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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.001%
Price spread now: KuCoin against Extended+0.087%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2092.085% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.191%−$19 on $10k
Price spread, last 7 days+0.086%+$9 · spread now +0.087%, 7d avg +0.110%
Together, before fees−0.105%+ Points / potential airdropExtended: Active · farm board−$10 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: KuCoin is 0.023% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.046370.0104pay 0.0013% / 1h49m 29s$209K$1.6M5x
ShortKuCoin CHIPUSDTM0.046410.0098get 0.0049% / 4h1h 49m$951K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$1.26
Price spread: +0.087% → +0.110%
−$2.34
Slippage, 4 orders
−$191.54
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$212.14
Costs to cover
2.085%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 4 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, 2 min ago3.34 bp28.3 bp −$28227.0 bp −$2,270doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago9.71 bp84.7 bp −$85608.7 bp −$6,087doesn't fitdoesn't fit

CHIP on 23 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni CHIPUSDT−0.0949%1h0.04642+0.108%$16K$246K50xas long as short
Backpack CHIP_USDC_PERP−0.0883%1h0.04645+0.173%$25K$176K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0740%1h0.04642+0.115%$9K$2K10xas long as short
Phoenix CHIP−0.0343%1h0.04625−0.258%$3K$130K5xas long as short
Nado CHIP-PERP−0.0150%1h0.04638+0.033%$235K$17K5xas long as short
Aftermath Perps CHIPUSD−0.0140%1h0.04647+0.206%$90$34K5xas long as short
OKX CHIP-USDT-SWAP−0.0130%4h0.04640+0.065%$2.1M$8.4M20xas long as short
Bybit CHIPUSDT−0.0046%4h0.04646+0.195%$10.5M$8.3M20xas long as short
Lighter CHIP+0.0096%1h0.04642+0.108%$97K$89K3xas long as short
KuCoin CHIPUSDTMshort+0.0098%4h0.04641+0.087%$951K$1.2M50x
Show all 23 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04649+0.262%$13.9M$5.4M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04643+0.131%$47K$270K5xas long as short
Pacifica CHIP+0.0100%1h0.04641+0.083%$15K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04640+0.065%$13.8M$25.0M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04645+0.173%$710K$785K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04640+0.065%$1.9M$973K50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04642+0.108%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04641+0.087%$1.8Mas long as short
Variational Omni CHIP+0.0100%4h0.04643+0.126%$859K$502Kas long as short
SunX CHIP-USDT+0.0100%4h0.04632−0.107%$564$941K10xas long as short
Extended CHIP-USDlong+0.0104%1h0.04637long leg$209K$1.6M5x
BloFin CHIP-USDT+0.0145%4h0.04629−0.172%$564K$113K50xas long as short
Coinbase International CHIP-PERP-INTX+0.1616%1h0.04650+0.283%$50K$55K50xas long as short