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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%
Price spread now: Extended against Bitget−0.028%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1221.215% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days−0.187%−$19 · spread now −0.028%, 7d avg −0.134%
Together, before fees−0.206%+ Points / potential airdropExtended: Active · farm board−$21 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 0.106% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.134%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CHIPUSDT0.047050.0100pay 0.0050% / 4h3h 57m$2.0M$3.4M50x
ShortExtended CHIP-USD0.047040.0096get 0.0012% / 1h57m 24s$214K$1.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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: −0.028% → −0.134%
$10.59
Slippage, 4 orders
−$104.5
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$111.76
Costs to cover
1.215%
Break-even
never at this rate
Slippage from Bitget: live order book, just now; 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 Bitget live order book, just now5.31 bp28.9 bp −$2979.9 bp −$799doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago3.82 bp32.4 bp −$32234.5 bp −$2,345doesn'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
Phoenix CHIP−0.0510%1h0.04729+0.510%$3K$137K5xas long as short
OKX CHIP-USDT-SWAP−0.0312%4h0.04704−0.021%$2.0M$9.7M20xas long as short
Gate CHIP_USDT−0.0312%4h0.04717+0.255%$683K$978K50xas long as short
ApeX Omni CHIPUSDT−0.0310%1h0.04727+0.468%$16K$244K50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0111%1h0.04708+0.064%$10K$24K10xas long as short
Nado CHIP-PERP−0.0041%1h0.04709+0.096%$238K$20K5xas long as short
Backpack CHIP_USDC_PERP−0.0036%1h0.04729+0.510%$34K$251K5xas long as short
Aster CHIPUSDT+0.0001%4h0.04717+0.264%$56K$279K5xas long as short
BloFin CHIP-USDT+0.0054%4h0.04722+0.361%$567K$65K50xas long as short
MEXC CHIP_USDT+0.0092%4h0.04708+0.064%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0093%4h0.04703−0.043%$14.2M$27.0M50xas long as short
Lighter CHIP+0.0096%1h0.04720+0.319%$97K$114K3xas long as short
Extended CHIP-USDshort+0.0096%1h0.04704−0.028%$214K$1.9M5x
Hyperliquid CHIP+0.0100%1h0.04717+0.253%$14.6M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04720+0.319%$16K$3K3xas long as short
Bybit CHIPUSDT+0.0100%4h0.04707+0.043%$10.8M$9.1M20xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04715+0.213%$975K$1.1M50xas long as short
Bitget CHIPUSDTlong+0.0100%4h0.04705long leg$2.0M$3.4M50x
BingX CHIP-USDT+0.0100%4h0.047050.000%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04751+0.981%$844K$527Kas long as short
SunX CHIP-USDT+0.0100%4h0.04703−0.043%$800$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0133%1h0.04737+0.682%$100$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+1.275%$46K$41K50xas long as short