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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: SunX against Hyperliquid−0.272%7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2842.835% 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 4 days (all we have)+0.405%+$41 · spread now −0.272%, 7d avg −0.214%
Together, before fees+0.288%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 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: SunX is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.214%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.046780.0100pay 0.0013% / 1h9m 10s$14.5M$6.1M3x
ShortSunX CHIP-USDT0.046650.0100get 0.0050% / 4h3h 09m$716$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.272% → −0.214%
−$5.72
Slippage, 4 orders
−$266.54
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$289.26
Costs to cover
2.835%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 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 Hyperliquid live order book, 4 min ago1.38 bp10.2 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 4 min ago45.90 bp128.9 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
Phoenix CHIP−0.0338%1h0.04690+0.263%$3K$137K5xas long as short
Bybit CHIPUSDT−0.0325%4h0.04678+0.006%$10.6M$9.0M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0306%1h0.04670−0.169%$9K$24K10xas long as short
OKX CHIP-USDT-SWAP−0.0233%4h0.04674−0.079%$2.0M$9.6M20xas long as short
ApeX Omni CHIPUSDT−0.0171%1h0.04688+0.220%$16K$245K50xas long as short
Nado CHIP-PERP−0.0026%1h0.04665−0.261%$236K$18K5xas long as short
KuCoin CHIPUSDTM+0.0092%4h0.04673−0.100%$967K$1.1M50xas long as short
Lighter CHIP+0.0096%1h0.04674−0.079%$96K$115K3xas long as short
Hyperliquid CHIPlong+0.0100%1h0.04678long leg$14.5M$6.1M3x
Aster CHIPUSDT+0.0100%4h0.04680+0.041%$56K$279K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04677−0.019%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04676−0.036%$14.1M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04676−0.036%$670K$988K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04674−0.079%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04674−0.079%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04674−0.079%$2.0Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04682+0.092%$34K$230K5xas long as short
Variational Omni CHIP+0.0100%4h0.04686+0.170%$829K$476Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04665−0.272%$716$1.0M10x
Extended CHIP-USD+0.0104%1h0.04665−0.266%$216K$1.0M5xas long as short
BloFin CHIP-USDT+0.0143%4h0.04672−0.122%$561K$65K50xas long as short
Aftermath Perps CHIPUSD+0.0228%1h0.04689+0.242%$68$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+1.866%$46K$37K50xas long as short