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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.007%
Price spread now: OKX against Pacifica−0.021%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica CHIP0.046520.0100pay 0.0013% / 1h19m 41s$13K$6283x
ShortOKX CHIP-USDT-SWAP0.04651−0.0017pay 0.0008% / 4h3h 19m$1.9M$9.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Pacifica. 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
−$24.51
Price spread: −0.021% → 0.000%
−$2.15
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$44.66
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell OKX live order book, 3 min ago3.22 bp25.0 bp −$25174.1 bp −$1,741doesn't fitdoesn't fit
Pacifica: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack CHIP_USDC_PERP−0.1014%1h0.04640−0.258%$14K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0301%1h0.04647−0.107%$17K$249K50xas long as short
Phoenix CHIP−0.0172%1h0.04653+0.021%$3K$140K5xas long as short
Nado CHIP-PERP−0.0153%1h0.04640−0.258%$232K$18K5xas long as short
OKX CHIP-USDT-SWAPshort−0.0017%4h0.04651−0.021%$1.9M$9.1M20x
BloFin CHIP-USDT+0.0064%4h0.04639−0.279%$546K$65K50xas long as short
Lighter CHIP+0.0096%1h0.04650−0.043%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04654+0.039%$14.6M$6.5M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04653+0.017%$48K$237K5xas long as short
Pacifica CHIPlong+0.0100%1h0.04652long leg$13K$6283x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04650−0.043%$14.0M$26.0M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04653+0.021%$10.8M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04650−0.043%$688K$908K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04645−0.150%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04650−0.043%$973K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04650−0.043%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04649−0.064%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04642−0.221%$872K$467Kas long as short
SunX CHIP-USDT+0.0100%4h0.04641−0.236%$856$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04647−0.108%$211K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0340%1h0.04646−0.126%$196$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0396%1h0.04646−0.125%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04664+0.256%$45K$40K50xas long as short