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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: KuCoin against Gate+0.108%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1741.744% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.192%−$19 on $10k
Price spread, last 7 days−0.072%−$7 · spread now +0.108%, 7d avg −0.041%
Together, before fees−0.264%−$26 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: KuCoin is 0.148% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.046460.0100pay 0.0050% / 4h8m 41s$686K$914K50x
ShortKuCoin CHIPUSDTM0.046510.0100get 0.0050% / 4h8m 41s$981K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.108% → −0.041%
$14.83
Slippage, 4 orders
−$147.37
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$159.54
Costs to cover
1.744%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 1 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 Gate live order book, 3 min ago5.39 bp43.7 bp −$44255.0 bp −$2,550doesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago7.53 bp38.0 bp −$38464.9 bp −$4,649doesn'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+0.065%$15K$236K5xas long as short
Phoenix CHIP−0.0173%1h0.04647+0.022%$3K$140K5xas long as short
ApeX Omni CHIPUSDT−0.0118%1h0.04647+0.022%$14K$248K50xas long as short
OKX CHIP-USDT-SWAP−0.0066%4h0.046460.000%$1.9M$9.2M20xas long as short
Bybit CHIPUSDT+0.0033%4h0.04651+0.108%$10.8M$8.9M20xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0051%1h0.04654+0.172%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0070%4h0.04649+0.065%$549K$66K50xas long as short
Lighter CHIP+0.0096%1h0.04651+0.108%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04663+0.362%$14.7M$6.8M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04647+0.027%$47K$241K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04652+0.121%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04649+0.065%$14.0M$26.2M50xas long as short
Gate CHIP_USDTlong+0.0100%4h0.04646long leg$686K$914K50x
MEXC CHIP_USDT+0.0100%4h0.04647+0.022%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTMshort+0.0100%4h0.04651+0.108%$981K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04650+0.086%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04650+0.086%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04640−0.122%$869K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.046460.000%$824$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04646+0.002%$211K$1.3M5xas long as short
Nado CHIP-PERP+0.0138%1h0.04649+0.065%$232K$18K5xas long as short
Aftermath Perps CHIPUSD+0.0229%1h0.04656+0.216%$120$39K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04715+1.489%$45K$40K50xas long as short