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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%
Price spread now: Extended against BingX+0.004%7-day average −0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1181.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$2 on $10k
Price spread, last 7 days−0.179%−$18 · spread now +0.004%, 7d avg −0.091%
Together, before fees−0.195%+ Points / potential airdropExtended: Active · farm board−$19 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: Extended is 0.095% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.047220.0100pay 0.0050% / 4h3h 57m$2.0M
ShortExtended CHIP-USD0.047220.0096get 0.0012% / 1h57m 54s$215K$1.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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
−$0.84
Price spread: +0.004% → −0.091%
$9.51
Slippage, 4 orders
−$103.07
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$109.4
Costs to cover
1.181%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 1 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 BingX live order book, 10 min ago4.21 bp22.3 bp −$2276.2 bp −$762doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago3.82 bp32.4 bp −$32234.5 bp −$2,345doesn'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
Phoenix CHIP−0.0510%1h0.04745+0.487%$3K$128K5xas long as short
OKX CHIP-USDT-SWAP−0.0312%4h0.04718−0.085%$2.0M$9.7M20xas long as short
ApeX Omni CHIPUSDT−0.0291%1h0.04743+0.445%$16K$244K50xas long as short
Gate CHIP_USDT−0.0232%4h0.04725+0.064%$684K$978K50xas long as short
Backpack CHIP_USDC_PERP−0.0036%1h0.04729+0.148%$34K$251K5xas long as short
Nado CHIP-PERP−0.0027%1h0.04721−0.021%$239K$20K5xas long as short
Aster CHIPUSDT+0.0003%4h0.04728+0.129%$56K$279K5xas long as short
BloFin CHIP-USDT+0.0054%4h0.047220.000%$567K$65K50xas long as short
MEXC CHIP_USDT+0.0090%4h0.04725+0.064%$1.8M$1.2M50xas long as short
Binance CHIPUSDT+0.0093%4h0.04724+0.046%$14.3M$27.0M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CHIP+0.0096%1h0.04725+0.064%$97K$114K3xas long as short
Extended CHIP-USDshort+0.0096%1h0.04722+0.004%$215K$1.9M5x
Hyperliquid CHIP+0.0100%1h0.04730+0.178%$14.7M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04727+0.095%$16K$3K3xas long as short
Bybit CHIPUSDT+0.0100%4h0.047220.000%$10.8M$9.0M20xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04726+0.085%$977K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04719−0.064%$2.0M$3.4M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04722long leg$2.0M
Variational Omni CHIP+0.0100%4h0.04751+0.618%$844K$527Kas long as short
SunX CHIP-USDT+0.0100%4h0.04721−0.021%$770$1.0M10xas long as short
Aftermath Perps CHIPUSD+0.0129%1h0.04741+0.394%$100$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0173%1h0.04729+0.142%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0744%1h0.04765+0.911%$46K$41K50xas long as short