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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h +0.055%
Price spread now: Deribit against KuCoin+0.006%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.04685−0.0034get 0.0017% / 4h2h 19m$984K$1.2M50x
ShortDeribit CHIP_USDC-PERPETUAL0.04685−0.0049pay 0.0006% / 1h19m 43s$9K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
−$3.09
Price spread: +0.006% → 0.000%
$0.64
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$21.45
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago6.48 bp43.4 bp −$43558.9 bp −$5,589doesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni CHIPUSDT−0.0706%1h0.04644−0.875%$16K$246K50xas long as short
Bybit CHIPUSDT−0.0443%4h0.04696+0.235%$10.6M$9.1M20xas long as short
OKX CHIP-USDT-SWAP−0.0286%4h0.04691+0.128%$2.0M$9.5M20xas long as short
Phoenix CHIP−0.0171%1h0.04629−1.195%$3K$129K5xas long as short
Nado CHIP-PERP−0.0102%1h0.04675−0.213%$237K$18K5xas long as short
Deribit CHIP_USDC-PERPETUALshort−0.0049%1h0.04685+0.006%$9K$24K10x
KuCoin CHIPUSDTMlong−0.0034%4h0.04685long leg$984K$1.2M50x
Aftermath Perps CHIPUSD+0.0061%1h0.04656−0.618%$61$37K5xas long as short
Lighter CHIP+0.0096%1h0.04691+0.128%$97K$113K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04695+0.222%$14.6M$6.1M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDT+0.0100%4h0.04689+0.088%$55K$279K5xas long as short
Pacifica CHIP+0.0100%1h0.04691+0.117%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04690+0.105%$14.1M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04687+0.043%$665K$981K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04689+0.085%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04693+0.171%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04693+0.171%$2.0Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04689+0.085%$34K$234K5xas long as short
Variational Omni CHIP+0.0100%4h0.04675−0.210%$823K$481Kas long as short
SunX CHIP-USDT+0.0100%4h0.04674−0.235%$760$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04689+0.089%$212K$1.0M5xas long as short
BloFin CHIP-USDT+0.0133%4h0.04661−0.512%$557K$64K50xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04717+0.687%$45K$37K50xas long as short