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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against SunX+0.232%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2932.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 4 days (all we have)−1.473%−$147 · spread now +0.232%, 7d avg +0.018%
Together, before fees−1.491%−$149 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.214% dearer against SunX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.047410.0100pay 0.0050% / 4h1h 45m$683$1.0M10x
ShortBinance CHIPUSDT0.047520.0100get 0.0050% / 4h1h 45m$14.4M$26.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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
Price spread: +0.232% → +0.018%
$21.42
Slippage, 4 orders
−$275.05
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$271.62
Costs to cover
2.930%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; Binance: live order book, 10 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 SunX live order book, 7 min ago48.55 bp127.0 bp −$127doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 10 min ago1.05 bp18.3 bp −$18112.1 bp −$1,121doesn'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
Backpack CHIP_USDC_PERP−0.1823%1h0.04759+0.380%$22K$210K5xas long as short
Phoenix CHIP−0.0337%1h0.04747+0.127%$3K$130K5xas long as short
ApeX Omni CHIPUSDT−0.0323%1h0.04733−0.169%$16K$244K50xas long as short
Bybit CHIPUSDT−0.0283%4h0.04758+0.359%$11.0M$8.8M20xas long as short
OKX CHIP-USDT-SWAP−0.0177%4h0.04752+0.232%$2.0M$9.5M20xas long as short
Aster CHIPUSDT+0.0019%4h0.04758+0.366%$45K$271K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0065%1h0.04768+0.565%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0067%4h0.04744+0.063%$65K50xas long as short
Lighter CHIP+0.0096%1h0.04760+0.401%$88K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04771+0.637%$15.0M$6.1M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04755+0.287%$14K$6883xas long as short
Binance CHIPUSDTshort+0.0100%4h0.04752+0.232%$14.4M$26.3M50x
Gate CHIP_USDT+0.0100%4h0.04754+0.274%$701K$944K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04753+0.253%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04758+0.359%$1.0M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04753+0.253%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04754+0.274%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04761+0.415%$843K$527Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04741long leg$683$1.0M10x
Extended CHIP-USD+0.0104%1h0.04750+0.187%$216K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0322%1h0.04748+0.154%$83$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0832%1h0.04788+0.998%$46K$41K50xas long as short
Nado CHIP-PERP+0.1109%1h0.04752+0.232%$240K$19K5xas long as short