Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0835%/8h= +91.4% APRpaid last 24h +0.242%

Price spread now: Coinbase International against Aster+4.136%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 4.136% dearer against Aster than usual: you sell high and buy low: +$414 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CHIPUSDT	0.04662	−0.0099	get 0.0049% / 4h	49m 53s	$49K	$275K	5x
Short	Coinbase International CHIP-PERP-INTX	0.04855	0.0736	get 0.0092% / 1h	49m 53s	$47K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +4.136%Rate

Funding earned: $175.29
Price spread: +4.136% → 0.000%: $413.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $570.84
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Aster: live order book, 7 min ago; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 7 min ago	8.49 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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 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
Backpack CHIP_USDC_PERP	−0.0891%	1h	0.04665	+0.064%	$35K	$244K	5x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0671%	1h	0.04667	+0.101%	$10K	$24K	10x	as long as short
Bybit CHIPUSDT	−0.0536%	4h	0.04666	+0.086%	$10.7M	$9.0M	20x	as long as short
Phoenix CHIP	−0.0510%	1h	0.04726	+1.373%	$3K	$129K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0346%	4h	0.04660	−0.043%	$2.0M	$9.4M	20x	as long as short
ApeX Omni CHIPUSDT	−0.0199%	1h	0.04695	+0.708%	$16K	$245K	50x	as long as short
Aster CHIPUSDTlong	−0.0099%	4h	0.04662	long leg	$49K	$275K	5x
Nado CHIP-PERP	−0.0063%	1h	0.04671	+0.193%	$236K	$20K	5x	as long as short
BloFin CHIP-USDT	+0.0060%	4h	0.04669	+0.150%	$560K	$63K	50x	as long as short
Extended CHIP-USD	+0.0072%	1h	0.04654	−0.165%	$213K	$1.9M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CHIP_USDT	+0.0074%	4h	0.04657	−0.107%	$1.8M	$1.2M	50x	as long as short
Binance CHIPUSDT	+0.0076%	4h	0.04660	−0.043%	$14.1M	$26.7M	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04663	+0.021%	$86K	$107K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04668	+0.127%	$14.6M	$6.2M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04670	+0.172%	$16K	$3K	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04664	+0.043%	$677K	$950K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04661	−0.021%	$976K	$1.1M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04658	−0.086%	$2.0M	$3.3M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04660	−0.043%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04671	+0.186%	$832K	$529K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04661	−0.021%	$993	$1.0M	10x	as long as short
Aftermath Perps CHIPUSD	+0.0352%	1h	0.04702	+0.854%	$133	$38K	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0736%	1h	0.04855	+4.136%	$47K	$42K	50x