Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0299%/8h= −32.7% APRpaid last 24h +0.082%

Price spread now: Deribit against MEXC+0.144%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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.144% dearer against MEXC than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CHIP_USDT	0.04571	−0.0084	get 0.0042% / 4h	2h 44m	$1.8M	$1.2M	50x
Short	Deribit CHIP_USDC-PERPETUAL	0.04578	−0.0383	pay 0.0048% / 1h	44m 50s	$10K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$62.81
Price spread: +0.144% → 0.000%: $14.44
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.37
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	1.09 bp	10.0 bp −$10	51.5 bp −$515	211.2 bp −$21.1K	622.2 bp −$311.1K
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERP	−0.2133%	1h	0.04573	+0.044%	$16K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0761%	1h	0.04583	+0.263%	$14K	$248K	50x	as long as short
Bybit CHIPUSDT	−0.0459%	4h	0.04576	+0.109%	$10.7M	$8.9M	20x	as long as short
Deribit CHIP_USDC-PERPETUALshort	−0.0383%	1h	0.04578	+0.144%	$10K	$24K	10x
OKX CHIP-USDT-SWAP	−0.0193%	4h	0.04575	+0.088%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0183%	1h	0.04573	+0.044%	$229K	$18K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04583	+0.263%	$3K	$143K	5x	as long as short
Binance CHIPUSDT	−0.0089%	4h	0.04571	−0.010%	$13.8M	$25.6M	50x	as long as short
Extended CHIP-USD	−0.0088%	1h	0.04575	+0.078%	$209K	$1.3M	5x	as long as short
MEXC CHIP_USDTlong	−0.0084%	4h	0.04571	long leg	$1.8M	$1.2M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin CHIP-USDT	−0.0075%	4h	0.04571	0.000%	$548K	$65K	50x	as long as short
Aster CHIPUSDT	−0.0071%	4h	0.04580	+0.206%	$41K	$226K	5x	as long as short
Aftermath Perps CHIPUSD	+0.0051%	1h	0.04590	+0.414%	$85	$39K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04575	+0.088%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04580	+0.206%	$14.7M	$6.6M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04575	+0.079%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04580	+0.197%	$688K	$898K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04575	+0.088%	$987K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04577	+0.131%	$1.9M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04572	+0.022%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04582	+0.230%	$834K	$463K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04569	−0.044%	$639	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0816%	1h	0.04757	+4.058%	$46K	$41K	50x	as long as short