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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: Gate against Hyperliquid+0.063%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1121.124% 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−0.209%−$21 · spread now +0.063%, 7d avg −0.093%
Together, before fees−0.346%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 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: Gate is 0.156% dearer against Hyperliquid than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CHIP0.045900.0100pay 0.0013% / 1h51m 56s$14.7M$6.6M3x
ShortGate CHIP_USDT0.045930.0100get 0.0050% / 4h2h 51m$699K$891K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.063% → −0.093%
$15.61
Slippage, 4 orders
−$88.37
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$96.76
Costs to cover
1.124%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Gate: live order book, 34 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, 11 min ago1.08 bp16.5 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 34 min ago12.86 bp43.1 bp −$43251.6 bp −$2,516doesn'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−0.2107%1h0.04585−0.111%$16K$235K5xas long as short
ApeX Omni CHIPUSDT−0.1119%1h0.04620+0.651%$14K$249K50xas long as short
Bybit CHIPUSDT−0.0451%4h0.04585−0.111%$10.7M$8.9M20xas long as short
Nado CHIP-PERP−0.0181%1h0.04587−0.057%$230K$18K5xas long as short
Phoenix CHIP−0.0173%1h0.04589−0.024%$3K$143K5xas long as short
OKX CHIP-USDT-SWAP−0.0156%4h0.04581−0.198%$1.9M$9.1M20xas long as short
Aster CHIPUSDT−0.0081%4h0.04593+0.060%$41K$226K5xas long as short
Extended CHIP-USD−0.0080%1h0.04580−0.219%$209K$1.3M5xas long as short
Binance CHIPUSDT−0.0079%4h0.04580−0.222%$13.8M$25.6M50xas long as short
MEXC CHIP_USDT−0.0076%4h0.04583−0.155%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDT−0.0071%4h0.04591+0.020%$546K$71K50xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04593+0.063%$10K$24K10xas long as short
Aftermath Perps CHIPUSD+0.0070%1h0.04611+0.456%$85$39K5xas long as short
Lighter CHIP+0.0096%1h0.04586−0.089%$85K$110K3xas long as short
Hyperliquid CHIPlong+0.0100%1h0.04590long leg$14.7M$6.6M3x
Pacifica CHIP+0.0100%1h0.04590−0.002%$13K$6283xas long as short
Gate CHIP_USDTshort+0.0100%4h0.04593+0.063%$699K$891K50x
KuCoin CHIPUSDTM+0.0100%4h0.04586−0.089%$986K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04590−0.002%$1.9M$3.0M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04583−0.155%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04622+0.694%$842K$463Kas long as short
SunX CHIP-USDT+0.0100%4h0.04586−0.089%$964$1.0M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+3.625%$46K$41K50xas long as short