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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Hyperliquid against KuCoin+0.147%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1151.146% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.329%+$33 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.147%, 7d avg +0.134%
Together, before fees+0.283%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.047070.0100pay 0.0050% / 4h34m 58s$992K$1.1M50x
ShortHyperliquid CHIP0.047140.0100get 0.0013% / 1h34m 58s$14.8M$6.8M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: +0.147% → +0.134%
$1.29
Slippage, 4 orders
−$93.58
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$113.29
Costs to cover
1.146%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 8 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, 5 min ago6.38 bp47.2 bp −$47543.5 bp −$5,435doesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago0.64 bp17.5 bp −$18doesn'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
Backpack CHIP_USDC_PERP−0.1250%1h0.04703−0.085%$14K$234K5xas long as short
Phoenix CHIP−0.0173%1h0.04708+0.021%$3K$140K5xas long as short
Aftermath Perps CHIPUSD−0.0078%1h0.04704−0.054%$87$39K5xas long as short
OKX CHIP-USDT-SWAP−0.0054%4h0.04697−0.212%$2.0M$9.3M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04711+0.079%$10K$24K10xas long as short
ApeX Omni CHIPUSDT+0.0026%1h0.04714+0.149%$14K$248K50xas long as short
Extended CHIP-USD+0.0032%1h0.04700−0.155%$215K$1.3M5xas long as short
Binance CHIPUSDT+0.0032%4h0.04701−0.132%$14.1M$26.2M50xas long as short
MEXC CHIP_USDT+0.0032%4h0.04703−0.085%$1.8M$1.1M50xas long as short
Bybit CHIPUSDT+0.0046%4h0.04700−0.149%$11.0M$8.9M20xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDT+0.0057%4h0.04703−0.085%$549K$67K50xas long as short
Lighter CHIP+0.0096%1h0.04704−0.064%$87K$108K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04714+0.147%$14.8M$6.8M3x
Aster CHIPUSDT+0.0100%4h0.04707−0.010%$51K$236K5xas long as short
Pacifica CHIP+0.0100%1h0.04709+0.053%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04709+0.042%$696K$912K50xas long as short
KuCoin CHIPUSDTMlong+0.0100%4h0.04707long leg$992K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04704−0.064%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04699−0.170%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04704−0.054%$885K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.04705−0.042%$922$1.1M10xas long as short
Nado CHIP-PERP+0.0375%1h0.04704−0.064%$235K$18K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04739+0.673%$46K$41K50xas long as short