Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0852%/8h= +93.3% APRpaid last 24h +0.246%

Price spread now: Coinbase International against Binance+0.261%7-day average — · you sell dearer than you buy

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

Long on Binance 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—needs both histories

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Coinbase International is 0.261% dearer against Binance than usual: you sell high and buy low: +$26 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	Binance CHIPUSDT	0.04784	0.0100	pay 0.0050% / 4h	1h 33m	$14.4M	$27.1M	50x
Short	Coinbase International CHIP-PERP-INTX	0.04797	0.0952	get 0.0119% / 1h	33m 50s	$46K	$38K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.261%Rate

Funding earned: $178.92
Price spread: +0.261% → 0.000%: $26.13
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $185.05
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: 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 Binance live order book, 7 min ago	1.05 bp	19.4 bp −$19	112.7 bp −$1,127	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
Bybit CHIPUSDT	−0.0419%	4h	0.04790	+0.125%	$10.8M	$9.2M	20x	as long as short
ApeX Omni CHIPUSDT	−0.0399%	1h	0.04761	−0.481%	$17K	$246K	50x	as long as short
OKX CHIP-USDT-SWAP	−0.0201%	4h	0.04784	0.000%	$2.1M	$9.8M	20x	as long as short
Phoenix CHIP	−0.0171%	1h	0.04761	−0.481%	$3K	$128K	5x	as long as short
Nado CHIP-PERP	−0.0145%	1h	0.04776	−0.167%	$242K	$18K	5x	as long as short
KuCoin CHIPUSDTM	−0.0054%	4h	0.04786	+0.042%	$1.0M	$1.1M	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0043%	1h	0.04780	−0.092%	$10K	$24K	10x	as long as short
Aftermath Perps CHIPUSD	−0.0011%	1h	0.04760	−0.494%	$123	$36K	5x	as long as short
BloFin CHIP-USDT	+0.0075%	4h	0.04755	−0.606%	$567K	$91K	50x	as long as short
Lighter CHIP	+0.0096%	1h	0.04784	0.000%	$99K	$107K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CHIP	+0.0100%	1h	0.04795	+0.219%	$14.8M	$6.0M	3x	as long as short
Aster CHIPUSDT	+0.0100%	4h	0.04785	+0.014%	$55K	$272K	5x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04780	−0.077%	$16K	$4K	3x	as long as short
Binance CHIPUSDTlong	+0.0100%	4h	0.04784	long leg	$14.4M	$27.1M	50x
Gate CHIP_USDT	+0.0100%	4h	0.04785	+0.021%	$685K	$968K	50x	as long as short
MEXC CHIP_USDT	+0.0100%	4h	0.04783	−0.021%	$1.8M	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04786	+0.042%	$2.0M	$3.5M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04787	+0.063%	—	$1.9M	—	as long as short
Backpack CHIP_USDC_PERP	+0.0100%	1h	0.04788	+0.084%	$35K	$231K	5x	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04744	−0.833%	$860K	$445K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04771	−0.272%	$722	$1.0M	10x	as long as short
Extended CHIP-USD	+0.0104%	1h	0.04782	−0.034%	$217K	$1.0M	5x	as long as short
Coinbase International CHIP-PERP-INTXshort	+0.0952%	1h	0.04797	+0.261%	$46K	$38K	50x