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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against SunX−0.563%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$366as in the Price arb table
costs, in and out, $10k−$3053.051% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.064%−$6 on $10k
Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.563%, 7d avg +0.043%
Together, before fees+0.330%+ Points / potential airdropLighter: Season 3 · farm board+$33 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: Lighter is 0.606% cheaper against SunX than usual: you would sell low and buy high, −$61 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.046180.0100pay 0.0050% / 4h2h 55m$752$1.0M10x
ShortLighter CHIP0.045920.0096get 0.0012% / 1h55m 28s$85K$108K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: −0.563% → +0.043%
−$60.6
Slippage, 4 orders
−$297.13
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$366.57
Costs to cover
3.051%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; Lighter: live order book, 59 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 ago46.13 bp125.2 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 59 min ago16.21 bp19.8 bp −$20117.9 bp −$1,179doesn'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
ApeX Omni CHIPUSDT−0.1319%1h0.04662+0.953%$16K$251K50xas long as short
Backpack CHIP_USDC_PERP−0.0750%1h0.04619+0.022%$14K$224K5xas long as short
Phoenix CHIP−0.0172%1h0.04655+0.801%$3K$129K5xas long as short
Nado CHIP-PERP−0.0073%1h0.04596−0.466%$231K$19K5xas long as short
OKX CHIP-USDT-SWAP−0.0023%4h0.04585−0.715%$1.9M$9.0M20xas long as short
Lighter CHIPshort+0.0096%1h0.04592−0.563%$85K$108K3x
Hyperliquid CHIP+0.0100%1h0.04601−0.377%$14.4M$6.5M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04591−0.585%$48K$254K5xas long as short
Pacifica CHIP+0.0100%1h0.04593−0.544%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04591−0.590%$13.8M$26.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.04590−0.606%$10.7M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04594−0.520%$673K$908K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04591−0.585%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04593−0.541%$962K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04588−0.650%$1.9M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04592−0.563%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04631+0.277%$870K$458Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04618long leg$752$1.0M10x
Extended CHIP-USD+0.0104%1h0.04595−0.489%$213K$1.9M5xas long as short
BloFin CHIP-USDT+0.0138%4h0.04653+0.758%$552K$65K50xas long as short
Aftermath Perps CHIPUSD+0.0294%1h0.04655+0.800%$118$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+2.092%$45K$40K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.1306%1h0.04635+0.362%$10K$24K10xas long as short