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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%
Price spread now: BloFin against Extended−0.109%54s7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1000.997% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 3 days (all we have)+1.354%+$135 · spread now −0.109%, 7d avg +0.075%
Together, before fees+1.371%+ Points / potential airdropExtended: Active · farm board+$137 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: BloFin is 0.184% cheaper against Extended than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.075%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.04653−0.0048get 0.0006% / 1h16m 13s$212K$1.3M5x
ShortBloFin CHIP-USDT0.04648−0.0044pay 0.0022% / 4h3h 16m$551K$72K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$0.81
Price spread: −0.109% → +0.075%
−$18.42
Slippage, 4 orders
−$82.74
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$117.35
Costs to cover
0.997%
Break-even
1015.1 days
Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 9 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 ago3.44 bp36.5 bp −$36270.5 bp −$2,705doesn't fitdoesn't fit
Sell BloFin live order book, 9 min ago3.22 bp14.2 bp −$1437.8 bp −$378doesn'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−0.1879%1h0.04648−0.109%$16K$237K5xas long as short
ApeX Omni CHIPUSDT−0.0522%1h0.04664+0.235%$14K$248K50xas long as short
Phoenix CHIP−0.0338%1h0.04658+0.106%$3K$143K5xas long as short
Nado CHIP-PERP−0.0208%1h0.04651−0.045%$233K$18K5xas long as short
Bybit CHIPUSDT−0.0178%4h0.04656+0.063%$11.0M$8.8M20xas long as short
OKX CHIP-USDT-SWAP−0.0076%4h0.04651−0.045%$1.9M$9.2M20xas long as short
Extended CHIP-USDlong−0.0048%1h0.04653long leg$212K$1.3M5x
Binance CHIPUSDT−0.0045%4h0.04655+0.041%$14.1M$25.4M50xas long as short
BloFin CHIP-USDTshort−0.0044%4h0.04648−0.109%$551K$72K50x
MEXC CHIP_USDT−0.0044%4h0.04651−0.045%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDT−0.0006%4h0.04658+0.103%$41K$210K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04660+0.153%$10K$24K10xas long as short
Lighter CHIP+0.0096%1h0.04658+0.106%$87K$109K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04664+0.241%$15.2M$6.4M3xas long as short
Pacifica CHIP+0.0100%1h0.04653+0.005%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04656+0.063%$706K$888K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04657+0.084%$995K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04659+0.127%$2.0M$3.0M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04654+0.020%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04673+0.430%$909K$407Kas long as short
SunX CHIP-USDT+0.0100%4h0.04650−0.066%$779$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0119%1h0.04667+0.306%$105$39K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0784%1h0.04757+2.223%$46K$41K50xas long as short