Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0724%/8h= +79.3% APRpaid last 24h +0.246%

Price spread now: Coinbase International against Gate+3.763%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 3.763% dearer against Gate than usual: you sell high and buy low: +$376 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CHIP_USDT	0.04584	0.0100	pay 0.0050% / 4h	1h 41m	$678K	$902K	50x
Short	Coinbase International CHIP-PERP-INTX	0.04757	0.0824	get 0.0103% / 1h	41m 54s	$46K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +3.763%Rate

Funding earned: $152.04
Price spread: +3.763% → 0.000%: $376.31
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $503.35
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 40 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 40 min ago	13.02 bp	40.3 bp −$40	250.9 bp −$2,509	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Backpack CHIP_USDC_PERP	−0.1258%	1h	0.04579	−0.109%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04586	+0.044%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0236%	4h	0.04580	−0.087%	$1.9M	$9.1M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0208%	1h	0.04583	−0.025%	$110	$39K	5x	as long as short
Nado CHIP-PERP	−0.0182%	1h	0.04581	−0.065%	$229K	$18K	5x	as long as short
BloFin CHIP-USDT	−0.0133%	4h	0.04577	−0.153%	$538K	$67K	50x	as long as short
Binance CHIPUSDT	−0.0121%	4h	0.04577	−0.153%	$13.8M	$25.9M	50x	as long as short
Extended CHIP-USD	−0.0120%	1h	0.04579	−0.116%	$209K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0120%	4h	0.04576	−0.175%	$1.8M	$1.2M	50x	as long as short
Bybit CHIPUSDT	−0.0082%	4h	0.04581	−0.065%	$10.7M	$9.0M	20x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CHIPUSDT	−0.0006%	1h	0.04584	0.000%	$14K	$248K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04585	+0.031%	$10K	$25K	10x	as long as short
Aster CHIPUSDT	+0.0034%	4h	0.04586	+0.041%	$47K	$229K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04583	−0.022%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04586	+0.035%	$14.5M	$6.8M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04584	−0.004%	$13K	$628	3x	as long as short
Gate CHIP_USDTlong	+0.0100%	4h	0.04584	long leg	$678K	$902K	50x
KuCoin CHIPUSDTM	+0.0100%	4h	0.04580	−0.087%	$974K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04581	−0.065%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04580	−0.087%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04585	+0.023%	$844K	$472K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04571	−0.284%	$1K	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0824%	1h	0.04757	+3.763%	$46K	$41K	50x