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

CHIP

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SwapBacktest
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 −0.002%
Price spread now: MEXC against Gate+0.236%7-day average −0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$1111.110% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 7 days−0.345%−$35 · spread now +0.236%, 7d avg −0.109%
Together, before fees−0.343%−$34 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: MEXC is 0.345% dearer against Gate than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.109%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.046520.0100pay 0.0050% / 4h2h 32m$688K$951K50x
ShortMEXC CHIP_USDT0.046630.0100get 0.0050% / 4h2h 32m$1.8M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.236% → −0.109%
$34.5
Slippage, 4 orders
−$95.99
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 0 bp × 2 orders
$0
Net
−$76.49
Costs to cover
1.110%
Break-even
never at this rate
Slippage from Gate: live order book, 34 min ago; MEXC: 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 Gate live order book, 34 min ago11.74 bp34.6 bp −$35250.5 bp −$2,505doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.08 bp17.2 bp −$1799.8 bp −$998303.6 bp −$30.4K861.3 bp −$430.6K

CHIP on 22 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−0.1175%1h0.04645−0.150%$15K$218K5xas long as short
ApeX Omni CHIPUSDT−0.0342%1h0.04654+0.043%$16K$250K50xas long as short
Phoenix CHIP−0.0172%1h0.04623−0.623%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0026%4h0.04666+0.301%$1.9M$9.2M20xas long as short
Nado CHIP-PERP−0.0008%1h0.04645−0.150%$234K$19K5xas long as short
Lighter CHIP+0.0096%1h0.04667+0.322%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04672+0.423%$14.6M$6.2M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04656+0.083%$38K$254K5xas long as short
Pacifica CHIP+0.0100%1h0.04663+0.234%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04665+0.279%$14.0M$26.1M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.04661+0.193%$10.9M$8.7M20xas long as short
Gate CHIP_USDTlong+0.0100%4h0.04652long leg$688K$951K50x
MEXC CHIP_USDTshort+0.0100%4h0.04663+0.236%$1.8M$1.1M50x
KuCoin CHIPUSDTM+0.0100%4h0.04659+0.150%$978K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04665+0.279%$1.9M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04658+0.129%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04651−0.026%$874K$459Kas long as short
SunX CHIP-USDT+0.0100%4h0.04653+0.021%$872$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04655+0.060%$211K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0401%1h0.04647−0.097%$164$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0417%1h0.04649−0.069%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.346%$45K$40K50xas long as short