Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0818%/8h= +89.6% APRpaid last 24h +0.243%

Price spread now: Coinbase International against KuCoin+1.105%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 1.105% dearer against KuCoin than usual: you sell high and buy low: +$111 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CHIPUSDTM	0.04660	0.0030	pay 0.0015% / 4h	2h 48m	$974K	$1.1M	50x
Short	Coinbase International CHIP-PERP-INTX	0.04711	0.0848	get 0.0106% / 1h	48m 26s	$45K	$37K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +1.105%Rate

Funding earned: $171.78
Price spread: +1.105% → 0.000%: $110.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $260.3
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 1 min ago; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 1 min ago	8.59 bp	51.7 bp −$52	643.0 bp −$6,430	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CHIP on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CHIPUSDT	−0.0541%	4h	0.04667	+0.150%	$10.6M	$9.1M	20x	as long as short
ApeX Omni CHIPUSDT	−0.0342%	1h	0.04672	+0.258%	$16K	$245K	50x	as long as short
OKX CHIP-USDT-SWAP	−0.0250%	4h	0.04664	+0.086%	$2.0M	$9.5M	20x	as long as short
Phoenix CHIP	−0.0171%	1h	0.04660	0.000%	$3K	$129K	5x	as long as short
Nado CHIP-PERP	−0.0014%	1h	0.04663	+0.075%	$236K	$18K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	0.0000%	1h	0.04659	−0.017%	$9K	$24K	10x	as long as short
KuCoin CHIPUSDTMlong	+0.0030%	4h	0.04660	long leg	$974K	$1.1M	50x
BloFin CHIP-USDT	+0.0069%	4h	0.04651	−0.193%	$562K	$63K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04666	+0.129%	$96K	$113K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04672	+0.249%	$14.5M	$6.1M	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CHIPUSDT	+0.0100%	4h	0.04666	+0.119%	$55K	$279K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04663	+0.073%	$16K	$3K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04664	+0.086%	$14.0M	$27.0M	50x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04658	−0.043%	$667K	$963K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04666	+0.129%	$1.7M	$1.2M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04666	+0.129%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04664	+0.086%	—	$2.0M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04674	+0.304%	$821K	$481K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04653	−0.150%	$818	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04664	+0.091%	$212K	$1.0M	5x	as long as short
Aftermath Perps CHIPUSD	+0.0168%	1h	0.04669	+0.187%	$100	$37K	5x	as long as short
Backpack CHIP_USDC_PERP	+0.0329%	1h	0.04660	0.000%	$34K	$231K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0848%	1h	0.04711	+1.105%	$45K	$37K	50x