Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1087%/8h= +119.1% APRpaid last 24h +0.248%

Price spread now: Coinbase International against OKX+3.624%7-day average — · you sell dearer than you buy

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

Long on OKX 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 +$33 a day on $10k at the current rate, and Coinbase International is 3.624% dearer against OKX than usual: you sell high and buy low: +$362 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	OKX CHIP-USDT-SWAP	0.04685	−0.0351	get 0.0176% / 4h	52m 38s	$2.0M	$9.5M	20x
Short	Coinbase International CHIP-PERP-INTX	0.04855	0.0736	get 0.0092% / 1h	52m 38s	$47K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +3.624%Rate

Funding earned: $228.35
Price spread: +3.624% → 0.000%: $362.43
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $570.78
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	1.07 bp	25.2 bp −$25	232.9 bp −$2,329	doesn't fit	doesn't fit
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
ApeX Omni CHIPUSDT	−0.1201%	1h	0.04689	+0.085%	$16K	$246K	50x	as long as short
Backpack CHIP_USDC_PERP	−0.0557%	1h	0.04700	+0.320%	$33K	$243K	5x	as long as short
Bybit CHIPUSDT	−0.0530%	4h	0.04690	+0.107%	$10.8M	$9.0M	20x	as long as short
Phoenix CHIP	−0.0510%	1h	0.04726	+0.875%	$3K	$129K	5x	as long as short
OKX CHIP-USDT-SWAPlong	−0.0351%	4h	0.04685	long leg	$2.0M	$9.5M	20x
Aster CHIPUSDT	−0.0091%	4h	0.04700	+0.320%	$50K	$274K	5x	as long as short
Nado CHIP-PERP	−0.0065%	1h	0.04686	+0.032%	$237K	$20K	5x	as long as short
Binance CHIPUSDT	+0.0079%	4h	0.04687	+0.043%	$14.2M	$26.7M	50x	as long as short
Extended CHIP-USD	+0.0080%	1h	0.04684	−0.016%	$214K	$1.9M	5x	as long as short
MEXC CHIP_USDT	+0.0080%	4h	0.04689	+0.085%	$1.8M	$1.2M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CHIP	+0.0096%	1h	0.04690	+0.107%	$87K	$107K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04701	+0.337%	$14.7M	$6.2M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04696	+0.231%	$16K	$3K	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04705	+0.427%	$684K	$949K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04696	+0.235%	$983K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04684	−0.021%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04685	0.000%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04729	+0.933%	$838K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04700	+0.320%	$810	$1.0M	10x	as long as short
BloFin CHIP-USDT	+0.0125%	4h	0.04697	+0.256%	$564K	$63K	50x	as long as short
Aftermath Perps CHIPUSD	+0.0375%	1h	0.04719	+0.722%	$134	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0736%	1h	0.04855	+3.624%	$47K	$42K	50x
Deribit CHIP_USDC-PERPETUAL	+0.1175%	1h	0.04709	+0.514%	$10K	$24K	10x	as long as short