Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.112%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Pacifica

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 · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.112% cheaper against Aster than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.2 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CHIPUSDT	0.04585	−0.0073	get 0.0036% / 4h	2h 47m	$41K	$226K	5x
Short	Pacifica CHIP	0.04580	0.0100	get 0.0013% / 1h	47m 40s	$13K	$628	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.112%Rate

Funding earned: $36.23
Price spread: −0.112% → 0.000%: −$11.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $9.06
Costs to cover: 0.160%
Break-even: 5.2 days

Slippage unknown: Aster: live order book, 38 min ago; Pacifica: 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, 38 min ago	7.51 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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	−0.2121%	1h	0.04583	−0.046%	$16K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.1045%	1h	0.04582	−0.068%	$14K	$248K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0447%	1h	0.04585	+0.006%	$10K	$24K	10x	as long as short
Bybit CHIPUSDT	−0.0446%	4h	0.04582	−0.068%	$10.7M	$8.9M	20x	as long as short
Nado CHIP-PERP	−0.0180%	1h	0.04581	−0.090%	$229K	$18K	5x	as long as short
OKX CHIP-USDT-SWAP	−0.0176%	4h	0.04577	−0.177%	$1.9M	$9.1M	20x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04583	−0.046%	$3K	$143K	5x	as long as short
BloFin CHIP-USDT	−0.0135%	4h	0.04578	−0.155%	$547K	$66K	50x	as long as short
Extended CHIP-USD	−0.0088%	1h	0.04576	−0.207%	$209K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0085%	4h	0.04577	−0.177%	$13.8M	$25.6M	50x	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	−0.0084%	4h	0.04577	−0.177%	$1.8M	$1.2M	50x	as long as short
Aster CHIPUSDTlong	−0.0073%	4h	0.04585	long leg	$41K	$226K	5x
Aftermath Perps CHIPUSD	+0.0055%	1h	0.04597	+0.257%	$144	$39K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04580	−0.112%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04586	+0.021%	$14.7M	$6.6M	3x	as long as short
Pacifica CHIPshort	+0.0100%	1h	0.04580	−0.112%	$13K	$628	3x
Gate CHIP_USDT	+0.0100%	4h	0.04581	−0.090%	$688K	$898K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04580	−0.112%	$988K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04581	−0.090%	$1.9M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04575	−0.221%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04585	−0.002%	$836K	$463K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04579	−0.134%	$577	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTX	+0.0816%	1h	0.04757	+3.738%	$46K	$41K	50x	as long as short