Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0724%/8h= +79.3% APRpaid last 24h +0.246%

Price spread now: Coinbase International against SunX+0.518%7-day average — · you sell dearer than you buy

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

Long on SunX 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 +$22 a day on $10k at the current rate, and Coinbase International is 0.518% dearer against SunX than usual: you sell high and buy low: +$52 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	SunX CHIP-USDT	0.04612	0.0100	pay 0.0050% / 4h	1h 00m	$695	$1.1M	10x
Short	Coinbase International CHIP-PERP-INTX	0.04636	0.0824	get 0.0103% / 1h	0m 19s	$45K	$40K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.518%Rate

Funding earned: $152.04
Price spread: +0.518% → 0.000%: $51.82
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $185.86
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 3 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 SunX live order book, 3 min ago	46.63 bp	125.2 bp −$125	doesn't fit	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
Backpack CHIP_USDC_PERP	−0.1231%	1h	0.04615	+0.065%	$15K	$234K	5x	as long as short
Phoenix CHIP	−0.0352%	1h	0.04609	−0.065%	$3K	$143K	5x	as long as short
Nado CHIP-PERP	−0.0146%	1h	0.04614	+0.054%	$231K	$18K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0122%	1h	0.04613	+0.018%	$113	$39K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0117%	4h	0.04614	+0.043%	$1.9M	$9.1M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0075%	1h	0.04614	+0.041%	$10K	$25K	10x	as long as short
BloFin CHIP-USDT	−0.0060%	4h	0.04612	0.000%	$541K	$67K	50x	as long as short
ApeX Omni CHIPUSDT	−0.0051%	1h	0.04610	−0.043%	$14K	$247K	50x	as long as short
Extended CHIP-USD	−0.0016%	1h	0.04611	−0.031%	$210K	$1.3M	5x	as long as short
MEXC CHIP_USDT	−0.0016%	4h	0.04612	0.000%	$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
Binance CHIPUSDT	−0.0013%	4h	0.04611	−0.011%	$13.8M	$26.0M	50x	as long as short
Bybit CHIPUSDT	+0.0067%	4h	0.04614	+0.043%	$10.7M	$8.9M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04613	+0.022%	$86K	$109K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04619	+0.145%	$14.5M	$6.8M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04614	+0.037%	$49K	$231K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04614	+0.054%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04613	+0.022%	$681K	$911K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04613	+0.022%	$987K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04613	+0.022%	$2.0M	$3.1M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04612	0.000%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04609	−0.057%	$849K	$453K	—	as long as short
SunX CHIP-USDTlong	+0.0100%	4h	0.04612	long leg	$695	$1.1M	10x
Coinbase International CHIP-PERP-INTXshort	+0.0824%	1h	0.04636	+0.518%	$45K	$40K	50x