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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.080%
Price spread now: Deribit against SunX+0.261%7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.261% dearer against SunX than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.045640.0100pay 0.0050% / 4h1h 55m$1K$1.1M10x
ShortDeribit CHIP_USDC-PERPETUAL0.045760.0187get 0.0023% / 1h55m 39s$10K$25K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$18.32
Price spread: +0.261% → 0.000%
$26.07
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$29.4
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: SunX: live order book, 7 min ago; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago47.45 bp127.2 bp −$127doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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−0.0853%1h0.04570+0.131%$16K$234K5xas long as short
ApeX Omni CHIPUSDT−0.0656%1h0.04540−0.526%$14K$249K50xas long as short
OKX CHIP-USDT-SWAP−0.0258%4h0.04576+0.263%$1.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0233%1h0.04567+0.066%$229K$18K5xas long as short
Bybit CHIPUSDT−0.0192%4h0.04575+0.241%$10.7M$9.0M20xas long as short
Phoenix CHIP−0.0173%1h0.04548−0.351%$3K$143K5xas long as short
Aftermath Perps CHIPUSD−0.0159%1h0.04560−0.097%$109$39K5xas long as short
BloFin CHIP-USDT−0.0141%4h0.04556−0.175%$544K$65K50xas long as short
Extended CHIP-USD−0.0128%1h0.04573+0.193%$207K$1.3M5xas long as short
Binance CHIPUSDT−0.0126%4h0.04570+0.131%$13.8M$26.0M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT−0.0126%4h0.04569+0.110%$1.8M$1.2M50xas long as short
Aster CHIPUSDT+0.0010%4h0.04572+0.169%$47K$229K5xas long as short
Lighter CHIP+0.0096%1h0.04575+0.241%$85K$109K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04577+0.283%$14.4M$6.8M3xas long as short
Pacifica CHIP+0.0100%1h0.04575+0.245%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04573+0.197%$678K$901K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04571+0.153%$977K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04575+0.241%$2.0M$3.1M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04572+0.175%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04545−0.409%$835K$472Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04564long leg$1K$1.1M10x
Deribit CHIP_USDC-PERPETUALshort+0.0187%1h0.04576+0.261%$10K$25K10x
Coinbase International CHIP-PERP-INTX+0.0824%1h0.04757+4.218%$46K$41K50xas long as short