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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0493%/8h= −54.0% APRnext payment $0.62 per $10,000 · paid last 24h −0.066%
Price spread now: ApeX Omni against Extended−0.006%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$990.991% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.428%−$43 on $10k
Price spread, last 4 days (all we have)+0.796%+$80 · spread now −0.006%, 7d avg +0.060%
Together, before fees+0.368%+ Points / potential airdropExtended: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and ApeX Omni is 0.067% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.046310.0104pay 0.0013% / 1h45m 09s$216K$1.9M5x
ShortApeX Omni CHIPUSDT0.04631−0.0389pay 0.0049% / 1h45m 09s$16K$250K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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
−$103.54
Price spread: −0.006% → +0.060%
−$6.65
Slippage, 4 orders
−$84.08
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$209.28
Costs to cover
0.991%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; ApeX Omni: live order book, 21 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 Extended live order book, 3 min ago2.48 bp31.5 bp −$31232.8 bp −$2,328doesn't fitdoesn't fit
Sell ApeX Omni live order book, 21 min ago8.55 bp16.8 bp −$17122.3 bp −$1,223doesn'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−0.0759%1h0.04634+0.058%$14K$215K5xas long as short
ApeX Omni CHIPUSDTshort−0.0389%1h0.04631−0.006%$16K$250K50x
Phoenix CHIP−0.0172%1h0.04634+0.058%$3K$129K5xas long as short
Nado CHIP-PERP−0.0018%1h0.04636+0.102%$233K$19K5xas long as short
OKX CHIP-USDT-SWAP−0.0006%4h0.04635+0.080%$1.9M$9.1M20xas long as short
BloFin CHIP-USDT+0.0074%4h0.04644+0.274%$555K$63K50xas long as short
Lighter CHIP+0.0096%1h0.04635+0.080%$86K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04646+0.309%$14.6M$6.4M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04638+0.143%$39K$255K5xas long as short
Pacifica CHIP+0.0100%1h0.04637+0.127%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04635+0.080%$13.9M$26.2M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04638+0.145%$10.8M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04637+0.123%$689K$945K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04632+0.015%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04636+0.102%$969K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04638+0.145%$1.9M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04635+0.080%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04634+0.064%$870K$459Kas long as short
SunX CHIP-USDT+0.0100%4h0.04634+0.058%$592$1.1M10xas long as short
Extended CHIP-USDlong+0.0104%1h0.04631long leg$216K$1.9M5x
Aftermath Perps CHIPUSD+0.0317%1h0.04641+0.213%$93$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0591%1h0.04641+0.216%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.799%$45K$40K50xas long as short