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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Gate−0.127%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1241.240% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 7 days+0.174%+$17 · spread now −0.127%, 7d avg −0.053%
Together, before fees+0.098%+$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: OKX is 0.074% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CHIP_USDT0.047230.0100pay 0.0050% / 4h6m 53s$710K$876K50x
ShortOKX CHIP-USDT-SWAP0.047170.0100get 0.0050% / 4h6m 53s$1.9M$9.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.127% → −0.053%
−$7.41
Slippage, 4 orders
−$98.97
Fee Gate: 7.5 bp × 2 orders
−$15
Fee OKX: 5 bp × 2 orders
−$10
Net
−$131.38
Costs to cover
1.240%
Break-even
never at this rate
Slippage from Gate: live order book, 24 min ago; OKX: live order book, 6 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, 24 min ago10.73 bp39.3 bp −$39216.1 bp −$2,161doesn't fitdoesn't fit
Sell OKX live order book, 6 min ago2.13 bp21.5 bp −$21171.7 bp −$1,717doesn'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−0.0204%1h0.04707−0.339%$14K$249K50xas long as short
Nado CHIP-PERP−0.0198%1h0.04720−0.064%$236K$18K5xas long as short
Backpack CHIP_USDC_PERP−0.0177%1h0.04724+0.021%$18K$233K5xas long as short
Phoenix CHIP−0.0174%1h0.04696−0.572%$3K$143K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04733+0.212%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0035%4h0.04710−0.275%$563K$78K50xas long as short
Bybit CHIPUSDT+0.0076%4h0.04726+0.064%$11.2M$8.6M20xas long as short
Extended CHIP-USD+0.0088%1h0.04721−0.050%$214K$1.3M5xas long as short
Binance CHIPUSDT+0.0089%4h0.04721−0.042%$14.3M$25.0M50xas long as short
Lighter CHIP+0.0096%1h0.04728+0.106%$88K$109K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT+0.0096%4h0.04721−0.042%$1.9M$1.2M50xas long as short
Aster CHIPUSDT+0.0100%4h0.04727+0.074%$40K$207K5xas long as short
Pacifica CHIP+0.0100%1h0.04711−0.248%$14K$6283xas long as short
OKX CHIP-USDT-SWAPshort+0.0100%4h0.04717−0.127%$1.9M$9.2M20x
Gate CHIP_USDTlong+0.0100%4h0.04723long leg$710K$876K50x
KuCoin CHIPUSDTM+0.0100%4h0.047230.000%$1.0M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04728+0.106%$2.1M$2.9M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04722−0.021%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04697−0.540%$907K$370Kas long as short
SunX CHIP-USDT+0.0100%4h0.04724+0.021%$870$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0162%1h0.04703−0.420%$66$39K5xas long as short
Hyperliquid CHIP+0.0259%1h0.04734+0.231%$15.4M$6.4M3xas long as short
Coinbase International CHIP-PERP-INTX+0.0696%1h0.04736+0.273%$46K$40K50xas long as short