Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Bitget against KuCoin−0.022%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1561.558% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.022%, 7d avg +0.013%

Together, before fees+0.226%+$23 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 0.035% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CHIPUSDTM	0.04577	0.0100	pay 0.0050% / 4h	1h 50m	$979K	$1.1M	50x
Short	Bitget CHIPUSDT	0.04576	0.0100	get 0.0050% / 4h	1h 50m	$2.0M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.013%: −$3.5
Slippage, 4 orders: −$131.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$159.34
Costs to cover: 1.558%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 4 min ago	12.01 bp	65.3 bp −$65	574.2 bp −$5,742	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.46 bp	17.1 bp −$17	69.5 bp −$695	doesn't fit	doesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERP	−0.1063%	1h	0.04573	−0.087%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04580	+0.066%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0246%	4h	0.04575	−0.044%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0224%	1h	0.04575	−0.044%	$229K	$18K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0186%	1h	0.04573	−0.093%	$109	$39K	5x	as long as short
Bybit CHIPUSDT	−0.0155%	4h	0.04579	+0.044%	$10.7M	$9.0M	20x	as long as short
Binance CHIPUSDT	−0.0124%	4h	0.04572	−0.109%	$13.8M	$26.0M	50x	as long as short
Extended CHIP-USD	−0.0120%	1h	0.04571	−0.124%	$207K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0120%	4h	0.04571	−0.131%	$1.8M	$1.2M	50x	as long as short
BloFin CHIP-USDT	−0.0100%	4h	0.04572	−0.109%	$539K	$67K	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04579	+0.035%	$10K	$25K	10x	as long as short
Aster CHIPUSDT	+0.0024%	4h	0.04577	−0.001%	$47K	$229K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04573	−0.087%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04582	+0.103%	$14.4M	$6.8M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04577	−0.011%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04580	+0.066%	$678K	$901K	50x	as long as short
KuCoin CHIPUSDTMlong	+0.0100%	4h	0.04577	long leg	$979K	$1.1M	50x
Bitget CHIPUSDTshort	+0.0100%	4h	0.04576	−0.022%	$2.0M	$3.1M	50x
BingX CHIP-USDT	+0.0100%	4h	0.04571	−0.131%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04571	−0.129%	$840K	$472K	—	as long as short
ApeX Omni CHIPUSDT	+0.0100%	1h	0.04573	−0.087%	$14K	$249K	50x	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04576	−0.022%	$1K	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0824%	1h	0.04757	+3.922%	$46K	$41K	50x	as long as short