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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%
Price spread now: SunX against Extended+0.206%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$3213.206% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.206%, 7d avg +0.029%
Together, before fees+0.117%+ Points / potential airdropExtended: Active · farm board+$12 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: SunX is 0.177% dearer against Extended than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.047760.0104pay 0.0013% / 1h2m 31s$218K$1.9M5x
ShortSunX CHIP-USDT0.047860.0100get 0.0050% / 4h1h 02m$705$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.206% → +0.029%
$17.74
Slippage, 4 orders
−$307.57
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$303.66
Costs to cover
3.206%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; SunX: live order book, 10 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, 1 min ago2.92 bp33.5 bp −$34251.8 bp −$2,518doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago46.99 bp129.3 bp −$129doesn'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
ApeX Omni CHIPUSDT−0.0331%1h0.04803+0.562%$17K$245K50xas long as short
Bybit CHIPUSDT−0.0252%4h0.04782+0.122%$10.9M$9.0M20xas long as short
OKX CHIP-USDT-SWAP−0.0175%4h0.04778+0.038%$2.1M$9.7M20xas long as short
Phoenix CHIP−0.0171%1h0.04799+0.478%$3K$128K5xas long as short
Nado CHIP-PERP−0.0170%1h0.04777+0.028%$242K$18K5xas long as short
KuCoin CHIPUSDTM−0.0050%4h0.04781+0.101%$1.0M$1.1M50xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04789+0.269%$10K$23K10xas long as short
Aftermath Perps CHIPUSD+0.0061%1h0.04797+0.431%$119$36K5xas long as short
Backpack CHIP_USDC_PERP+0.0061%1h0.04784+0.164%$26K$235K5xas long as short
Lighter CHIP+0.0096%1h0.04784+0.164%$99K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04788+0.244%$14.8M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04783+0.151%$53K$275K5xas long as short
Pacifica CHIP+0.0100%1h0.04784+0.166%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04779+0.059%$14.4M$27.0M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04787+0.227%$686K$997K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04780+0.080%$1.8M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04779+0.059%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04778+0.038%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04807+0.649%$922K$475Kas long as short
SunX CHIP-USDTshort+0.0100%4h0.04786+0.206%$705$1.0M10x
Extended CHIP-USDlong+0.0104%1h0.04776long leg$218K$1.9M5x
BloFin CHIP-USDT+0.0112%4h0.04788+0.248%$575K$100K50xas long as short
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04839+1.322%$46K$38K50xas long as short