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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against BingX0.000%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$950.946% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 4 days (all we have)+0.087%+$9 · spread now 0.000%, 7d avg +0.013%
Together, before fees+0.027%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.046800.0100pay 0.0050% / 4h3h 08m$1.9M
ShortLighter CHIP0.046800.0096get 0.0012% / 1h8m 51s$87K$108K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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: 0.000% → +0.013%
−$1.26
Slippage, 4 orders
−$84.6
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$96.7
Costs to cover
0.946%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; Lighter: live order book, 46 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, 9 min ago5.38 bp22.3 bp −$2271.5 bp −$715doesn't fitdoesn't fit
Sell Lighter live order book, 46 min ago16.21 bp19.8 bp −$20117.9 bp −$1,179doesn'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−0.0749%1h0.04679−0.021%$14K$229K5xas long as short
ApeX Omni CHIPUSDT−0.0284%1h0.04673−0.150%$17K$249K50xas long as short
Phoenix CHIP−0.0172%1h0.04677−0.064%$3K$140K5xas long as short
Nado CHIP-PERP−0.0140%1h0.04676−0.075%$234K$18K5xas long as short
OKX CHIP-USDT-SWAP+0.0008%4h0.04681+0.021%$2.0M$9.1M20xas long as short
BloFin CHIP-USDT+0.0044%4h0.04672−0.171%$549K$65K50xas long as short
Lighter CHIPshort+0.0096%1h0.046800.000%$87K$108K3x
Hyperliquid CHIP+0.0100%1h0.04689+0.192%$14.7M$6.5M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04679−0.017%$49K$238K5xas long as short
Pacifica CHIP+0.0100%1h0.04684+0.075%$13K$6283xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04679−0.021%$14.1M$26.0M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04683+0.064%$10.9M$8.6M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04684+0.085%$693K$911K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04678−0.043%$1.8M$1.2M50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04683+0.064%$980K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.046800.000%$2.0M$3.2M50xas long as short
BingX CHIP-USDTlong+0.0100%4h0.04680long leg$1.9M
Variational Omni CHIP+0.0100%4h0.04677−0.070%$879K$458Kas long as short
SunX CHIP-USDT+0.0100%4h0.04675−0.107%$774$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04677−0.055%$212K$1.9M5xas long as short
Aftermath Perps CHIPUSD+0.0305%1h0.04677−0.065%$86$38K5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0647%1h0.04689+0.182%$10K$24K10xas long as short
Coinbase International CHIP-PERP-INTX+0.0928%1h0.04696+0.353%$45K$40K50xas long as short