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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against KuCoin+0.117%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1401.398% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.323%+$32 on $10k
Price spread, last 7 days−0.008%−$1 · spread now +0.117%, 7d avg +0.136%
Together, before fees+0.315%+ Points / potential airdropHyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin CHIPUSDTM0.047040.0100pay 0.0050% / 4h3h 50m$976K$1.1M50x
ShortHyperliquid CHIP0.047090.0100get 0.0013% / 1h50m 43s$14.6M$6.2M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: +0.117% → +0.136%
−$1.94
Slippage, 4 orders
−$118.78
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$141.71
Costs to cover
1.398%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Hyperliquid: live order book, 2 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, 4 min ago8.46 bp63.7 bp −$64629.1 bp −$6,291doesn't fitdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.06 bp17.4 bp −$17doesn'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
Phoenix CHIP−0.0338%1h0.04733+0.616%$3K$137K5xas long as short
OKX CHIP-USDT-SWAP−0.0315%4h0.04701−0.064%$2.0M$9.7M20xas long as short
Nado CHIP-PERP−0.0076%1h0.047040.000%$238K$20K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0047%1h0.04709+0.108%$10K$24K10xas long as short
Gate CHIP_USDT−0.0042%4h0.04709+0.106%$682K$978K50xas long as short
Backpack CHIP_USDC_PERP−0.0039%1h0.04707+0.064%$33K$253K5xas long as short
Aster CHIPUSDT+0.0012%4h0.04708+0.088%$56K$279K5xas long as short
ApeX Omni CHIPUSDT+0.0090%1h0.04726+0.468%$16K$244K50xas long as short
Lighter CHIP+0.0096%1h0.04707+0.064%$96K$114K3xas long as short
Extended CHIP-USD+0.0096%1h0.04694−0.219%$214K$1.9M5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT+0.0096%4h0.04701−0.064%$1.8M$1.2M50xas long as short
Binance CHIPUSDT+0.0096%4h0.04701−0.055%$14.2M$27.0M50xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04709+0.117%$14.6M$6.2M3x
Pacifica CHIP+0.0100%1h0.04705+0.017%$16K$3K3xas long as short
Bybit CHIPUSDT+0.0100%4h0.04705+0.021%$10.8M$9.0M20xas long as short
KuCoin CHIPUSDTMlong+0.0100%4h0.04704long leg$976K$1.1M50x
Bitget CHIPUSDT+0.0100%4h0.04699−0.106%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04695−0.191%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04708+0.078%$838K$525Kas long as short
SunX CHIP-USDT+0.0100%4h0.04706+0.043%$634$1.0M10xas long as short
BloFin CHIP-USDT+0.0128%4h0.04698−0.128%$566K$65K50xas long as short
Aftermath Perps CHIPUSD+0.0157%1h0.04727+0.498%$134$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+1.297%$46K$41K50xas long as short