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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%
Price spread now: SunX against Extended−0.002%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$325as in the Price arb table
costs, in and out, $10k−$3223.216% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 3 days (all we have)+0.351%+$35 · spread now −0.002%, 7d avg +0.034%
Together, before fees+0.369%+ Points / potential airdropExtended: Active · farm board+$37 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: SunX is 0.036% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.046460.0104pay 0.0013% / 1h8m 58s$211K$1.3M5x
ShortSunX CHIP-USDT0.046460.0100get 0.0050% / 4h8m 58s$824$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.002% → +0.034%
−$3.62
Slippage, 4 orders
−$308.62
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$326.08
Costs to cover
3.216%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; SunX: live order book, 4 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, 4 min ago3.56 bp36.3 bp −$36219.7 bp −$2,197doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago46.29 bp128.8 bp −$129doesn't fitdoesn'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−0.1367%1h0.04649+0.063%$15K$236K5xas long as short
Phoenix CHIP−0.0173%1h0.04647+0.020%$3K$140K5xas long as short
ApeX Omni CHIPUSDT−0.0118%1h0.04647+0.020%$14K$248K50xas long as short
OKX CHIP-USDT-SWAP−0.0066%4h0.04646−0.002%$1.9M$9.2M20xas long as short
Bybit CHIPUSDT+0.0033%4h0.04651+0.106%$10.8M$8.9M20xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0051%1h0.04654+0.170%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0070%4h0.04649+0.063%$549K$66K50xas long as short
Lighter CHIP+0.0096%1h0.04650+0.084%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04662+0.353%$14.7M$6.8M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04647+0.022%$47K$241K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04647+0.011%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04647+0.030%$14.0M$26.2M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04645−0.024%$686K$914K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04647+0.020%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04646−0.002%$980K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04649+0.063%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04649+0.063%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04640−0.124%$869K$468Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04646−0.002%$824$1.1M10x
Extended CHIP-USDlong+0.0104%1h0.04646long leg$211K$1.3M5x
Nado CHIP-PERP+0.0138%1h0.04649+0.063%$232K$18K5xas long as short
Aftermath Perps CHIPUSD+0.0229%1h0.04656+0.214%$120$39K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04715+1.487%$45K$40K50xas long as short