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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.069%
Price spread now: KuCoin against Deribit−0.011%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit CHIP_USDC-PERPETUAL0.046820get 0.0000% / 1h5m 21s$10K$24K10x
ShortKuCoin CHIPUSDTM0.046820.0100get 0.0050% / 4h3h 05m$979K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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
$21
Price spread: −0.011% → 0.000%
−$1.07
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$0.93
Costs to cover
0.190%
Break-even
6.7 days
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell KuCoin live order book, 4 min ago6.41 bp36.6 bp −$37466.3 bp −$4,663doesn't fitdoesn't fit
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0688%1h0.04680−0.053%$14K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0257%1h0.04679−0.075%$17K$249K50xas long as short
Phoenix CHIP−0.0172%1h0.04688+0.117%$3K$140K5xas long as short
Nado CHIP-PERP−0.0132%1h0.04674−0.171%$234K$18K5xas long as short
Deribit CHIP_USDC-PERPETUALlong0.0000%1h0.04682long leg$10K$24K10x
OKX CHIP-USDT-SWAP+0.0015%4h0.04675−0.160%$1.9M$9.1M20xas long as short
Lighter CHIP+0.0096%1h0.04684+0.032%$87K$108K3xas long as short
BloFin CHIP-USDT+0.0099%4h0.04687+0.096%$553K$66K50xas long as short
Hyperliquid CHIP+0.0100%1h0.04689+0.145%$14.7M$6.5M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04680−0.055%$49K$238K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04682−0.011%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04675−0.160%$14.1M$26.0M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04680−0.053%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04683+0.011%$694K$911K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04675−0.160%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTMshort+0.0100%4h0.04682−0.011%$979K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04677−0.117%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04676−0.139%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04679−0.083%$879K$458Kas long as short
SunX CHIP-USDT+0.0100%4h0.04674−0.182%$660$1.1M10xas long as short
Extended CHIP-USD+0.0104%1h0.04674−0.185%$217K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0312%1h0.04684+0.043%$87$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04715+0.686%$45K$40K50xas long as short