Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h +0.048%

Price spread now: Deribit against KuCoin+0.081%7-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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.081% dearer against KuCoin than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CHIPUSDTM	0.04800	0.0014	pay 0.0007% / 4h	3h 41m	$1.0M	$1.1M	50x
Short	Deribit CHIP_USDC-PERPETUAL	0.04804	−0.0374	pay 0.0047% / 1h	41m 49s	$10K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$81.5
Price spread: +0.081% → 0.000%: $8.12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$92.38
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Deribit: 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, 3 min ago	8.28 bp	73.5 bp −$74	697.7 bp −$6,977	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Deribit CHIP_USDC-PERPETUALshort	−0.0374%	1h	0.04804	+0.081%	$10K	$23K	10x
Phoenix CHIP	−0.0167%	1h	0.04835	+0.729%	$3K	$122K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0025%	4h	0.04793	−0.146%	$2.2M	$9.6M	20x	as long as short
Aftermath Perps CHIPUSD	−0.0022%	1h	0.04825	+0.519%	$270	$35K	5x	as long as short
KuCoin CHIPUSDTMlong	+0.0014%	4h	0.04800	long leg	$1.0M	$1.1M	50x
ApeX Omni CHIPUSDT	+0.0091%	1h	0.04830	+0.625%	$17K	$246K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04804	+0.083%	$100K	$106K	3x	as long as short
Nado CHIP-PERP	+0.0099%	1h	0.04804	+0.073%	$243K	$18K	5x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04805	+0.110%	$14.8M	$5.9M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04801	+0.025%	$49K	$273K	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CHIP	+0.0100%	1h	0.04805	+0.113%	$16K	$4K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04793	−0.155%	$14.4M	$26.8M	50x	as long as short
Bybit CHIPUSDT	+0.0100%	4h	0.04798	−0.042%	$11.0M	$9.0M	20x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04803	+0.063%	$719K	$1.0M	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04798	−0.042%	$1.9M	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04800	0.000%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04794	−0.125%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04833	+0.692%	$932K	$472K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04803	+0.063%	$716	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04793	−0.140%	$219K	$1.7M	5x	as long as short
BloFin CHIP-USDT	+0.0145%	4h	0.04791	−0.187%	$576K	$117K	50x	as long as short
Backpack CHIP_USDC_PERP	+0.0360%	1h	0.04804	+0.083%	$26K	$208K	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0896%	1h	0.04867	+1.396%	$47K	$38K	50x	as long as short