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 UTC+0.0796%/8h= +87.2% APRpaid last 24h +0.242%
Price spread now: Coinbase International against SunX+0.850%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Coinbase International is 0.850% dearer against SunX than usual: you sell high and buy low: +$85 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CHIP-USDT0.048260.0100pay 0.0050% / 4h3h 48m$649$1.0M10x
ShortCoinbase International CHIP-PERP-INTX0.048670.0896get 0.0112% / 1h48m 48s$47K$38K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$167.16
Price spread: +0.850% → 0.000%
$84.96
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$234.12
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SunX: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago47.81 bp144.0 bp −$144doesn't fitdoesn't fitdoesn't fit
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 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
Deribit CHIP_USDC-PERPETUAL−0.0702%1h0.04827+0.010%$10K$23K10xas long as short
Phoenix CHIP−0.0167%1h0.04818−0.166%$3K$122K5xas long as short
OKX CHIP-USDT-SWAP−0.0039%4h0.04832+0.124%$2.2M$9.6M20xas long as short
Aftermath Perps CHIPUSD−0.0028%1h0.04827+0.027%$262$35K5xas long as short
KuCoin CHIPUSDTM−0.0008%4h0.04832+0.124%$1.0M$1.1M50xas long as short
Lighter CHIP+0.0096%1h0.04837+0.228%$100K$106K3xas long as short
BloFin CHIP-USDT+0.0096%4h0.04823−0.062%$572K$117K50xas long as short
Hyperliquid CHIP+0.0100%1h0.04842+0.334%$15.0M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04835+0.181%$49K$274K5xas long as short
Pacifica CHIP+0.0100%1h0.04834+0.168%$16K$4K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04830+0.075%$14.5M$26.9M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04836+0.207%$11.0M$9.0M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04833+0.145%$722K$1.0M50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04830+0.083%$1.9M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04831+0.104%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04833+0.145%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04840+0.294%$936K$472Kas long as short
ApeX Omni CHIPUSDT+0.0100%1h0.04817−0.186%$17K$246K50xas long as short
SunX CHIP-USDTlong+0.0100%4h0.04826long leg$649$1.0M10x
Extended CHIP-USD+0.0104%1h0.04830+0.079%$220K$1.8M5xas long as short
Nado CHIP-PERP+0.0167%1h0.04830+0.083%$244K$18K5xas long as short
Backpack CHIP_USDC_PERP+0.0542%1h0.04827+0.021%$26K$211K5xas long as short
Coinbase International CHIP-PERP-INTXshort+0.0896%1h0.04867+0.850%$47K$38K50x