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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h −0.009%
Price spread now: Extended against KuCoin−0.049%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1411.410% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.187%+$19 on $10k
Price spread, last 7 days−0.161%−$16 · spread now −0.049%, 7d avg −0.118%
Together, before fees+0.026%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.069% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.118%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.04637−0.0052get 0.0026% / 4h2h 23m$974K$1.2M50x
ShortExtended CHIP-USD0.046350.0096get 0.0012% / 1h23m 13s$211K$1.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$31.08
Price spread: −0.049% → −0.118%
$6.88
Slippage, 4 orders
−$124.03
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$103.07
Costs to cover
1.410%
Break-even
30.2 days
Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 5 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 KuCoin live order book, 2 min ago6.48 bp43.4 bp −$43558.9 bp −$5,589doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago3.25 bp34.1 bp −$34256.0 bp −$2,560doesn'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−0.0767%1h0.04627−0.216%$16K$246K50xas long as short
Bybit CHIPUSDT−0.0489%4h0.04640+0.065%$10.5M$9.1M20xas long as short
OKX CHIP-USDT-SWAP−0.0296%4h0.04634−0.065%$2.0M$9.4M20xas long as short
Phoenix CHIP−0.0171%1h0.04629−0.173%$3K$129K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0116%1h0.04640+0.069%$9K$24K10xas long as short
Nado CHIP-PERP−0.0093%1h0.04636−0.022%$235K$18K5xas long as short
KuCoin CHIPUSDTMlong−0.0052%4h0.04637long leg$974K$1.2M50x
Gate CHIP_USDT+0.0004%4h0.04639+0.043%$657K$978K50xas long as short
Aftermath Perps CHIPUSD+0.0083%1h0.04639+0.052%$109$37K5xas long as short
BloFin CHIP-USDT+0.0089%4h0.04642+0.108%$560K$64K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT+0.0090%4h0.046370.000%$1.7M$1.2M50xas long as short
Binance CHIPUSDT+0.0094%4h0.04636−0.019%$13.9M$27.1M50xas long as short
Lighter CHIP+0.0096%1h0.04643+0.129%$96K$113K3xas long as short
Extended CHIP-USDshort+0.0096%1h0.04635−0.049%$211K$1.0M5x
Hyperliquid CHIP+0.0100%1h0.04648+0.237%$14.4M$6.1M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04639+0.034%$54K$279K5xas long as short
Pacifica CHIP+0.0100%1h0.04644+0.147%$16K$3K3xas long as short
Bitget CHIPUSDT+0.0100%4h0.04640+0.065%$1.9M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04638+0.022%$2.0Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04649+0.259%$35K$235K5xas long as short
Variational Omni CHIP+0.0100%4h0.04625−0.264%$813K$481Kas long as short
SunX CHIP-USDT+0.0100%4h0.04635−0.043%$798$1.0M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04717+1.730%$45K$37K50xas long as short