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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0844%/8h= +92.5% APRnext payment +$1.06 per $10,000 · paid last 24h +0.138%
Price spread now: Deribit against ApeX Omni+0.779%74s7-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 +$25 a day on $10k at the current rate, and Deribit is 0.779% dearer against ApeX Omni than usual: you sell high and buy low: +$78 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04701−0.0165get 0.0021% / 1h20m 01s$16K$244K50x
ShortDeribit CHIP_USDC-PERPETUAL0.047380.0680get 0.0085% / 1h20m 01s$10K$24K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$177.34
Price spread: +0.779% → 0.000%
$77.86
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$238.2
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 46 min ago; Deribit: 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 ApeX Omni live order book, 46 min ago8.55 bp16.2 bp −$16139.4 bp −$1,394doesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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 22 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−0.1233%1h0.04740+0.830%$16K$221K5xas long as short
Phoenix CHIP−0.0172%1h0.04665−0.766%$3K$129K5xas long as short
ApeX Omni CHIPUSDTlong−0.0165%1h0.04701long leg$16K$244K50x
Nado CHIP-PERP−0.0024%1h0.04719+0.383%$238K$19K5xas long as short
OKX CHIP-USDT-SWAP−0.0018%4h0.04746+0.957%$2.0M$9.3M20xas long as short
Lighter CHIP+0.0096%1h0.04732+0.659%$88K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04745+0.927%$15.0M$6.2M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04732+0.651%$37K$255K5xas long as short
Pacifica CHIP+0.0100%1h0.04714+0.285%$14K$6283xas long as short
Binance CHIPUSDT+0.0100%4h0.04745+0.936%$14.3M$26.0M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0100%4h0.04750+1.042%$11.1M$8.7M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04729+0.596%$698K$954K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04742+0.872%$1.8M$1.1M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04747+0.979%$990K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04748+1.000%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04741+0.851%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04714+0.279%$892K$464Kas long as short
SunX CHIP-USDT+0.0100%4h0.04710+0.191%$625$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04744+0.909%$216K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0415%1h0.04686−0.323%$94$38K5xas long as short
Deribit CHIP_USDC-PERPETUALshort+0.0680%1h0.04738+0.779%$10K$24K10x
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04738+0.796%$46K$40K50xas long as short