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% APRpaid last 24h +0.006%
Price spread now: Binance against Extended−0.065%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1151.155% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.194%+$19 · spread now −0.065%, 7d avg +0.052%
Together, before fees+0.195%+ Points / potential airdropExtended: Active · farm board+$19 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: Binance is 0.117% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.046800.0072pay 0.0009% / 1h43m 30s$213K$1.9M5x
ShortBinance CHIPUSDT0.046770.0072get 0.0036% / 4h43m 30s$14.1M$26.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$0.09
Price spread: −0.065% → +0.052%
−$11.67
Slippage, 4 orders
−$100.48
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$127.06
Costs to cover
1.155%
Break-even
10091.4 days
Slippage from Extended: live order book, 5 min ago; Binance: live order book, 13 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 ago4.63 bp38.6 bp −$39270.3 bp −$2,703doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago1.06 bp23.4 bp −$23114.8 bp −$1,148doesn'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−0.0683%1h0.04691+0.229%$34K$245K5xas long as short
ApeX Omni CHIPUSDT−0.0593%1h0.04671−0.198%$16K$245K50xas long as short
Bybit CHIPUSDT−0.0550%4h0.04680−0.006%$10.8M$9.0M20xas long as short
Phoenix CHIP−0.0510%1h0.04664−0.348%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0382%4h0.04670−0.220%$2.0M$9.5M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0112%1h0.04688+0.169%$10K$24K10xas long as short
Aster CHIPUSDT−0.0106%4h0.04682+0.047%$50K$276K5xas long as short
Nado CHIP-PERP−0.0078%1h0.04673−0.145%$236K$20K5xas long as short
BloFin CHIP-USDT+0.0015%4h0.04664−0.348%$568K$63K50xas long as short
Extended CHIP-USDlong+0.0072%1h0.04680long leg$213K$1.9M5x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT+0.0072%4h0.04675−0.113%$1.8M$1.2M50xas long as short
Binance CHIPUSDTshort+0.0072%4h0.04677−0.065%$14.1M$26.8M50x
Lighter CHIP+0.0096%1h0.04683+0.058%$87K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04680−0.004%$14.6M$6.3M3xas long as short
Pacifica CHIP+0.0100%1h0.04683+0.062%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04681+0.015%$680K$951K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04683+0.058%$979K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04677−0.070%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04678−0.049%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04672−0.185%$831K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04678−0.049%$584$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0317%1h0.04679−0.023%$137$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+3.729%$47K$42K50xas long as short