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: SunX against Binance−0.128%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$291as in the Funding arb table
Net, price: spread back to 7d avg − costs−$304as in the Price arb table
costs, in and out, $10k−$2932.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.128%, 7d avg −0.020%
Together, before fees+0.261%+$26 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: SunX is 0.108% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CHIPUSDT0.046930.0100pay 0.0050% / 4h1h 56m$14.1M$27.2M50x
ShortSunX CHIP-USDT0.046870.0100get 0.0050% / 4h1h 56m$613$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.128% → −0.020%
−$10.83
Slippage, 4 orders
−$275.04
Fee Binance: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$303.87
Costs to cover
2.930%
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; SunX: live order book, 6 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, 15 min ago1.07 bp21.4 bp −$21114.2 bp −$1,142doesn't fitdoesn't fit
Sell SunX live order book, 6 min ago45.68 bp128.8 bp −$129doesn't fitdoesn'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
ApeX Omni CHIPUSDT−0.0580%1h0.04694+0.021%$16K$246K50xas long as short
Backpack CHIP_USDC_PERP−0.0464%1h0.04695+0.043%$34K$234K5xas long as short
Bybit CHIPUSDT−0.0385%4h0.04697+0.085%$10.6M$9.2M20xas long as short
OKX CHIP-USDT-SWAP−0.0238%4h0.04696+0.064%$2.1M$9.6M20xas long as short
Phoenix CHIP−0.0171%1h0.04700+0.149%$3K$128K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0155%1h0.04692−0.013%$9K$24K10xas long as short
Nado CHIP-PERP−0.0101%1h0.04688−0.096%$237K$18K5xas long as short
KuCoin CHIPUSDTM−0.0062%4h0.046930.000%$992K$1.2M50xas long as short
Aftermath Perps CHIPUSD−0.0015%1h0.04696+0.068%$73$36K5xas long as short
Lighter CHIP+0.0096%1h0.04699+0.128%$97K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04702+0.183%$14.6M$6.1M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04694+0.025%$54K$279K5xas long as short
Pacifica CHIP+0.0100%1h0.04696+0.066%$16K$3K3xas long as short
Binance CHIPUSDTlong+0.0100%4h0.04693long leg$14.1M$27.2M50x
Gate CHIP_USDT+0.0100%4h0.04692−0.021%$675K$960K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.046930.000%$1.7M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04696+0.064%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04697+0.085%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04690−0.061%$845K$501Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04687−0.128%$613$1.0M10x
Extended CHIP-USD+0.0104%1h0.04694+0.028%$214K$1.0M5xas long as short
BloFin CHIP-USDT+0.0113%4h0.04685−0.170%$556K$66K50xas long as short
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04735+0.891%$45K$37K50xas long as short