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

CHIP

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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 −0.015%
Price spread now: Bybit against SunX+0.422%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$348as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$3373.369% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 3 days (all we have)−0.514%−$51 · spread now +0.422%, 7d avg +0.081%
Together, before fees−0.628%−$63 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: Bybit is 0.341% dearer against SunX than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.047410.0100pay 0.0050% / 4h2h 11m$898$1.0M10x
ShortBybit CHIPUSDT0.047610.0100get 0.0050% / 4h2h 11m$11.1M$8.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.422% → +0.081%
$34.11
Slippage, 4 orders
−$317.87
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$302.77
Costs to cover
3.369%
Break-even
never at this rate
Slippage from SunX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago47.40 bp126.4 bp −$126doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago3.17 bp42.8 bp −$43166.8 bp −$1,668doesn't fitdoesn't fit

CHIP on 22 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−0.1372%1h0.04755+0.295%$16K$221K5xas long as short
Phoenix CHIP−0.0172%1h0.04720−0.443%$3K$129K5xas long as short
ApeX Omni CHIPUSDT−0.0123%1h0.04727−0.295%$16K$244K50xas long as short
Nado CHIP-PERP−0.0063%1h0.04746+0.116%$239K$19K5xas long as short
OKX CHIP-USDT-SWAP−0.0031%4h0.04755+0.295%$2.0M$9.4M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04762+0.447%$10K$24K10xas long as short
Lighter CHIP+0.0096%1h0.04754+0.274%$88K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04769+0.582%$15.0M$6.2M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04757+0.344%$37K$260K5xas long as short
Pacifica CHIP+0.0100%1h0.04745+0.093%$14K$6043xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04762+0.439%$14.3M$26.1M50xas long as short
Bybit CHIPUSDTshort+0.0100%4h0.04761+0.422%$11.1M$8.7M20x
Gate CHIP_USDT+0.0100%4h0.04749+0.169%$696K$961K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04759+0.380%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04756+0.316%$994K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04762+0.443%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04758+0.359%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04716−0.525%$894K$467Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04741long leg$898$1.0M10x
Extended CHIP-USD+0.0104%1h0.04759+0.376%$217K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0436%1h0.04722−0.393%$145$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04766+0.538%$46K$41K50xas long as short