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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%
Price spread now: Extended against BingX−0.048%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1141.144% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 7 days−0.108%−$11 · spread now −0.048%, 7d avg −0.089%
Together, before fees−0.123%+ Points / potential airdropExtended: Active · farm board−$12 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: Extended is 0.041% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.047600.0100pay 0.0050% / 4h1h 37m$1.9M
ShortExtended CHIP-USD0.047580.0104get 0.0013% / 1h37m 36s$216K$1.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.048% → −0.089%
$4.11
Slippage, 4 orders
−$99.42
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$109.47
Costs to cover
1.144%
Break-even
919.2 days
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 1 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 ago6.33 bp24.2 bp −$2479.1 bp −$791doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago3.16 bp32.0 bp −$32230.6 bp −$2,306doesn'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−0.1351%1h0.04757−0.063%$28K$235K5xas long as short
Bybit CHIPUSDT−0.0404%4h0.04765+0.105%$11.0M$8.8M20xas long as short
ApeX Omni CHIPUSDT−0.0356%1h0.04754−0.126%$17K$244K50xas long as short
Phoenix CHIP−0.0337%1h0.04755−0.105%$3K$130K5xas long as short
OKX CHIP-USDT-SWAP−0.0185%4h0.04757−0.063%$2.0M$9.5M20xas long as short
Aster CHIPUSDT+0.0002%4h0.04762+0.050%$46K$271K5xas long as short
Lighter CHIP+0.0096%1h0.04762+0.042%$88K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04775+0.324%$15.0M$6.0M3xas long as short
Pacifica CHIP+0.0100%1h0.04761+0.025%$14K$6893xas long as short
Binance CHIPUSDT+0.0100%4h0.04759−0.021%$14.4M$26.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CHIP_USDT+0.0100%4h0.04761+0.021%$703K$946K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04761+0.021%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04766+0.126%$1.0M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04765+0.105%$2.0M$3.3M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04760long leg$1.9M
Variational Omni CHIP+0.0100%4h0.04739−0.450%$843K$528Kas long as short
SunX CHIP-USDT+0.0100%4h0.04753−0.147%$879$1.0M10xas long as short
Extended CHIP-USDshort+0.0104%1h0.04758−0.048%$216K$1.9M5x
BloFin CHIP-USDT+0.0137%4h0.04732−0.588%$564K$62K50xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0170%1h0.04768+0.162%$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.0344%1h0.04755−0.095%$141$38K5xas long as short
Nado CHIP-PERP+0.0615%1h0.04754−0.137%$240K$19K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0832%1h0.04788+0.595%$46K$41K50xas long as short