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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against SunX0.000%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$294as in the Funding arb table
Net, price: spread back to 7d avg − costs−$303as in the Price arb table
costs, in and out, $10k−$2942.938% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.131%−$13 · spread now 0.000%, 7d avg +0.088%
Together, before fees−0.131%−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.088% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.046780.0100pay 0.0050% / 4h3h 10m$640$1.0M10x
ShortBitget CHIPUSDT0.046780.0100get 0.0050% / 4h3h 10m$2.0M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: 0.000% → +0.088%
−$8.83
Slippage, 4 orders
−$273.84
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$302.67
Costs to cover
2.938%
Break-even
never at this rate
Slippage from SunX: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago45.90 bp125.0 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago3.20 bp16.4 bp −$1648.7 bp −$487doesn'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%1h0.04690+0.257%$3K$137K5xas long as short
Bybit CHIPUSDT−0.0327%4h0.046780.000%$10.6M$9.0M20xas long as short
OKX CHIP-USDT-SWAP−0.0230%4h0.04677−0.021%$2.0M$9.6M20xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0198%1h0.04683+0.098%$9K$24K10xas long as short
ApeX Omni CHIPUSDT−0.0171%1h0.04688+0.214%$16K$245K50xas long as short
Nado CHIP-PERP−0.0026%1h0.04678+0.011%$237K$18K5xas long as short
KuCoin CHIPUSDTM+0.0094%4h0.04680+0.043%$968K$1.1M50xas long as short
Lighter CHIP+0.0096%1h0.04682+0.086%$96K$115K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04689+0.233%$14.5M$6.2M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04685+0.152%$56K$279K5xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04682+0.083%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04677−0.029%$14.1M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04682+0.086%$671K$988K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.046780.000%$1.7M$1.2M50xas long as short
Bitget CHIPUSDTshort+0.0100%4h0.046780.000%$2.0M$3.4M50x
BingX CHIP-USDT+0.0100%4h0.04676−0.043%$2.0Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04682+0.086%$34K$230K5xas long as short
Variational Omni CHIP+0.0100%4h0.04686+0.163%$829K$476Kas long as short
SunX CHIP-USDTlong+0.0100%4h0.04678long leg$640$1.0M10x
Extended CHIP-USD+0.0104%1h0.04676−0.038%$216K$1.0M5xas long as short
BloFin CHIP-USDT+0.0109%4h0.04690+0.257%$565K$65K50xas long as short
Aftermath Perps CHIPUSD+0.0220%1h0.04691+0.286%$68$37K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+1.860%$46K$37K50xas long as short