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 +0.015%
Price spread now: BingX against Bybit−0.064%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.111%+$11 on $10k
Price spread, last 7 days0.000%$0 · spread now −0.064%, 7d avg −0.042%
Together, before fees+0.111%+$11 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: BingX is 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CHIPUSDT0.046820.0100pay 0.0050% / 4h3h 06m$10.9M$8.6M20x
ShortBingX CHIP-USDT0.046790.0100get 0.0050% / 4h3h 06m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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: −0.064% → −0.042%
−$2.19
Slippage, 4 orders
−$93.66
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$116.85
Costs to cover
1.147%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 11 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 Bybit live order book, 2 min ago3.20 bp35.9 bp −$36144.3 bp −$1,443doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago5.38 bp21.1 bp −$2174.5 bp −$745doesn'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−0.0709%1h0.04691+0.192%$14K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0257%1h0.04679−0.064%$17K$249K50xas long as short
Phoenix CHIP−0.0172%1h0.04683+0.021%$3K$140K5xas long as short
Nado CHIP-PERP−0.0132%1h0.04680−0.032%$234K$18K5xas long as short
OKX CHIP-USDT-SWAP+0.0012%4h0.04677−0.107%$2.0M$9.1M20xas long as short
Lighter CHIP+0.0096%1h0.04693+0.235%$87K$108K3xas long as short
BloFin CHIP-USDT+0.0099%4h0.04687+0.107%$553K$66K50xas long as short
Hyperliquid CHIP+0.0100%1h0.04690+0.173%$14.7M$6.5M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04682−0.006%$49K$238K5xas long as short
Pacifica CHIP+0.0100%1h0.04690+0.171%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04677−0.102%$14.1M$26.0M50xas long as short
Bybit CHIPUSDTlong+0.0100%4h0.04682long leg$10.9M$8.6M20x
Gate CHIP_USDT+0.0100%4h0.04686+0.085%$694K$911K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04678−0.085%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04688+0.128%$981K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04686+0.085%$2.0M$3.2M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04679−0.064%$1.9M
Variational Omni CHIP+0.0100%4h0.04677−0.113%$879K$458Kas long as short
SunX CHIP-USDT+0.0100%4h0.04689+0.150%$908$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04678−0.089%$217K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0304%1h0.04684+0.041%$87$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0624%1h0.04697+0.325%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04715+0.696%$45K$40K50xas long as short