0.04641+0.034%$1.9M$9.1M20xas long as short
BloFin CHIP-USDT+0.0064%4h0.04639−0.009%$546K$65K50xas long as short
Lighter CHIP+0.0096%1h0.04644+0.098%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04650+0.219%$14.6M$6.5M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04647+0.161%$48K$237K5xas long as short
Pacifica CHIP+0.0100%1h0.04649+0.200%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04641+0.034%$14.0M$26.0M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04643+0.077%$10.8M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04649+0.206%$688K$908K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04640+0.012%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04646+0.142%$972K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04644+0.098%$2.0M$3.2M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04640+0.012%$1.9M
Variational Omni CHIP+0.0100%4h0.04642+0.050%$872K$467Kas long as short
SunX CHIP-USDT+0.0100%4h0.04640+0.012%$699$1.1M10xas long as short
Extended CHIP-USDlong+0.0104%1h0.04639long leg$211K$2.0M5x
Deribit CHIP_USDC-PERPETUAL+0.0224%1h0.04648+0.185%$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.0336%1h0.04646+0.145%$196$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04664+0.527%$45K$40K50xas long as short