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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against SunX+0.065%53s7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$337as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3353.349% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.065%, 7d avg +0.113%
Together, before fees−0.252%−$25 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: Gate is 0.047% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.113%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.045910.0100pay 0.0050% / 4h1h 24m$692$1.1M10x
ShortGate CHIP_USDT0.045940.0100get 0.0050% / 4h1h 24m$677K$904K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.065% → +0.113%
−$4.75
Slippage, 4 orders
−$311.93
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$339.68
Costs to cover
3.349%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Gate: live order book, 57 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, 9 min ago47.91 bp126.3 bp −$126doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 57 min ago13.02 bp38.5 bp −$38234.0 bp −$2,340doesn'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−0.1270%1h0.04593+0.044%$16K$234K5xas long as short
Phoenix CHIP−0.0352%1h0.04587−0.087%$3K$143K5xas long as short
OKX CHIP-USDT-SWAP−0.0167%4h0.045910.000%$1.9M$9.1M20xas long as short
Aftermath Perps CHIPUSD−0.0161%1h0.04593+0.046%$110$39K5xas long as short
Nado CHIP-PERP−0.0107%1h0.04593+0.044%$230K$18K5xas long as short
MEXC CHIP_USDT−0.0074%4h0.04590−0.022%$1.8M$1.2M50xas long as short
Extended CHIP-USD−0.0072%1h0.04590−0.030%$209K$1.3M5xas long as short
Binance CHIPUSDT−0.0070%4h0.045910.000%$13.8M$26.0M50xas long as short
ApeX Omni CHIPUSDT−0.0049%1h0.04598+0.152%$14K$247K50xas long as short
BloFin CHIP-USDT−0.0044%4h0.04590−0.022%$539K$67K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0058%4h0.04593+0.044%$10.7M$8.9M20xas long as short
Aster CHIPUSDT+0.0089%4h0.04591+0.009%$47K$229K5xas long as short
Lighter CHIP+0.0096%1h0.04596+0.109%$85K$109K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04596+0.102%$14.5M$6.7M3xas long as short
Pacifica CHIP+0.0100%1h0.04594+0.074%$13K$6283xas long as short
Gate CHIP_USDTshort+0.0100%4h0.04594+0.065%$677K$904K50x
KuCoin CHIPUSDTM+0.0100%4h0.04593+0.044%$978K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04592+0.022%$2.0M$3.1M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04593+0.044%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04597+0.129%$846K$455Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04591long leg$692$1.1M10x
Deribit CHIP_USDC-PERPETUAL+0.0185%1h0.04599+0.170%$10K$25K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0824%1h0.04618+0.595%$45K$39K50xas long as short