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+0.0158%/8h= +17.3% APRnext payment +$0.79 per $10,000 · paid last 24h −0.005%
Price spread now: Aster against KuCoin+0.043%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1421.424% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.079%+$8 on $10k
Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.043%, 7d avg −0.008%
Together, before fees−0.083%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.051% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.04705−0.0058get 0.0029% / 4h1h 55m$988K$1.2M50x
ShortAster CHIPUSDT0.047070.0100get 0.0050% / 4h1h 55m$55K$279K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$33.18
Price spread: +0.043% → −0.008%
$5.09
Slippage, 4 orders
−$122.43
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$104.16
Costs to cover
1.424%
Break-even
29.0 days
Slippage from KuCoin: live order book, 10 min ago; Aster: live order book, 51 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 KuCoin live order book, 10 min ago6.41 bp41.0 bp −$41551.0 bp −$5,510doesn't fitdoesn't fit
Sell Aster live order book, 51 min ago6.44 bp26.4 bp −$26doesn'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−0.0387%1h0.047050.000%$34K$234K5xas long as short
Bybit CHIPUSDT−0.0342%4h0.04710+0.106%$10.6M$9.2M20xas long as short
OKX CHIP-USDT-SWAP−0.0232%4h0.047050.000%$2.1M$9.6M20xas long as short
Phoenix CHIP−0.0171%1h0.04700−0.106%$3K$128K5xas long as short
Nado CHIP-PERP−0.0134%1h0.047050.000%$238K$18K5xas long as short
KuCoin CHIPUSDTMlong−0.0058%4h0.04705long leg$988K$1.2M50x
Aftermath Perps CHIPUSD−0.0018%1h0.04699−0.135%$115$36K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04703−0.043%$9K$24K10xas long as short
Lighter CHIP+0.0096%1h0.04711+0.128%$98K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04716+0.227%$14.6M$6.1M3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CHIPUSDTshort+0.0100%4h0.04707+0.043%$55K$279K5x
Pacifica CHIP+0.0100%1h0.04710+0.106%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04703−0.043%$14.1M$27.2M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04706+0.021%$677K$960K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04704−0.021%$1.7M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04706+0.021%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.047050.000%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04701−0.081%$846K$501Kas long as short
ApeX Omni CHIPUSDT+0.0100%1h0.04688−0.361%$16K$246K50xas long as short
SunX CHIP-USDT+0.0100%4h0.04696−0.191%$812$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04702−0.068%$214K$1.0M5xas long as short
BloFin CHIP-USDT+0.0113%4h0.04685−0.425%$556K$66K50xas long as short
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04735+0.633%$45K$37K50xas long as short