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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against Aster−0.010%7-day average +0.145% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$930.933% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.156%+$16 on $10k
Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.010%, 7d avg +0.145%
Together, before fees+0.296%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.155% cheaper against Aster than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.145%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CHIPUSDT0.046430.0100pay 0.0050% / 4h2h 39m$55K$279K5x
ShortHyperliquid CHIP0.046430.0100get 0.0013% / 1h39m 23s$14.4M$6.1M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: −0.010% → +0.145%
−$15.52
Slippage, 4 orders
−$76.27
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$108.79
Costs to cover
0.933%
Break-even
never at this rate
Slippage from Aster: live order book, 7 min ago; Hyperliquid: live order book, 3 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 ago6.44 bp34.1 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago2.24 bp19.0 bp −$19doesn'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
Bybit CHIPUSDT−0.0533%4h0.04642−0.025%$10.5M$9.1M20xas long as short
ApeX Omni CHIPUSDT−0.0338%1h0.04657+0.298%$16K$246K50xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0310%1h0.04641−0.047%$9K$24K10xas long as short
OKX CHIP-USDT-SWAP−0.0244%4h0.04634−0.198%$2.0M$9.5M20xas long as short
Phoenix CHIP−0.0171%1h0.04630−0.284%$3K$129K5xas long as short
Nado CHIP-PERP−0.0043%1h0.04634−0.208%$235K$18K5xas long as short
KuCoin CHIPUSDTM+0.0046%4h0.04636−0.155%$970K$1.1M50xas long as short
Lighter CHIP+0.0096%1h0.04629−0.305%$96K$113K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04643−0.010%$14.4M$6.1M3x
Aster CHIPUSDTlong+0.0100%4h0.04643long leg$55K$279K5x
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica CHIP+0.0100%1h0.04634−0.187%$16K$3K3xas long as short
Binance CHIPUSDT+0.0100%4h0.04638−0.119%$14.0M$27.1M50xas long as short
Gate CHIP_USDT+0.0100%4h0.04634−0.198%$662K$966K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04638−0.112%$1.7M$1.2M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04637−0.133%$1.9M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04637−0.133%$2.0Mas long as short
Variational Omni CHIP+0.0100%4h0.04656+0.270%$821K$481Kas long as short
SunX CHIP-USDT+0.0100%4h0.04636−0.155%$662$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04634−0.202%$211K$1.0M5xas long as short
BloFin CHIP-USDT+0.0140%4h0.04659+0.341%$557K$64K50xas long as short
Aftermath Perps CHIPUSD+0.0158%1h0.04662+0.396%$140$37K5xas long as short
Backpack CHIP_USDC_PERP+0.0192%1h0.04638−0.112%$34K$233K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0848%1h0.04717+1.594%$45K$37K50xas long as short