Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0898%/8h= +98.3% APRpaid last 24h +0.246%

Price spread now: Coinbase International against MEXC+3.854%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 +$27 a day on $10k at the current rate, and Coinbase International is 3.854% dearer against MEXC than usual: you sell high and buy low: +$385 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	MEXC CHIP_USDT	0.04580	−0.0082	get 0.0041% / 4h	2h 47m	$1.8M	$1.2M	50x
Short	Coinbase International CHIP-PERP-INTX	0.04757	0.0816	get 0.0102% / 1h	47m 49s	$46K	$41K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +3.854%Rate

Funding earned: $188.58
Price spread: +3.854% → 0.000%: $385.37
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $563.95
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	2.18 bp	5.9 bp −$6	35.9 bp −$359	246.5 bp −$24.7K	787.4 bp −$393.7K
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	−0.2121%	1h	0.04583	+0.066%	$16K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.1045%	1h	0.04582	+0.044%	$14K	$248K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0447%	1h	0.04585	+0.118%	$10K	$24K	10x	as long as short
Bybit CHIPUSDT	−0.0446%	4h	0.04582	+0.044%	$10.7M	$8.9M	20x	as long as short
Nado CHIP-PERP	−0.0180%	1h	0.04581	+0.022%	$229K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0176%	4h	0.04578	−0.044%	$1.9M	$9.1M	20x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04583	+0.066%	$3K	$143K	5x	as long as short
BloFin CHIP-USDT	−0.0135%	4h	0.04578	−0.044%	$547K	$66K	50x	as long as short
Extended CHIP-USD	−0.0088%	1h	0.04579	−0.020%	$209K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0085%	4h	0.04577	−0.056%	$13.8M	$25.6M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CHIP_USDTlong	−0.0082%	4h	0.04580	long leg	$1.8M	$1.2M	50x
Aster CHIPUSDT	−0.0073%	4h	0.04586	+0.131%	$41K	$226K	5x	as long as short
Aftermath Perps CHIPUSD	+0.0055%	1h	0.04597	+0.369%	$144	$39K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04584	+0.087%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04586	+0.133%	$14.7M	$6.6M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04583	+0.068%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04582	+0.044%	$688K	$891K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04580	0.000%	$988K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04582	+0.044%	$1.9M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04577	−0.066%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04585	+0.110%	$836K	$463K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04579	−0.022%	$577	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0816%	1h	0.04757	+3.854%	$46K	$41K	50x