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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Gate+0.064%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1741.740% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.186%−$19 on $10k
Price spread, last 7 days−0.109%−$11 · spread now +0.064%, 7d avg −0.042%
Together, before fees−0.294%−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.106% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.046850.0036pay 0.0018% / 4h3h 26m$672K$987K50x
ShortKuCoin CHIPUSDTM0.046880.0078get 0.0039% / 4h3h 26m$972K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$8.82
Price spread: +0.064% → −0.042%
$10.62
Slippage, 4 orders
−$147.03
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$154.6
Costs to cover
1.740%
Break-even
129.7 days
Slippage from Gate: live order book, 25 min ago; KuCoin: live order book, 3 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, 25 min ago11.68 bp35.5 bp −$35262.3 bp −$2,623doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago6.39 bp30.9 bp −$31470.4 bp −$4,704doesn'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
Bybit CHIPUSDT−0.0791%4h0.04686+0.021%$10.7M$9.1M20xas long as short
Phoenix CHIP−0.0338%1h0.04701+0.342%$3K$137K5xas long as short
OKX CHIP-USDT-SWAP−0.0304%4h0.046850.000%$2.0M$9.6M20xas long as short
Backpack CHIP_USDC_PERP−0.0173%1h0.04686+0.021%$34K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0105%1h0.04706+0.448%$16K$245K50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0070%1h0.04684−0.021%$9K$24K10xas long as short
Nado CHIP-PERP−0.0031%1h0.04680−0.107%$237K$18K5xas long as short
Gate CHIP_USDTlong+0.0036%4h0.04685long leg$672K$987K50x
Aster CHIPUSDT+0.0073%4h0.04693+0.180%$56K$279K5xas long as short
BloFin CHIP-USDT+0.0077%4h0.04679−0.128%$561K$65K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CHIPUSDTMshort+0.0078%4h0.04688+0.064%$972K$1.1M50x
Lighter CHIP+0.0096%1h0.04691+0.128%$96K$114K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04696+0.245%$14.5M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04688+0.060%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04686+0.016%$14.2M$27.0M50xas long as short
MEXC CHIP_USDT+0.0100%4h0.046850.000%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04686+0.021%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04678−0.149%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04704+0.399%$832K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04694+0.192%$907$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04678−0.157%$216K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0161%1h0.04696+0.233%$124$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+1.708%$46K$37K50xas long as short