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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: BingX against Hyperliquid−0.165%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$690.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.121%−$12 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.165%, 7d avg −0.161%
Together, before fees−0.093%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.046160.0100pay 0.0013% / 1h3m 22s$14.5M$6.8M3x
ShortBingX CHIP-USDT0.046080.0100get 0.0050% / 4h1h 03m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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: −0.165% → −0.161%
−$0.4
Slippage, 4 orders
−$49.89
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$69.28
Costs to cover
0.689%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; BingX: live order book, 9 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 Hyperliquid live order book, 9 min ago0.98 bp13.9 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago4.34 bp18.3 bp −$1864.7 bp −$647728.0 bp −$72.8Kdoesn'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−0.1253%1h0.04611−0.100%$16K$233K5xas long as short
Phoenix CHIP−0.0352%1h0.04614−0.035%$3K$143K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0249%1h0.04611−0.095%$10K$25K10xas long as short
Nado CHIP-PERP−0.0146%1h0.04608−0.165%$231K$18K5xas long as short
OKX CHIP-USDT-SWAP−0.0132%4h0.04609−0.143%$1.9M$9.2M20xas long as short
Aftermath Perps CHIPUSD−0.0127%1h0.04612−0.078%$113$39K5xas long as short
ApeX Omni CHIPUSDT−0.0065%1h0.04611−0.100%$14K$247K50xas long as short
BloFin CHIP-USDT−0.0033%4h0.04607−0.186%$541K$67K50xas long as short
Extended CHIP-USD−0.0024%1h0.04607−0.184%$210K$1.3M5xas long as short
MEXC CHIP_USDT−0.0024%4h0.04607−0.186%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT−0.0021%4h0.04607−0.186%$13.8M$26.0M50xas long as short
Bybit CHIPUSDT+0.0050%4h0.04610−0.121%$10.7M$8.9M20xas long as short
Lighter CHIP+0.0096%1h0.04612−0.078%$86K$109K3xas long as short
Hyperliquid CHIPlong+0.0100%1h0.04616long leg$14.5M$6.8M3x
Aster CHIPUSDT+0.0100%4h0.04613−0.056%$49K$231K5xas long as short
Pacifica CHIP+0.0100%1h0.04611−0.110%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04610−0.121%$681K$911K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04608−0.165%$986K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04611−0.100%$2.0M$3.1M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04608−0.165%$1.9M
Variational Omni CHIP+0.0100%4h0.04613−0.059%$849K$453Kas long as short
SunX CHIP-USDT+0.0100%4h0.04607−0.186%$634$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0824%1h0.04636+0.440%$45K$40K50xas long as short