Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0608%/8hnext payment +$0.76 per $10,000 · paid last 24h +0.246%

Price spread now: Coinbase International against Extended+0.175%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Coinbase International is 0.175% dearer against Extended than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CHIP-USD	0.04728	0.0088	pay 0.0011% / 1h	6m 30s	$214K	$1.3M	5x
Short	Coinbase International CHIP-PERP-INTX	0.04736	0.0696	get 0.0087% / 1h	6m 30s	$46K	$40K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.175%Rate

Funding earned: $127.68
Price spread: +0.175% → 0.000%: $17.51
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $130.19
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Extended: live order book, 1 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 1 min ago	3.19 bp	33.2 bp −$33	234.4 bp −$2,344	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CHIPUSDT	−0.0204%	1h	0.04707	−0.436%	$14K	$249K	50x	as long as short
Nado CHIP-PERP	−0.0201%	1h	0.04727	−0.013%	$237K	$18K	5x	as long as short
Backpack CHIP_USDC_PERP	−0.0177%	1h	0.04724	−0.077%	$18K	$233K	5x	as long as short
Phoenix CHIP	−0.0174%	1h	0.04696	−0.669%	$3K	$143K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04733	+0.114%	$10K	$24K	10x	as long as short
BloFin CHIP-USDT	+0.0035%	4h	0.04710	−0.373%	$563K	$78K	50x	as long as short
Bybit CHIPUSDT	+0.0069%	4h	0.04731	+0.071%	$11.2M	$8.6M	20x	as long as short
Binance CHIPUSDT	+0.0082%	4h	0.04724	−0.077%	$14.4M	$25.0M	50x	as long as short
Extended CHIP-USDlong	+0.0088%	1h	0.04728	long leg	$214K	$1.3M	5x
MEXC CHIP_USDT	+0.0088%	4h	0.04725	−0.055%	$1.9M	$1.2M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CHIP	+0.0096%	1h	0.04733	+0.114%	$88K	$109K	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04726	−0.042%	$40K	$207K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04731	+0.076%	$14K	$628	3x	as long as short
OKX CHIP-USDT-SWAP	+0.0100%	4h	0.04727	−0.013%	$1.9M	$9.2M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04723	−0.098%	$710K	$876K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04724	−0.077%	$1.0M	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04730	+0.050%	$2.1M	$2.9M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04727	−0.013%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04697	−0.638%	$907K	$370K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04724	−0.077%	$870	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0147%	1h	0.04708	−0.409%	$66	$39K	5x	as long as short
Hyperliquid CHIP	+0.0257%	1h	0.04739	+0.249%	$15.5M	$6.4M	3x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0696%	1h	0.04736	+0.175%	$46K	$40K	50x