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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.009%
Price spread now: KuCoin against Extended+0.173%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1681.678% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.187%−$19 on $10k
Price spread, last 7 days+0.068%+$7 · spread now +0.173%, 7d avg +0.115%
Together, before fees−0.119%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.058% dearer against Extended than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.115%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 39 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.047830.0104pay 0.0013% / 1h42m 47s$217K$1.9M5x
ShortKuCoin CHIPUSDTM0.04791−0.0016pay 0.0008% / 4h42m 47s$1.0M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$25.2
Price spread: +0.173% → +0.115%
$5.83
Slippage, 4 orders
−$150.77
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$187.13
Costs to cover
1.678%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; KuCoin: live order book, 2 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, 1 min ago3.13 bp36.5 bp −$37269.1 bp −$2,691doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago9.38 bp40.6 bp −$41480.7 bp −$4,807doesn'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
Deribit CHIP_USDC-PERPETUAL−0.0376%1h0.04793+0.219%$10K$23K10xas long as short
Phoenix CHIP−0.0335%1h0.04786+0.069%$3K$125K5xas long as short
ApeX Omni CHIPUSDT−0.0320%1h0.04791+0.173%$18K$247K50xas long as short
Bybit CHIPUSDT−0.0172%4h0.04792+0.194%$10.9M$9.0M20xas long as short
OKX CHIP-USDT-SWAP−0.0114%4h0.04787+0.090%$2.1M$9.7M20xas long as short
KuCoin CHIPUSDTMshort−0.0016%4h0.04791+0.173%$1.0M$1.1M50x
BloFin CHIP-USDT+0.0047%4h0.04784+0.027%$575K$100K50xas long as short
Nado CHIP-PERP+0.0073%1h0.04789+0.132%$242K$18K5xas long as short
Lighter CHIP+0.0096%1h0.04795+0.257%$100K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04798+0.320%$14.8M$5.9M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDT+0.0100%4h0.04791+0.172%$50K$274K5xas long as short
Pacifica CHIP+0.0100%1h0.04791+0.165%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04788+0.111%$14.4M$27.0M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04794+0.236%$685K$973K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04789+0.132%$1.8M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04794+0.236%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04788+0.111%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04791+0.173%$26K$229K5xas long as short
Variational Omni CHIP+0.0100%4h0.04784+0.028%$917K$465Kas long as short
SunX CHIP-USDT+0.0100%4h0.04787+0.090%$719$1.0M10xas long as short
Extended CHIP-USDlong+0.0104%1h0.04783long leg$217K$1.9M5x
Aftermath Perps CHIPUSD+0.0159%1h0.04792+0.193%$172$36K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0920%1h0.04839+1.183%$46K$37K50xas long as short