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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0292%/8hnext payment +$0.36 per $10,000 · paid last 24h +0.051%
Price spread now: Extended against ApeX Omni+0.290%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$1151.150% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.415%+$41 on $10k
Price spread, last 3 days (all we have)−1.079%−$108 · spread now +0.290%, 7d avg −0.061%
Together, before fees−0.665%+ Points / potential airdropExtended: Active · farm board−$66 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.351% 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 −0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CHIPUSDT0.04707−0.0204get 0.0025% / 1h7m 05s$14K$249K50x
ShortExtended CHIP-USD0.047210.0088get 0.0011% / 1h7m 05s$214K$1.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$61.24
Price spread: +0.290% → −0.061%
$35.09
Slippage, 4 orders
−$100.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$18.7
Costs to cover
1.150%
Break-even
9.1 days
Slippage from ApeX Omni: live order book, 23 min ago; Extended: live order book, 1 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, 23 min ago11.84 bp20.3 bp −$20120.2 bp −$1,202doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago3.19 bp40.8 bp −$41276.6 bp −$2,766doesn'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
ApeX Omni CHIPUSDTlong−0.0204%1h0.04707long leg$14K$249K50x
Nado CHIP-PERP−0.0198%1h0.04720+0.276%$236K$18K5xas long as short
Backpack CHIP_USDC_PERP−0.0177%1h0.04724+0.361%$18K$233K5xas long as short
Phoenix CHIP−0.0174%1h0.04696−0.234%$3K$143K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04733+0.552%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0035%4h0.04710+0.064%$563K$78K50xas long as short
Bybit CHIPUSDT+0.0076%4h0.04725+0.382%$11.2M$8.6M20xas long as short
Extended CHIP-USDshort+0.0088%1h0.04721+0.290%$214K$1.3M5x
Binance CHIPUSDT+0.0089%4h0.04722+0.319%$14.3M$25.0M50xas long as short
Lighter CHIP+0.0096%1h0.04728+0.446%$88K$109K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT+0.0096%4h0.04721+0.297%$1.9M$1.2M50xas long as short
Aster CHIPUSDT+0.0100%4h0.04727+0.419%$40K$207K5xas long as short
Pacifica CHIP+0.0100%1h0.04711+0.091%$14K$6283xas long as short
OKX CHIP-USDT-SWAP+0.0100%4h0.04719+0.255%$1.9M$9.2M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04723+0.340%$710K$876K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04724+0.361%$1.0M$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04727+0.425%$2.1M$2.9M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04723+0.340%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04697−0.202%$907K$370Kas long as short
SunX CHIP-USDT+0.0100%4h0.04724+0.361%$870$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0162%1h0.04703−0.082%$66$39K5xas long as short
Hyperliquid CHIP+0.0263%1h0.04735+0.601%$15.5M$6.4M3xas long as short
Coinbase International CHIP-PERP-INTX+0.0696%1h0.04736+0.614%$46K$40K50xas long as short