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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Gate−0.125%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$322as in the Funding arb table
Net, price: spread back to 7d avg − costs−$325as in the Price arb table
costs, in and out, $10k−$3243.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.125%, 7d avg −0.113%
Together, before fees+0.192%+$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.047910.0100pay 0.0050% / 4h1h 08m$686K$996K50x
ShortSunX CHIP-USDT0.047850.0100get 0.0050% / 4h1h 08m$984$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.125% → −0.113%
−$1.23
Slippage, 4 orders
−$300.97
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$325.19
Costs to cover
3.240%
Break-even
never at this rate
Slippage from Gate: live order book, 34 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 Gate live order book, 34 min ago10.45 bp33.2 bp −$33236.8 bp −$2,368doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago46.99 bp129.3 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
ApeX Omni CHIPUSDT−0.0367%1h0.04782−0.188%$17K$245K50xas long as short
Bybit CHIPUSDT−0.0321%4h0.04788−0.063%$10.9M$9.0M20xas long as short
Nado CHIP-PERP−0.0196%1h0.04789−0.042%$242K$18K5xas long as short
OKX CHIP-USDT-SWAP−0.0190%4h0.04784−0.146%$2.1M$9.8M20xas long as short
Phoenix CHIP−0.0171%1h0.04797+0.125%$3K$128K5xas long as short
KuCoin CHIPUSDTM−0.0062%4h0.04786−0.104%$1.0M$1.1M50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0022%1h0.04786−0.115%$10K$23K10xas long as short
Aftermath Perps CHIPUSD+0.0012%1h0.04801+0.213%$63$36K5xas long as short
BloFin CHIP-USDT+0.0061%4h0.04781−0.209%$575K$100K50xas long as short
Lighter CHIP+0.0096%1h0.04787−0.083%$99K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04793+0.050%$14.8M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04788−0.069%$54K$271K5xas long as short
Pacifica CHIP+0.0100%1h0.04790−0.025%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04783−0.157%$14.4M$27.0M50xas long as short
Gate CHIP_USDTlong+0.0100%4h0.04791long leg$686K$996K50x
MEXC CHIP_USDT+0.0100%4h0.04784−0.146%$1.8M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04787−0.083%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04786−0.104%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04788−0.063%$26K$235K5xas long as short
Variational Omni CHIP+0.0100%4h0.04786−0.102%$884K$442Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04785−0.125%$984$1.0M10x
Extended CHIP-USD+0.0104%1h0.04782−0.184%$220K$1.6M5xas long as short
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04839+1.008%$46K$38K50xas long as short