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 −0.003%
Price spread now: KuCoin against BingX0.000%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1591.593% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.208%−$21 on $10k
Price spread, last 7 days−0.008%−$1 · spread now 0.000%, 7d avg +0.029%
Together, before fees−0.216%−$22 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: KuCoin is 0.029% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.047490.0100pay 0.0050% / 4h18m 11s$2.0M
ShortKuCoin CHIPUSDTM0.047490.0100get 0.0050% / 4h18m 11s$987K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: 0.000% → +0.029%
−$2.85
Slippage, 4 orders
−$137.28
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$162.14
Costs to cover
1.593%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; KuCoin: live order book, 2 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, 14 min ago6.38 bp23.1 bp −$2382.1 bp −$821doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago12.61 bp51.1 bp −$51476.9 bp −$4,769doesn'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−0.0596%1h0.04762+0.274%$34K$249K5xas long as short
Phoenix CHIP−0.0510%1h0.04730−0.400%$3K$129K5xas long as short
ApeX Omni CHIPUSDT−0.0404%1h0.04736−0.274%$16K$245K50xas long as short
OKX CHIP-USDT-SWAP−0.0359%4h0.04750+0.021%$2.1M$9.7M20xas long as short
Bybit CHIPUSDT−0.0351%4h0.04752+0.063%$10.9M$9.1M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0192%1h0.04753+0.086%$10K$24K10xas long as short
Nado CHIP-PERP−0.0137%1h0.04747−0.042%$240K$20K5xas long as short
Aster CHIPUSDT−0.0052%4h0.04753+0.091%$54K$278K5xas long as short
BloFin CHIP-USDT+0.0023%4h0.04757+0.168%$565K$65K50xas long as short
MEXC CHIP_USDT+0.0058%4h0.04748−0.021%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0062%4h0.04750+0.021%$14.3M$26.9M50xas long as short
Extended CHIP-USD+0.0064%1h0.04746−0.058%$216K$1.9M5xas long as short
Lighter CHIP+0.0096%1h0.04752+0.063%$97K$117K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04758+0.194%$14.8M$6.3M3xas long as short
Pacifica CHIP+0.0100%1h0.04750+0.021%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.047490.000%$695K$981K50xas long as short
KuCoin CHIPUSDTMshort+0.0100%4h0.047490.000%$987K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04748−0.021%$2.0M$3.4M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04749long leg$2.0M
Variational Omni CHIP+0.0100%4h0.04735−0.292%$842K$527Kas long as short
SunX CHIP-USDT+0.0100%4h0.04747−0.042%$464$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0205%1h0.04739−0.221%$46$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+2.228%$47K$42K50xas long as short