Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

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 −0.003%

Price spread now: MEXC against SunX−0.084%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$317as in the Price arb table

costs, in and out, $10k−$3063.059% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.084%, 7d avg +0.022%

Together, before fees−0.048%−$5 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: MEXC is 0.106% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CHIP-USDT	0.04761	0.0100	pay 0.0050% / 4h	20m 41s	$495	$1.0M	10x
Short	MEXC CHIP_USDT	0.04757	0.0100	get 0.0050% / 4h	20m 41s	$1.9M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee SunXbpFee MEXCbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → +0.022%: −$10.64
Slippage, 4 orders: −$297.9
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$316.55
Costs to cover: 3.059%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; MEXC: live order book, 1 min ago.

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 SunX live order book, 2 min ago	47.31 bp	125.7 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.05 bp	17.3 bp −$17	98.2 bp −$982	254.8 bp −$25.5K	751.1 bp −$375.6K

CHIP on 23 venues

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
Phoenix CHIP	−0.0335%	1h	0.04759	−0.042%	$3K	$125K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0332%	1h	0.04763	+0.042%	$17K	$246K	50x	as long as short
OKX CHIP-USDT-SWAP	−0.0173%	4h	0.04762	+0.021%	$2.1M	$9.6M	20x	as long as short
Bybit CHIPUSDT	−0.0142%	4h	0.04767	+0.126%	$10.8M	$9.0M	20x	as long as short
KuCoin CHIPUSDTM	−0.0090%	4h	0.04762	+0.021%	$1.0M	$1.1M	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0044%	1h	0.04766	+0.109%	$10K	$23K	10x	as long as short
Nado CHIP-PERP	−0.0007%	1h	0.04763	+0.042%	$241K	$18K	5x	as long as short
BloFin CHIP-USDT	+0.0052%	4h	0.04765	+0.084%	$574K	$100K	50x	as long as short
Aftermath Perps CHIPUSD	+0.0053%	1h	0.04767	+0.123%	$87	$36K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04762	+0.021%	$99K	$107K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	0.04768	+0.158%	$14.7M	$5.9M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04762	+0.029%	$49K	$275K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04762	+0.023%	$16K	$4K	3x	as long as short
Binance CHIPUSDT	+0.0100%	4h	0.04759	−0.042%	$14.3M	$26.9M	50x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04766	+0.105%	$678K	$977K	50x	as long as short
MEXC CHIP_USDTshort	+0.0100%	4h	0.04757	−0.084%	$1.9M	$1.1M	50x
Bitget CHIPUSDT	+0.0100%	4h	0.04764	+0.063%	$2.0M	$3.4M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04761	0.000%	—	$1.9M	—	as long as short
Backpack CHIP_USDC_PERP	+0.0100%	1h	0.04766	+0.105%	$27K	$217K	5x	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04767	+0.119%	$919K	$472K	—	as long as short
SunX CHIP-USDTlong	+0.0100%	4h	0.04761	long leg	$495	$1.0M	10x
Extended CHIP-USD	+0.0104%	1h	0.04760	−0.016%	$219K	$1.9M	5x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0920%	1h	0.04839	+1.645%	$46K	$37K	50x	as long as short