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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bitget−0.063%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$920.917% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days+0.023%+$2 · spread now −0.063%, 7d avg −0.043%
Together, before fees+0.020%+$2 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: BingX is 0.020% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CHIPUSDT0.047430.0100pay 0.0050% / 4h1m 58s$2.0M$3.4M50x
ShortBingX CHIP-USDT0.047400.0100get 0.0050% / 4h1m 58s$2.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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
Price spread: −0.063% → −0.043%
−$2.04
Slippage, 4 orders
−$69.66
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$93.69
Costs to cover
0.917%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 6 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 Bitget live order book, 1 min ago6.33 bp22.9 bp −$2372.7 bp −$727doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago4.21 bp23.0 bp −$2380.5 bp −$805doesn'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%1h0.04746+0.063%$3K$129K5xas long as short
OKX CHIP-USDT-SWAP−0.0315%4h0.04739−0.084%$2.0M$9.8M20xas long as short
ApeX Omni CHIPUSDT−0.0289%1h0.04727−0.337%$16K$244K50xas long as short
Backpack CHIP_USDC_PERP−0.0254%1h0.04745+0.042%$34K$251K5xas long as short
Bybit CHIPUSDT−0.0241%4h0.047430.000%$10.9M$9.1M20xas long as short
Nado CHIP-PERP−0.0115%1h0.04736−0.148%$240K$20K5xas long as short
Aster CHIPUSDT−0.0007%4h0.04740−0.065%$56K$279K5xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04746+0.057%$10K$24K10xas long as short
Extended CHIP-USD+0.0080%1h0.04740−0.070%$215K$1.9M5xas long as short
MEXC CHIP_USDT+0.0082%4h0.04741−0.042%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0082%4h0.04740−0.063%$14.3M$27.0M50xas long as short
Lighter CHIP+0.0096%1h0.04745+0.042%$97K$117K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04747+0.082%$14.7M$6.2M3xas long as short
Pacifica CHIP+0.0100%1h0.04740−0.055%$16K$3K3xas long as short
Gate CHIP_USDT+0.0100%4h0.04742−0.021%$687K$992K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04741−0.042%$986K$1.1M50xas long as short
Bitget CHIPUSDTlong+0.0100%4h0.04743long leg$2.0M$3.4M50x
BingX CHIP-USDTshort+0.0100%4h0.04740−0.063%$2.0M
Variational Omni CHIP+0.0100%4h0.04723−0.429%$839K$527Kas long as short
SunX CHIP-USDT+0.0100%4h0.04738−0.105%$804$1.0M10xas long as short
BloFin CHIP-USDT+0.0119%4h0.04740−0.063%$567K$65K50xas long as short
Aftermath Perps CHIPUSD+0.0132%1h0.04744+0.027%$125$38K5xas long as short
Coinbase International CHIP-PERP-INTX+0.0736%1h0.04759+0.333%$46K$41K50xas long as short