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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: Aster against Extended+0.051%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1241.243% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.022%−$2 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.051%, 7d avg +0.100%
Together, before fees+0.059%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$6 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: Aster is 0.049% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.100%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.047880.0104pay 0.0013% / 1h58m 37s$217K$1.9M5x
ShortAster CHIPUSDT0.047900.0100get 0.0050% / 4h3h 58m$49K$275K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
−$0.84
Price spread: +0.051% → +0.100%
−$4.91
Slippage, 4 orders
−$111.27
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$130.02
Costs to cover
1.243%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; Aster: live order book, 38 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, 5 min ago4.29 bp31.8 bp −$32216.0 bp −$2,160doesn't fitdoesn't fit
Sell Aster live order book, 38 min ago7.36 bp27.8 bp −$28doesn't fitdoesn'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−0.0335%1h0.04782−0.121%$3K$121K5xas long as short
ApeX Omni CHIPUSDT−0.0255%1h0.04780−0.162%$17K$247K50xas long as short
OKX CHIP-USDT-SWAP−0.0062%4h0.04783−0.100%$2.2M$9.5M20xas long as short
KuCoin CHIPUSDTM−0.0044%4h0.04797+0.193%$998K$1.1M50xas long as short
Aftermath Perps CHIPUSD−0.0037%1h0.04791+0.059%$57$35K5xas long as short
BloFin CHIP-USDT+0.0089%4h0.04798+0.213%$578K$100K50xas long as short
Lighter CHIP+0.0096%1h0.04800+0.255%$100K$106K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04805+0.362%$14.8M$5.9M3xas long as short
Aster CHIPUSDTshort+0.0100%4h0.04790+0.051%$49K$275K5x
Pacifica CHIP+0.0100%1h0.04799+0.226%$16K$4K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04788+0.005%$14.4M$26.8M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04792+0.088%$10.9M$8.9M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04796+0.172%$680K$967K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04788+0.005%$1.9M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04793+0.109%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04789+0.026%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04791+0.064%$923K$472Kas long as short
SunX CHIP-USDT+0.0100%4h0.04796+0.172%$557$1.0M10xas long as short
Extended CHIP-USDlong+0.0104%1h0.04788long leg$217K$1.9M5x
Nado CHIP-PERP+0.0382%1h0.04788+0.015%$242K$18K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0896%1h0.04815+0.564%$46K$37K50xas long as short
Backpack CHIP_USDC_PERP+0.1147%1h0.04797+0.193%$26K$213K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.1189%1h0.04803+0.326%$10K$23K10xas long as short