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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against Gate+0.164%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.137%+$14 on $10k
Price spread, last 7 days−0.029%−$3 · spread now +0.164%, 7d avg +0.093%
Together, before fees+0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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: Hyperliquid is 0.071% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.046830.0100pay 0.0050% / 4h31m 28s$693K$912K50x
ShortHyperliquid CHIP0.046910.0100get 0.0013% / 1h31m 28s$14.8M$6.8M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.164% → +0.093%
$7.13
Slippage, 4 orders
−$87.2
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$104.07
Costs to cover
1.112%
Break-even
never at this rate
Slippage from Gate: live order book, 45 min ago; Hyperliquid: live order book, 11 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 Gate live order book, 45 min ago7.59 bp38.2 bp −$38236.2 bp −$2,362doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.64 bp17.5 bp −$18doesn'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
Backpack CHIP_USDC_PERP−0.1299%1h0.04678−0.107%$14K$234K5xas long as short
Phoenix CHIP−0.0173%1h0.04696+0.278%$3K$140K5xas long as short
ApeX Omni CHIPUSDT−0.0137%1h0.04691+0.171%$14K$248K50xas long as short
OKX CHIP-USDT-SWAP−0.0063%4h0.04674−0.192%$1.9M$9.3M20xas long as short
Aftermath Perps CHIPUSD−0.0046%1h0.04699+0.335%$87$39K5xas long as short
BloFin CHIP-USDT−0.0006%4h0.04684+0.021%$547K$67K50xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04685+0.036%$10K$24K10xas long as short
Bybit CHIPUSDT+0.0030%4h0.04678−0.107%$10.9M$8.9M20xas long as short
MEXC CHIP_USDT+0.0036%4h0.04677−0.128%$1.8M$1.1M50xas long as short
Extended CHIP-USD+0.0040%1h0.04676−0.156%$214K$1.3M5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0042%4h0.04676−0.139%$14.1M$26.2M50xas long as short
Lighter CHIP+0.0096%1h0.04679−0.085%$87K$108K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04691+0.164%$14.8M$6.8M3x
Aster CHIPUSDT+0.0100%4h0.04682−0.014%$51K$237K5xas long as short
Pacifica CHIP+0.0100%1h0.04680−0.064%$13K$6283xas long as short
Gate CHIP_USDTlong+0.0100%4h0.04683long leg$693K$912K50x
KuCoin CHIPUSDTM+0.0100%4h0.04681−0.043%$987K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04678−0.107%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04676−0.149%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04704+0.458%$885K$468Kas long as short
SunX CHIP-USDT+0.0100%4h0.04676−0.149%$818$1.1M10xas long as short
Nado CHIP-PERP+0.0302%1h0.04677−0.117%$234K$18K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04739+1.189%$46K$41K50xas long as short