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% APRpaid last 24h −0.019%
Price spread now: Bitget against Hyperliquid−0.204%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$840.838% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.117%−$12 on $10k
Price spread, last 7 days+0.145%+$15 · spread now −0.204%, 7d avg −0.122%
Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: Bitget is 0.082% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.122%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.047150.0100pay 0.0013% / 1h58m 39s$14.7M$6.2M3x
ShortBitget CHIPUSDT0.047050.0100get 0.0050% / 4h58m 39s$2.0M$3.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.204% → −0.122%
−$8.19
Slippage, 4 orders
−$62.84
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$92.03
Costs to cover
0.838%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bitget: 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 Hyperliquid live order book, 4 min ago2.33 bp19.4 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago7.43 bp23.6 bp −$2477.0 bp −$770doesn'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−0.0682%1h0.04710−0.098%$16K$245K50xas long as short
Bybit CHIPUSDT−0.0540%4h0.04709−0.119%$10.9M$8.9M20xas long as short
Phoenix CHIP−0.0337%1h0.04710−0.098%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0316%4h0.04703−0.246%$2.0M$9.5M20xas long as short
Backpack CHIP_USDC_PERP−0.0272%1h0.04713−0.034%$32K$242K5xas long as short
Aster CHIPUSDT−0.0087%4h0.04707−0.156%$49K$274K5xas long as short
MEXC CHIP_USDT+0.0070%4h0.04707−0.161%$1.8M$1.2M50xas long as short
Extended CHIP-USD+0.0072%1h0.04702−0.269%$215K$1.9M5xas long as short
Binance CHIPUSDT+0.0075%4h0.04708−0.140%$14.3M$26.6M50xas long as short
BloFin CHIP-USDT+0.0090%4h0.04704−0.225%$571K$63K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CHIP+0.0096%1h0.04709−0.119%$87K$107K3xas long as short
Hyperliquid CHIPlong+0.0100%1h0.04715long leg$14.7M$6.2M3x
Pacifica CHIP+0.0100%1h0.04710−0.098%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04707−0.161%$686K$947K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04707−0.161%$985K$1.1M50xas long as short
Bitget CHIPUSDTshort+0.0100%4h0.04705−0.204%$2.0M$3.3M50x
BingX CHIP-USDT+0.0100%4h0.04704−0.225%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04705−0.213%$838K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04703−0.246%$950$1.0M10xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0132%1h0.04716+0.038%$10K$24K10xas long as short
Nado CHIP-PERP+0.0169%1h0.04703−0.235%$238K$20K5xas long as short
Aftermath Perps CHIPUSD+0.0405%1h0.04723+0.175%$230$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+2.974%$47K$42K50xas long as short