Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.1516%/8h= +166.0% APRpaid last 24h +0.261%

Price spread now: Coinbase International against MEXC+0.129%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 +$45 a day on $10k at the current rate, and Coinbase International is 0.129% dearer against MEXC than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CHIP_USDT	0.04635	0.0100	pay 0.0050% / 4h	1h 51m	$1.9M	$973K	50x
Short	Coinbase International CHIP-PERP-INTX	0.04641	0.1616	get 0.0202% / 1h	51m 31s	$50K	$59K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.129%Rate

Funding earned: $318.36
Price spread: +0.129% → 0.000%: $12.94
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $321.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	2.16 bp	10.1 bp −$10	85.9 bp −$859	260.0 bp −$26.0K	793.3 bp −$396.6K
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 exchanges

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
Backpack CHIP_USDC_PERP	−0.1038%	1h	0.04637	+0.043%	$25K	$178K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0893%	1h	0.04626	−0.194%	$16K	$246K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0892%	1h	0.04634	−0.013%	$9K	$2K	10x	as long as short
Phoenix CHIP	−0.0343%	1h	0.04625	−0.216%	$3K	$130K	5x	as long as short
Nado CHIP-PERP	−0.0140%	1h	0.04638	+0.076%	$235K	$17K	5x	as long as short
Aftermath Perps CHIPUSD	−0.0134%	1h	0.04651	+0.341%	$90	$34K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0130%	4h	0.04641	+0.129%	$2.1M	$8.9M	20x	as long as short
Bybit CHIPUSDT	−0.0045%	4h	0.04646	+0.237%	$10.5M	$8.6M	20x	as long as short
Lighter CHIP	+0.0096%	1h	0.04632	−0.065%	$96K	$89K	3x	as long as short
KuCoin CHIPUSDTM	+0.0098%	4h	0.04631	−0.086%	$949K	$1.2M	50x	as long as short

Show all 23 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	0.04649	+0.298%	$13.9M	$5.3M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04640	+0.108%	$47K	$270K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04630	−0.104%	$15K	$4K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04642	+0.151%	$13.8M	$26.2M	50x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04634	−0.022%	$709K	$784K	50x	as long as short
MEXC CHIP_USDTlong	+0.0100%	4h	0.04635	long leg	$1.9M	$973K	50x
Bitget CHIPUSDT	+0.0100%	4h	0.04639	+0.086%	$2.0M	$3.5M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04637	+0.043%	—	$1.8M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04658	+0.492%	$862K	$502K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04630	−0.108%	$625	$942K	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04634	−0.023%	$209K	$1.7M	5x	as long as short
BloFin CHIP-USDT	+0.0137%	4h	0.04619	−0.345%	$560K	$113K	50x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.1616%	1h	0.04641	+0.129%	$50K	$59K	50x