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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: BingX against Hyperliquid−0.266%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$790.790% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.121%−$12 on $10k
Price spread, last 7 days+0.184%+$18 · spread now −0.266%, 7d avg −0.162%
Together, before fees+0.063%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 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: BingX is 0.105% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.162%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.046530.0100pay 0.0013% / 1h28m 48s$14.6M$6.2M3x
ShortBingX CHIP-USDT0.046410.0100get 0.0050% / 4h2h 28m$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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: −0.266% → −0.162%
−$10.45
Slippage, 4 orders
−$59.97
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$89.42
Costs to cover
0.790%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 9 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 Hyperliquid live order book, 4 min ago0.96 bp13.8 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago3.24 bp21.4 bp −$2171.4 bp −$714594.4 bp −$59.4Kdoesn't fit

CHIP on 22 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−0.1137%1h0.04641−0.266%$15K$219K5xas long as short
ApeX Omni CHIPUSDT−0.0236%1h0.04659+0.120%$16K$250K50xas long as short
Phoenix CHIP−0.0172%1h0.04666+0.271%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0015%4h0.04646−0.159%$1.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0005%1h0.04648−0.105%$234K$19K5xas long as short
Lighter CHIP+0.0096%1h0.04645−0.181%$86K$108K3xas long as short
Hyperliquid CHIPlong+0.0100%1h0.04653long leg$14.6M$6.2M3x
Aster CHIPUSDT+0.0100%4h0.04643−0.213%$36K$253K5xas long as short
Pacifica CHIP+0.0100%1h0.04646−0.165%$13K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04644−0.202%$14.0M$25.9M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.04649−0.095%$10.8M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04650−0.073%$687K$951K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04645−0.181%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04645−0.181%$975K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04643−0.223%$1.9M$3.2M50xas long as short
BingX CHIP-USDTshort+0.0100%4h0.04641−0.266%$1.9M
Variational Omni CHIP+0.0100%4h0.04662+0.191%$876K$459Kas long as short
SunX CHIP-USDT+0.0100%4h0.04649−0.095%$730$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04641−0.271%$211K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0409%1h0.04655+0.030%$93$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0503%1h0.04651−0.058%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04715+1.315%$45K$40K50xas long as short