Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h −0.040%

Price spread now: SunX against Aftermath Perps+0.666%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 SunX

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—needs both histories

The price spread pays, funding is against you. SunX is 0.666% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.666% now, against zero (this spread has no 7-day history yet)): +$67 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CHIPUSD	0.04680	0.0423	pay 0.0053% / 1h	20m 37s	$93	$38K	5x
Short	SunX CHIP-USDT	0.04711	0.0100	get 0.0050% / 4h	2h 20m	$832	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.666%Rate

Funding earned: −$67.81
Price spread: +0.666% → 0.000%: $66.61
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$18.2
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 2 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 SunX live order book, 2 min ago	46.90 bp	129.8 bp −$130	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 22 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	−0.1216%	1h	0.04711	+0.666%	$16K	$221K	5x	as long as short
Phoenix CHIP	−0.0172%	1h	0.04665	−0.317%	$3K	$129K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0165%	1h	0.04701	+0.452%	$16K	$244K	50x	as long as short
Nado CHIP-PERP	−0.0023%	1h	0.04709	+0.613%	$237K	$19K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0022%	4h	0.04711	+0.666%	$2.0M	$9.3M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04714	+0.730%	$87K	$108K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04725	+0.967%	$14.9M	$6.1M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04715	+0.748%	$37K	$255K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04714	+0.739%	$14K	$628	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04712	+0.687%	$14.2M	$25.9M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CHIPUSDT	+0.0100%	4h	0.04715	+0.752%	$11.0M	$8.6M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04716	+0.773%	$697K	$954K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04713	+0.709%	$1.8M	$1.1M	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04714	+0.730%	$988K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04714	+0.730%	$2.0M	$3.2M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04712	+0.687%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04714	+0.733%	$892K	$464K	—	as long as short
SunX CHIP-USDTshort	+0.0100%	4h	0.04711	+0.666%	$832	$1.0M	10x
Extended CHIP-USD	+0.0104%	1h	0.04712	+0.682%	$214K	$1.9M	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	+0.0301%	1h	0.04722	+0.901%	$10K	$24K	10x	as long as short
Aftermath Perps CHIPUSDlong	+0.0423%	1h	0.04680	long leg	$93	$38K	5x
Coinbase International CHIP-PERP-INTX	+0.0848%	1h	0.04738	+1.252%	$46K	$40K	50x	as long as short