Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0724%/8h= +79.3% APRpaid last 24h +0.253%

Price spread now: Coinbase International against KuCoin+3.740%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 3.740% dearer against KuCoin than usual: you sell high and buy low: +$374 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CHIPUSDTM	0.04585	0.0100	pay 0.0050% / 4h	1h 38m	$974K	$1.0M	50x
Short	Coinbase International CHIP-PERP-INTX	0.04757	0.0824	get 0.0103% / 1h	38m 47s	$46K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +3.740%Rate

Funding earned: $152.04
Price spread: +3.740% → 0.000%: $374.05
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $504.09
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 1 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 1 min ago	5.45 bp	48.2 bp −$48	558.2 bp −$5,582	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1270%	1h	0.04587	+0.044%	$16K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04581	−0.087%	$3K	$143K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0226%	4h	0.04586	+0.022%	$1.9M	$9.1M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0203%	1h	0.04584	−0.032%	$148	$39K	5x	as long as short
Nado CHIP-PERP	−0.0162%	1h	0.04589	+0.087%	$230K	$18K	5x	as long as short
Extended CHIP-USD	−0.0120%	1h	0.04586	+0.015%	$209K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0116%	4h	0.04582	−0.065%	$1.8M	$1.2M	50x	as long as short
Binance CHIPUSDT	−0.0113%	4h	0.04582	−0.056%	$13.8M	$25.9M	50x	as long as short
ApeX Omni CHIPUSDT	−0.0109%	1h	0.04577	−0.174%	$14K	$248K	50x	as long as short
BloFin CHIP-USDT	−0.0094%	4h	0.04583	−0.044%	$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
Bybit CHIPUSDT	−0.0049%	4h	0.04587	+0.044%	$10.7M	$8.9M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04592	+0.157%	$10K	$25K	10x	as long as short
Aster CHIPUSDT	+0.0045%	4h	0.04586	+0.022%	$47K	$229K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04587	+0.044%	$85K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04592	+0.161%	$14.5M	$6.8M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04586	+0.022%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04588	+0.065%	$679K	$902K	50x	as long as short
KuCoin CHIPUSDTMlong	+0.0100%	4h	0.04585	long leg	$974K	$1.0M	50x
Bitget CHIPUSDT	+0.0100%	4h	0.04587	+0.044%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04586	+0.022%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04580	−0.110%	$844K	$465K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04585	0.000%	$977	$1.1M	10x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0824%	1h	0.04757	+3.740%	$46K	$41K	50x