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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter+0.042%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 4 days (all we have)+0.625%+$63 · spread now +0.042%, 7d avg +0.040%
Together, before fees+0.689%+ Points / potential airdropLighter: Season 3 · farm board+$69 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CHIP0.047960.0096pay 0.0012% / 1h20m 13s$89K$107K3x
ShortBitget CHIPUSDT0.047980.0100get 0.0050% / 4h1h 20m$2.0M$3.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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
$0.84
Price spread: +0.042% → +0.040%
$0.19
Slippage, 4 orders
−$93.34
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$104.31
Costs to cover
1.053%
Break-even
876.3 days
Slippage from Lighter: live order book, 24 min ago; Bitget: live order book, 3 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 Lighter live order book, 24 min ago10.52 bp29.6 bp −$30118.5 bp −$1,185doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago7.28 bp27.7 bp −$2886.6 bp −$866doesn'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−0.0592%1h0.04800+0.083%$16K$245K50xas long as short
Bybit CHIPUSDT−0.0576%4h0.04802+0.125%$11.1M$8.9M20xas long as short
Backpack CHIP_USDC_PERP−0.0440%1h0.04817+0.438%$26K$237K5xas long as short
Phoenix CHIP−0.0337%1h0.04798+0.042%$3K$130K5xas long as short
OKX CHIP-USDT-SWAP−0.0269%4h0.04792−0.083%$2.1M$9.6M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0145%1h0.04804+0.156%$10K$24K10xas long as short
Aster CHIPUSDT−0.0033%4h0.04808+0.256%$46K$271K5xas long as short
Lighter CHIPlong+0.0096%1h0.04796long leg$89K$107K3x
Hyperliquid CHIP+0.0100%1h0.04812+0.327%$15.1M$6.1M3xas long as short
Pacifica CHIP+0.0100%1h0.04803+0.146%$14K$6893xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04793−0.063%$14.5M$26.4M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04811+0.313%$710K$950K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04795−0.021%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04806+0.209%$1.0M$1.1M50xas long as short
Bitget CHIPUSDTshort+0.0100%4h0.04798+0.042%$2.0M$3.3M50x
BingX CHIP-USDT+0.0100%4h0.04797+0.021%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04817+0.430%$857K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04797+0.021%$772$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04793−0.057%$221K$1.9M5xas long as short
Nado CHIP-PERP+0.0116%1h0.04796+0.010%$242K$19K5xas long as short
BloFin CHIP-USDT+0.0125%4h0.04816+0.417%$575K$63K50xas long as short
Aftermath Perps CHIPUSD+0.0400%1h0.04805+0.181%$123$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0832%1h0.04855+1.226%$47K$42K50xas long as short