data as of
Settings8H · net · $10k
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Price arb /

CHIP

all CHIP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$117
spread now−0.263%7d average−0.027%fees + slippage, in and out−$93spread needed0.931%
Long on BingXShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CHIP-USDT0.045690.0100pay 0.0050% / 4h1h 17m—$1.9M—
ShortPhoenix CHIP0.04557−0.0177pay 0.0022% / 1h17m 03s$3K$146K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$26.26
Funding while held
−$8.3
Slippage, 4 orders
−$76.15
Fee BingX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$127.71
Spread needed to break even
0.931%
Slippage from BingX: live order book, 7 min ago; Phoenix: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0277%
Per $10,000 a day
−$8.30
Average in range /8h
—

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, 7 min ago5.50 bp17.8 bp −$1851.5 bp −$515doesn't fitdoesn't fit
Sell Phoenix live order book, 3 min ago4.39 bp26.7 bp −$2771.4 bp −$714doesn't fitdoesn't fit

CHIP price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.04544cheapest
Phoenix0.04557+0.294%
ApeX Omni0.04559+0.338%Aftermath Perps0.04560+0.368%BloFin0.04562+0.404%SunX0.04565+0.470%Binance0.04567+0.514%Gate0.04567+0.514%MEXC0.04567+0.514%Nado0.04567+0.514%Pacifica0.04567+0.520%KuCoin0.04568+0.536%Backpack0.04568+0.536%Extended0.04569+0.554%Bitget0.04569+0.558%
BingX0.04569+0.558%
Lighter0.04570+0.580%Bybit0.04570+0.580%Aster0.04571+0.594%OKX0.04572+0.624%Deribit0.04572+0.626%Hyperliquid0.04579+0.769%Coinbase International0.04592+1.064%

CHIP on 23 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni CHIP−0.555%+0.0100%4h$869K$381K—as long as short
Phoenix CHIPshort−0.263%−0.0177%1h$3K$146K5x
ApeX Omni CHIPUSDT−0.219%−0.0084%1h$13K$249K50xas long as short
Aftermath Perps CHIPUSD−0.189%+0.0069%1h$155$40K5xas long as short
BloFin CHIP-USDT−0.153%+0.0059%4h$555K$91K50xas long as short
SunX CHIP-USDT−0.088%+0.0100%4h$887$1.0M10xas long as short
Binance CHIPUSDT−0.044%+0.0100%4h$14.0M$24.9M50xas long as short
Gate CHIP_USDT−0.044%+0.0100%4h$684K$867K50xas long as short
MEXC CHIP_USDT−0.044%+0.0100%4h$1.8M$1.3M50xas long as short
Nado CHIP-PERP−0.044%−0.0123%1h$229K$18K5xas long as short
Show all 23 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica CHIP−0.037%+0.0100%1h$13K$8123xas long as short
KuCoin CHIPUSDTM−0.022%+0.0100%4h$987K$1.2M50xas long as short
Backpack CHIP_USDC_PERP−0.022%−0.1175%1h$18K$234K5xas long as short
Extended CHIP-USD−0.004%+0.0104%1h$207K$1.3M5xas long as short
Bitget CHIPUSDT0.000%+0.0100%4h$2.0M$2.9M50xas long as short
BingX CHIP-USDTlong0.000%+0.0100%4h—$1.9M—
Lighter CHIP+0.022%+0.0096%1h$85K$111K3xas long as short
Bybit CHIPUSDT+0.022%+0.0100%4h$10.7M$8.8M20xas long as short
Aster CHIPUSDT+0.036%+0.0100%4h$39K$216K5xas long as short
OKX CHIP-USDT-SWAP+0.066%+0.0026%4h$1.9M$9.0M20xas long as short
Deribit CHIP_USDC-PERPETUAL+0.068%0.0000%1h$10K$24K10xas long as short
Hyperliquid CHIP+0.210%+0.0100%1h$14.6M$6.6M3xas long as short
Coinbase International CHIP-PERP-INTX+0.503%+0.0920%1h$45K$39K50xas long as short