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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against Binance−0.006%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$850.853% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days+0.064%+$6 · spread now −0.006%, 7d avg +0.037%
Together, before fees+0.079%+$8 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: BingX is 0.043% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CHIPUSDT0.047810.0100pay 0.0050% / 4h1h 33m$14.4M$27.1M50x
ShortBingX CHIP-USDT0.047810.0100get 0.0050% / 4h1h 33m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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
Price spread: −0.006% → +0.037%
−$4.32
Slippage, 4 orders
−$65.29
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$89.61
Costs to cover
0.853%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; BingX: live order book, 5 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 Binance live order book, 8 min ago1.05 bp19.4 bp −$19112.7 bp −$1,127doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago4.20 bp24.3 bp −$2483.1 bp −$831655.7 bp −$65.6Kdoesn'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
Bybit CHIPUSDT−0.0411%4h0.04784+0.057%$10.8M$9.2M20xas long as short
ApeX Omni CHIPUSDT−0.0399%1h0.04761−0.424%$17K$246K50xas long as short
OKX CHIP-USDT-SWAP−0.0201%4h0.04781−0.006%$2.1M$9.8M20xas long as short
Phoenix CHIP−0.0171%1h0.04781−0.006%$3K$128K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0168%1h0.04786+0.090%$10K$24K10xas long as short
Nado CHIP-PERP−0.0152%1h0.04782+0.025%$242K$18K5xas long as short
KuCoin CHIPUSDTM−0.0054%4h0.04784+0.057%$1.0M$1.1M50xas long as short
Aftermath Perps CHIPUSD−0.0030%1h0.04766−0.321%$123$36K5xas long as short
BloFin CHIP-USDT+0.0058%4h0.04780−0.027%$574K$91K50xas long as short
Lighter CHIP+0.0096%1h0.04795+0.287%$99K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04792+0.224%$14.8M$6.0M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04784+0.059%$55K$272K5xas long as short
Pacifica CHIP+0.0100%1h0.04791+0.197%$16K$4K3xas long as short
Binance CHIPUSDTlong+0.0100%4h0.04781long leg$14.4M$27.1M50x
Gate CHIP_USDT+0.0100%4h0.04788+0.140%$685K$969K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04788+0.140%$1.8M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04779−0.048%$2.0M$3.4M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04781−0.006%$1.9M
Backpack CHIP_USDC_PERP+0.0100%1h0.04788+0.140%$35K$231K5xas long as short
Variational Omni CHIP+0.0100%4h0.04744−0.776%$860K$445Kas long as short
SunX CHIP-USDT+0.0100%4h0.04786+0.099%$638$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04774−0.145%$217K$1.0M5xas long as short
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04805+0.496%$46K$38K50xas long as short