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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.070%
Price spread now: Aster against ApeX Omni+0.390%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$920.918% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.299%+$30 on $10k
Price spread, last 3 days (all we have)−0.531%−$53 · spread now +0.390%, 7d avg +0.043%
Together, before fees−0.233%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.347% dearer against ApeX Omni than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04580−0.0069get 0.0009% / 1h33m 29s$14K$247K50x
ShortAster CHIPUSDT0.045980.0061get 0.0030% / 4h1h 33m$48K$229K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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
$27.23
Price spread: +0.390% → +0.043%
$34.71
Slippage, 4 orders
−$73.79
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$29.85
Costs to cover
0.918%
Break-even
14.7 days
Slippage from ApeX Omni: live order book, 48 min ago; Aster: live order book, 48 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 ApeX Omni live order book, 48 min ago6.52 bp14.1 bp −$14122.3 bp −$1,223doesn't fitdoesn't fit
Sell Aster live order book, 48 min ago3.26 bp29.1 bp −$29doesn't fitdoesn'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
Backpack CHIP_USDC_PERP−0.1298%1h0.04595+0.328%$16K$234K5xas long as short
Phoenix CHIP−0.0352%1h0.04595+0.328%$3K$143K5xas long as short
OKX CHIP-USDT-SWAP−0.0208%4h0.04595+0.328%$1.9M$9.1M20xas long as short
Aftermath Perps CHIPUSD−0.0177%1h0.04585+0.107%$110$39K5xas long as short
BloFin CHIP-USDT−0.0139%4h0.04570−0.218%$537K$67K50xas long as short
Nado CHIP-PERP−0.0132%1h0.04598+0.382%$230K$18K5xas long as short
Extended CHIP-USD−0.0104%1h0.04596+0.353%$209K$1.3M5xas long as short
MEXC CHIP_USDT−0.0102%4h0.04594+0.306%$1.8M$1.2M50xas long as short
Binance CHIPUSDT−0.0097%4h0.04592+0.262%$13.8M$26.0M50xas long as short
ApeX Omni CHIPUSDTlong−0.0069%1h0.04580long leg$14K$247K50x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT0.0000%4h0.04596+0.349%$10.7M$9.0M20xas long as short
Aster CHIPUSDTshort+0.0061%4h0.04598+0.390%$48K$229K5x
Lighter CHIP+0.0096%1h0.04598+0.393%$85K$109K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04604+0.524%$14.5M$6.8M3xas long as short
Pacifica CHIP+0.0100%1h0.04599+0.421%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04593+0.284%$678K$903K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04593+0.284%$977K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04598+0.393%$2.0M$3.1M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04594+0.306%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04580+0.010%$843K$465Kas long as short
SunX CHIP-USDT+0.0100%4h0.04576−0.087%$1K$1.1M10xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0338%1h0.04593+0.290%$10K$25K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0824%1h0.04757+3.854%$46K$41K50xas long as short