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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0446%/8h= −48.8% APRpaid last 24h −0.107%
Price spread now: ApeX Omni against SunX−0.190%73s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2822.819% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.469%−$47 on $10k
Price spread, last 4 days (all we have)−0.621%−$62 · spread now −0.190%, 7d avg +0.018%
Together, before fees−1.090%−$109 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 0.208% cheaper against SunX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.047360.0100pay 0.0050% / 4h2h 17m$940$959K10x
ShortApeX Omni CHIPUSDT0.04727−0.0346pay 0.0043% / 1h17m 57s$16K$247K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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
−$93.68
Price spread: −0.190% → +0.018%
−$20.84
Slippage, 4 orders
−$263.94
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$396.46
Costs to cover
2.819%
Break-even
never at this rate
Slippage from SunX: live order book, 27 min ago; ApeX Omni: live order book, 31 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 SunX live order book, 27 min ago45.63 bp124.8 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 31 min ago6.39 bp14.3 bp −$14127.2 bp −$1,272doesn't fitdoesn't fit

CHIP on 23 exchanges

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 CHIPUSDTshort−0.0346%1h0.04727−0.190%$16K$247K50x
Phoenix CHIP−0.0169%1h0.04723−0.274%$3K$125K5xas long as short
Aftermath Perps CHIPUSD−0.0099%1h0.04726−0.216%$92$34K5xas long as short
Nado CHIP-PERP−0.0015%1h0.04736+0.011%$240K$18K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04740+0.091%$10K$13K10xas long as short
OKX CHIP-USDT-SWAP+0.0036%4h0.04746+0.211%$2.2M$9.2M20xas long as short
Lighter CHIP+0.0096%1h0.04744+0.169%$99K$106K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04753+0.367%$14.5M$5.4M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04747+0.230%$49K$273K5xas long as short
Pacifica CHIP+0.0100%1h0.04740+0.084%$16K$4K3xas long as short
Show all 23 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04747+0.227%$14.2M$26.2M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04748+0.253%$10.7M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04747+0.232%$712K$970K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04746+0.211%$1.8M$1.0M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04746+0.211%$982K$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04746+0.211%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04748+0.253%$1.8Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04745+0.190%$27K$189K5xas long as short
Variational Omni CHIP+0.0100%4h0.04725−0.242%$870K$502Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04736long leg$940$959K10x
Extended CHIP-USD+0.0104%1h0.04744+0.160%$217K$1.7M5xas long as short
BloFin CHIP-USDT+0.0142%4h0.04728−0.169%$568K$117K50xas long as short
Coinbase International CHIP-PERP-INTX+0.1552%1h0.04756+0.427%$45K$35K50xas long as short