Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0636%/8h= +69.6% APRpaid last 24h +0.242%

Price spread now: Coinbase International against Gate+3.957%7-day average — · you sell dearer than you buy

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

Long on Gate 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—needs both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 3.957% dearer against Gate than usual: you sell high and buy low: +$396 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	Gate CHIP_USDT	0.04670	0.0100	pay 0.0050% / 4h	45m 43s	$678K	$950K	50x
Short	Coinbase International CHIP-PERP-INTX	0.04855	0.0736	get 0.0092% / 1h	45m 43s	$47K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +3.957%Rate

Funding earned: $133.56
Price spread: +3.957% → 0.000%: $395.72
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $504.28
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 11 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 Gate live order book, 11 min ago	8.49 bp	39.7 bp −$40	251.8 bp −$2,518	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
Backpack CHIP_USDC_PERP	−0.0907%	1h	0.04677	+0.150%	$33K	$245K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0619%	1h	0.04648	−0.471%	$16K	$246K	50x	as long as short
Bybit CHIPUSDT	−0.0572%	4h	0.04667	−0.064%	$10.7M	$9.0M	20x	as long as short
Phoenix CHIP	−0.0510%	1h	0.04655	−0.321%	$3K	$129K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0376%	4h	0.04665	−0.107%	$2.0M	$9.5M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0370%	1h	0.04672	+0.045%	$10K	$24K	10x	as long as short
Aster CHIPUSDT	−0.0108%	4h	0.04668	−0.049%	$50K	$276K	5x	as long as short
Nado CHIP-PERP	−0.0063%	1h	0.04661	−0.182%	$236K	$20K	5x	as long as short
MEXC CHIP_USDT	+0.0068%	4h	0.04664	−0.128%	$1.8M	$1.2M	50x	as long as short
Extended CHIP-USD	+0.0072%	1h	0.04662	−0.166%	$213K	$1.9M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CHIPUSDT	+0.0073%	4h	0.04672	+0.042%	$14.1M	$26.8M	50x	as long as short
BloFin CHIP-USDT	+0.0073%	4h	0.04650	−0.428%	$564K	$63K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04672	+0.043%	$87K	$107K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04674	+0.084%	$14.5M	$6.3M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04661	−0.188%	$16K	$3K	3x	as long as short
Gate CHIP_USDTlong	+0.0100%	4h	0.04670	long leg	$678K	$950K	50x
KuCoin CHIPUSDTM	+0.0100%	4h	0.04666	−0.086%	$976K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04668	−0.043%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04662	−0.171%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04672	+0.035%	$831K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04663	−0.150%	$888	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0327%	1h	0.04678	+0.176%	$132	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0736%	1h	0.04855	+3.957%	$47K	$42K	50x