Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h −0.042%

Price spread now: Aster against Aftermath Perps+0.468%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.468% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.468% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CHIPUSD	0.04661	0.0334	pay 0.0042% / 1h	13m 45s	$144	$38K	5x
Short	Aster CHIPUSDT	0.04683	0.0100	get 0.0050% / 4h	3h 13m	$49K	$238K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath Perps. 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now +0.468%Rate

Funding earned: −$49.15
Price spread: +0.468% → 0.000%: $46.76
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.39
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Aster: live order book, 58 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 58 min ago	6.47 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: 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	−0.0850%	1h	0.04691	+0.639%	$14K	$229K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0296%	1h	0.04659	−0.048%	$17K	$249K	50x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04652	−0.198%	$3K	$140K	5x	as long as short
Nado CHIP-PERP	−0.0139%	1h	0.04685	+0.521%	$234K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0008%	4h	0.04680	+0.403%	$2.0M	$9.1M	20x	as long as short
BloFin CHIP-USDT	+0.0059%	4h	0.04670	+0.188%	$552K	$65K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04682	+0.445%	$87K	$108K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04689	+0.606%	$14.7M	$6.5M	3x	as long as short
Aster CHIPUSDTshort	+0.0100%	4h	0.04683	+0.468%	$49K	$238K	5x
Pacifica CHIP	+0.0100%	1h	0.04681	+0.426%	$13K	$628	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0100%	4h	0.04678	+0.360%	$14.1M	$26.0M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04681	+0.424%	$10.9M	$8.6M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04681	+0.424%	$693K	$911K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04679	+0.381%	$1.8M	$1.2M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04680	+0.403%	$978K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04681	+0.424%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04681	+0.424%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04671	+0.215%	$877K	$467K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04686	+0.531%	$962	$1.1M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04679	+0.381%	$212K	$1.9M	5x	as long as short
Aftermath Perps CHIPUSDlong	+0.0334%	1h	0.04661	long leg	$144	$38K	5x
Coinbase International CHIP-PERP-INTX	+0.0928%	1h	0.04680	+0.409%	$45K	$40K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.1626%	1h	0.04700	+0.823%	$10K	$24K	10x	as long as short