Funding arb · Price arb /

CHIP

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Swap Backtest

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: Gate against BingX+0.022%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1251.251% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.015%+$1 · spread now +0.022%, 7d avg +0.072%

Together, before fees−0.002%$0 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: Gate is 0.050% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CHIP-USDT	0.04651	0.0100	pay 0.0050% / 4h	48m 52s	—	$1.9M	—
Short	Gate CHIP_USDT	0.04652	0.0100	get 0.0050% / 4h	48m 52s	$676K	$950K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.072%: −$5.03
Slippage, 4 orders: −$100.07
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.09
Costs to cover: 1.251%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Gate: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 14 min ago	6.37 bp	19.9 bp −$20	72.3 bp −$723	doesn't fit	doesn't fit
Sell Gate live order book, 8 min ago	8.49 bp	38.9 bp −$39	262.7 bp −$2,627	doesn't fit	doesn't fit

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit CHIP_USDC-PERPETUAL	−0.0995%	1h	0.04653	+0.052%	$10K	$24K	10x	as long as short
Backpack CHIP_USDC_PERP	−0.0994%	1h	0.04652	+0.022%	$35K	$244K	5x	as long as short
Bybit CHIPUSDT	−0.0562%	4h	0.04657	+0.129%	$10.7M	$9.0M	20x	as long as short
ApeX Omni CHIPUSDT	−0.0519%	1h	0.04670	+0.409%	$16K	$246K	50x	as long as short
Phoenix CHIP	−0.0510%	1h	0.04726	+1.613%	$3K	$129K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0357%	4h	0.04650	−0.022%	$2.0M	$9.4M	20x	as long as short
Aster CHIPUSDT	−0.0100%	4h	0.04658	+0.140%	$49K	$275K	5x	as long as short
Nado CHIP-PERP	−0.0069%	1h	0.04651	0.000%	$235K	$20K	5x	as long as short
MEXC CHIP_USDT	+0.0074%	4h	0.04653	+0.043%	$1.8M	$1.2M	50x	as long as short
Binance CHIPUSDT	+0.0077%	4h	0.04650	−0.022%	$14.1M	$26.8M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CHIP-USD	+0.0080%	1h	0.04651	+0.005%	$213K	$1.9M	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04650	−0.022%	$86K	$107K	3x	as long as short
BloFin CHIP-USDT	+0.0100%	4h	0.04651	0.000%	$564K	$62K	50x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04661	+0.209%	$14.5M	$6.2M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04660	+0.194%	$16K	$3K	3x	as long as short
Gate CHIP_USDTshort	+0.0100%	4h	0.04652	+0.022%	$676K	$950K	50x
KuCoin CHIPUSDTM	+0.0100%	4h	0.04654	+0.065%	$973K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04650	−0.022%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDTlong	+0.0100%	4h	0.04651	long leg	—	$1.9M	—
Variational Omni CHIP	+0.0100%	4h	0.04671	+0.423%	$832K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04650	−0.022%	$990	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0350%	1h	0.04694	+0.932%	$133	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0736%	1h	0.04855	+4.382%	$47K	$42K	50x	as long as short