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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0174%/8h= −19.1% APRnext payment $0.87 per $10,000 · paid last 24h +0.002%
Price spread now: Aster against Binance−0.021%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1061.065% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.016%−$2 on $10k
Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.021%, 7d avg +0.057%
Together, before fees+0.100%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aster is 0.078% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CHIPUSDT0.046750.0076pay 0.0038% / 4h51m 33s$14.1M$26.7M50x
ShortAster CHIPUSDT0.04674−0.0099pay 0.0049% / 4h51m 33s$49K$275K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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
−$36.62
Price spread: −0.021% → +0.057%
−$7.83
Slippage, 4 orders
−$88.47
Fee Binance: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$150.92
Costs to cover
1.065%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; Aster: live order book, 5 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 Binance live order book, 5 min ago1.06 bp20.0 bp −$20111.9 bp −$1,119doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago8.49 bp29.4 bp −$29doesn'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
Backpack CHIP_USDC_PERP−0.0705%1h0.04682+0.150%$33K$243K5xas long as short
Bybit CHIPUSDT−0.0536%4h0.04678+0.064%$10.8M$9.0M20xas long as short
Phoenix CHIP−0.0510%1h0.04726+1.091%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0347%4h0.04676+0.021%$2.0M$9.5M20xas long as short
ApeX Omni CHIPUSDT−0.0199%1h0.04695+0.428%$16K$245K50xas long as short
Aster CHIPUSDTshort−0.0099%4h0.04674−0.021%$49K$275K5x
Nado CHIP-PERP−0.0058%1h0.04670−0.096%$236K$20K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0006%1h0.04692+0.359%$10K$24K10xas long as short
Binance CHIPUSDTlong+0.0076%4h0.04675long leg$14.1M$26.7M50x
MEXC CHIP_USDT+0.0078%4h0.04672−0.064%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended CHIP-USD+0.0080%1h0.04669−0.123%$213K$1.9M5xas long as short
Lighter CHIP+0.0096%1h0.04672−0.064%$87K$107K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04684+0.190%$14.6M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04670−0.107%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04671−0.086%$679K$949K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.046750.000%$978K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04668−0.150%$2.0M$3.3M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04671−0.086%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04729+1.149%$838K$529Kas long as short
SunX CHIP-USDT+0.0100%4h0.04683+0.171%$807$1.0M10xas long as short
BloFin CHIP-USDT+0.0125%4h0.04697+0.471%$564K$63K50xas long as short
Aftermath Perps CHIPUSD+0.0357%1h0.04708+0.708%$133$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04855+3.846%$47K$42K50xas long as short