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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0499%/8h= −54.7% APRpaid last 24h −0.090%
Price spread now: ApeX Omni against Aster−0.342%59s7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$970.970% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.330%−$33 on $10k
Price spread, last 4 days (all we have)+0.392%+$39 · spread now −0.342%, 7d avg −0.039%
Together, before fees+0.062%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and ApeX Omni is 0.303% cheaper against Aster than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.039%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CHIPUSDT0.047770.0100pay 0.0050% / 4h1h 34m$55K$272K5x
ShortApeX Omni CHIPUSDT0.04761−0.0399pay 0.0050% / 1h34m 36s$17K$246K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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
−$104.82
Price spread: −0.342% → −0.039%
−$30.33
Slippage, 4 orders
−$78.97
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$232.11
Costs to cover
0.970%
Break-even
never at this rate
Slippage from Aster: live order book, 7 min ago; ApeX Omni: live order book, 7 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 Aster live order book, 7 min ago8.37 bp35.6 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 7 min ago8.39 bp16.6 bp −$17122.5 bp −$1,225doesn'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
Bybit CHIPUSDT−0.0419%4h0.04778+0.014%$10.8M$9.2M20xas long as short
ApeX Omni CHIPUSDTshort−0.0399%1h0.04761−0.342%$17K$246K50x
OKX CHIP-USDT-SWAP−0.0201%4h0.04774−0.070%$2.1M$9.8M20xas long as short
Phoenix CHIP−0.0171%1h0.04761−0.342%$3K$128K5xas long as short
Nado CHIP-PERP−0.0135%1h0.04748−0.614%$240K$18K5xas long as short
KuCoin CHIPUSDTM−0.0042%4h0.04782+0.097%$1.0M$1.2M50xas long as short
Aftermath Perps CHIPUSD−0.0007%1h0.04757−0.432%$123$36K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04761−0.348%$10K$24K10xas long as short
BloFin CHIP-USDT+0.0075%4h0.04755−0.468%$567K$91K50xas long as short
Lighter CHIP+0.0096%1h0.04784+0.139%$99K$107K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid CHIP+0.0100%1h0.04786+0.181%$14.8M$6.0M3xas long as short
Aster CHIPUSDTlong+0.0100%4h0.04777long leg$55K$272K5x
Pacifica CHIP+0.0100%1h0.04780+0.062%$16K$4K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04773−0.083%$14.3M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04784+0.139%$684K$968K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04778+0.014%$1.8M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04778+0.014%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04775−0.049%$1.9Mas long as short
Backpack CHIP_USDC_PERP+0.0100%1h0.04775−0.049%$35K$231K5xas long as short
Variational Omni CHIP+0.0100%4h0.04744−0.694%$860K$445Kas long as short
SunX CHIP-USDT+0.0100%4h0.04746−0.656%$723$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04773−0.083%$217K$1.0M5xas long as short
Coinbase International CHIP-PERP-INTX+0.0952%1h0.04797+0.401%$46K$38K50xas long as short