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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h −0.009%
Price spread now: Extended against KuCoin+0.018%7-day average −0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1721.723% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.187%+$19 on $10k
Price spread, last 7 days−0.288%−$29 · spread now +0.018%, 7d avg −0.117%
Together, before fees−0.101%+ Points / potential airdropExtended: Active · farm board−$10 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 Extended is 0.136% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.117%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.04794−0.0048get 0.0024% / 4h1h 29m$1.0M$1.1M50x
ShortExtended CHIP-USD0.047950.0104get 0.0013% / 1h29m 30s$217K$1.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$31.92
Price spread: +0.018% → −0.117%
$13.55
Slippage, 4 orders
−$155.35
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$126.88
Costs to cover
1.723%
Break-even
34.8 days
Slippage from KuCoin: live order book, 5 min ago; Extended: live order book, 4 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, 5 min ago7.33 bp74.6 bp −$75602.0 bp −$6,020doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago3.25 bp30.9 bp −$31213.4 bp −$2,134doesn'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
ApeX Omni CHIPUSDT−0.0446%1h0.04784−0.209%$17K$246K50xas long as short
Bybit CHIPUSDT−0.0403%4h0.04798+0.083%$10.8M$9.1M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0355%1h0.04793−0.017%$10K$24K10xas long as short
OKX CHIP-USDT-SWAP−0.0192%4h0.04790−0.083%$2.1M$9.8M20xas long as short
Nado CHIP-PERP−0.0174%1h0.04796+0.042%$243K$18K5xas long as short
Phoenix CHIP−0.0171%1h0.04795+0.021%$3K$128K5xas long as short
KuCoin CHIPUSDTMlong−0.0048%4h0.04794long leg$1.0M$1.1M50x
Aftermath Perps CHIPUSD−0.0015%1h0.04779−0.320%$62$36K5xas long as short
BloFin CHIP-USDT+0.0078%4h0.04789−0.104%$575K$91K50xas long as short
Lighter CHIP+0.0096%1h0.04793−0.021%$99K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04802+0.163%$14.9M$6.0M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04796+0.032%$55K$272K5xas long as short
Pacifica CHIP+0.0100%1h0.04790−0.083%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04792−0.039%$14.4M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.047940.000%$686K$969K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.047940.000%$1.8M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04795+0.021%$2.1M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04795+0.021%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04798+0.083%$35K$229K5xas long as short
Variational Omni CHIP+0.0100%4h0.04803+0.181%$886K$442Kas long as short
SunX CHIP-USDT+0.0100%4h0.04787−0.146%$846$1.0M10xas long as short
Extended CHIP-USDshort+0.0104%1h0.04795+0.018%$217K$1.0M5x
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04805+0.229%$46K$38K50xas long as short