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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.063%
Price spread now: Extended against ApeX Omni−0.028%92s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1031.033% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.423%+$42 on $10k
Price spread, last 3 days (all we have)−0.156%−$16 · spread now −0.028%, 7d avg −0.056%
Together, before fees+0.267%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.028% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.056%. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04683−0.0145get 0.0018% / 1h25m 50s$14K$248K50x
ShortExtended CHIP-USD0.046820.0056get 0.0007% / 1h25m 50s$214K$1.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. 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
$42.25
Price spread: −0.028% → −0.056%
$2.76
Slippage, 4 orders
−$88.33
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$58.31
Costs to cover
1.033%
Break-even
16.7 days
Slippage from ApeX Omni: live order book, 51 min ago; Extended: live order book, 3 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 ApeX Omni live order book, 51 min ago8.68 bp16.1 bp −$16129.5 bp −$1,295doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago3.52 bp34.8 bp −$35245.0 bp −$2,450doesn'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−0.1349%1h0.04682−0.021%$14K$235K5xas long as short
Phoenix CHIP−0.0173%1h0.04684+0.021%$3K$140K5xas long as short
ApeX Omni CHIPUSDTlong−0.0145%1h0.04683long leg$14K$248K50x
OKX CHIP-USDT-SWAP−0.0063%4h0.04675−0.171%$2.0M$9.2M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04683−0.002%$10K$24K10xas long as short
Bybit CHIPUSDT+0.0015%4h0.04679−0.085%$10.9M$8.9M20xas long as short
BloFin CHIP-USDT+0.0029%4h0.04690+0.149%$557K$67K50xas long as short
Aftermath Perps CHIPUSD+0.0035%1h0.04692+0.198%$87$39K5xas long as short
MEXC CHIP_USDT+0.0052%4h0.046830.000%$1.8M$1.1M50xas long as short
Extended CHIP-USDshort+0.0056%1h0.04682−0.028%$214K$1.3M5x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0060%4h0.04678−0.107%$14.1M$26.2M50xas long as short
Lighter CHIP+0.0096%1h0.04681−0.043%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04699+0.348%$14.8M$6.8M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04686+0.059%$50K$237K5xas long as short
Pacifica CHIP+0.0100%1h0.04684+0.028%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04692+0.192%$694K$913K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04687+0.085%$988K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04691+0.171%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04684+0.021%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04685+0.053%$879K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.04696+0.278%$564$1.1M10xas long as short
Nado CHIP-PERP+0.0238%1h0.04676−0.139%$234K$18K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04715+0.688%$45K$40K50xas long as short