Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Gate+0.172%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.172%, 7d avg −0.026%

Together, before fees−0.164%−$16 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: Bybit is 0.199% dearer against Gate than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CHIP_USDT	0.04638	0.0100	pay 0.0050% / 4h	2h 51m	$687K	$913K	50x
Short	Bybit CHIPUSDT	0.04646	0.0100	get 0.0050% / 4h	2h 51m	$10.8M	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → −0.026%: $19.88
Slippage, 4 orders: −$125.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$131.23
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from Gate: live order book, 15 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 15 min ago	11.74 bp	34.6 bp −$35	250.5 bp −$2,505	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.08 bp	35.8 bp −$36	171.0 bp −$1,710	doesn't fit	doesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CHIPUSDT	−0.0816%	1h	0.04623	−0.323%	$16K	$250K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0396%	1h	0.04643	+0.108%	$14K	$219K	5x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04612	−0.561%	$3K	$129K	5x	as long as short
Nado CHIP-PERP	−0.0016%	1h	0.04641	+0.075%	$234K	$19K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0011%	4h	0.04646	+0.172%	$1.9M	$9.2M	20x	as long as short
BloFin CHIP-USDT	+0.0080%	4h	0.04613	−0.539%	$556K	$63K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04647	+0.194%	$86K	$108K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04656	+0.386%	$14.6M	$6.4M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04645	+0.148%	$48K	$255K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04646	+0.168%	$13K	$628	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04646	+0.167%	$14.0M	$26.2M	50x	as long as short
Bybit CHIPUSDTshort	+0.0100%	4h	0.04646	+0.172%	$10.8M	$8.7M	20x
Gate CHIP_USDTlong	+0.0100%	4h	0.04638	long leg	$687K	$913K	50x
MEXC CHIP_USDT	+0.0100%	4h	0.04644	+0.129%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04642	+0.086%	$975K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04644	+0.129%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04644	+0.129%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04631	−0.156%	$870K	$458K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04615	−0.496%	$708	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04645	+0.158%	$216K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0288%	1h	0.04638	−0.005%	$118	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0848%	1h	0.04715	+1.652%	$45K	$40K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.1236%	1h	0.04649	+0.231%	$10K	$24K	10x	as long as short