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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0938%/8h= +102.7% APRnext payment +$1.17 per $10,000 · paid last 24h +0.206%
Price spread now: Coinbase International against Aftermath Perps+1.039%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 4 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 +$28 a day on $10k at the current rate, and Coinbase International is 1.039% dearer against Aftermath Perps than usual: you sell high and buy low: +$104 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps CHIPUSD0.04817−0.0042get 0.0005% / 1h50m 32s$261$35K5x
ShortCoinbase International CHIP-PERP-INTX0.048670.0896get 0.0112% / 1h50m 32s$47K$38K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$196.91
Price spread: +1.039% → 0.000%
$103.93
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$281.84
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Coinbase International no order-book sample
Aftermath Perps and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit CHIP_USDC-PERPETUAL−0.0369%1h0.04841+0.506%$10K$23K10xas long as short
Phoenix CHIP−0.0167%1h0.04818+0.022%$3K$122K5xas long as short
OKX CHIP-USDT-SWAP−0.0048%4h0.04842+0.520%$2.2M$9.6M20xas long as short
Aftermath Perps CHIPUSDlong−0.0042%1h0.04817long leg$261$35K5x
KuCoin CHIPUSDTM−0.0016%4h0.04846+0.603%$1.0M$1.1M50xas long as short
BloFin CHIP-USDT+0.0044%4h0.04842+0.520%$578K$118K50xas long as short
Lighter CHIP+0.0096%1h0.04850+0.686%$101K$106K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04856+0.815%$15.0M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04845+0.587%$50K$274K5xas long as short
Pacifica CHIP+0.0100%1h0.04848+0.639%$16K$4K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04841+0.501%$14.6M$26.8M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04846+0.603%$11.1M$9.0M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04851+0.707%$726K$1.0M50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04844+0.562%$1.9M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04845+0.583%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04844+0.562%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04840+0.483%$936K$472Kas long as short
ApeX Omni CHIPUSDT+0.0100%1h0.04817+0.001%$17K$246K50xas long as short
SunX CHIP-USDT+0.0100%4h0.04837+0.416%$689$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04842+0.526%$220K$1.8M5xas long as short
Nado CHIP-PERP+0.0184%1h0.04838+0.427%$245K$18K5xas long as short
Backpack CHIP_USDC_PERP+0.0558%1h0.04841+0.500%$26K$211K5xas long as short
Coinbase International CHIP-PERP-INTXshort+0.0896%1h0.04867+1.039%$47K$38K50x