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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against BingX+0.086%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$850.845% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 7 days−0.058%−$6 · spread now +0.086%, 7d avg +0.041%
Together, before fees−0.055%−$5 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: Bitget is 0.044% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.046600.0100pay 0.0050% / 4h2h 27m$1.9M
ShortBitget CHIPUSDT0.046640.0100get 0.0050% / 4h2h 27m$1.9M$3.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.086% → +0.041%
$4.45
Slippage, 4 orders
−$62.51
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$80.06
Costs to cover
0.845%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Bitget: 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 BingX live order book, 10 min ago3.24 bp20.0 bp −$2077.6 bp −$776doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago1.07 bp28.8 bp −$2976.1 bp −$761doesn't fitdoesn't fit

CHIP on 22 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−0.1157%1h0.04667+0.150%$15K$219K5xas long as short
ApeX Omni CHIPUSDT−0.0236%1h0.04659−0.021%$16K$250K50xas long as short
Phoenix CHIP−0.0172%1h0.04666+0.129%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0010%4h0.04663+0.064%$1.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0006%1h0.04655−0.118%$234K$19K5xas long as short
Lighter CHIP+0.0096%1h0.04665+0.107%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04675+0.333%$14.7M$6.2M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04665+0.112%$37K$254K5xas long as short
Pacifica CHIP+0.0100%1h0.04666+0.129%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04664+0.086%$14.0M$25.9M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.04665+0.107%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04664+0.086%$689K$952K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04663+0.064%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04664+0.086%$979K$1.1M50xas long as short
Bitget CHIPUSDTshort+0.0100%4h0.04664+0.086%$1.9M$3.2M50x
BingX CHIP-USDTlong+0.0100%4h0.04660long leg$1.9M
Variational Omni CHIP+0.0100%4h0.04662+0.049%$876K$459Kas long as short
SunX CHIP-USDT+0.0100%4h0.04653−0.150%$731$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04660+0.006%$211K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0414%1h0.04656−0.083%$93$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.172%$45K$40K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.1294%1h0.04671+0.240%$10K$24K10xas long as short