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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against Bitget+0.079%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$810.812% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.118%+$12 on $10k
Price spread, last 7 days+0.080%+$8 · spread now +0.079%, 7d avg +0.121%
Together, before fees+0.197%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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: Hyperliquid is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.121%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CHIPUSDT0.045750.0100pay 0.0050% / 4h2h 40m$2.0M$3.0M50x
ShortHyperliquid CHIP0.045790.0100get 0.0013% / 1h40m 13s$14.7M$6.6M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.079% → +0.121%
−$4.27
Slippage, 4 orders
−$60.22
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$85.49
Costs to cover
0.812%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 3 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, 2 min ago5.46 bp25.1 bp −$2559.7 bp −$597doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.65 bp15.1 bp −$15doesn't fitdoesn'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−0.1958%1h0.04573−0.044%$16K$233K5xas long as short
Deribit CHIP_USDC-PERPETUAL−0.0776%1h0.04577+0.042%$10K$24K10xas long as short
ApeX Omni CHIPUSDT−0.0734%1h0.04572−0.066%$14K$249K50xas long as short
Bybit CHIPUSDT−0.0421%4h0.045750.000%$10.6M$8.9M20xas long as short
Nado CHIP-PERP−0.0196%1h0.04573−0.033%$229K$18K5xas long as short
OKX CHIP-USDT-SWAP−0.0192%4h0.04573−0.044%$1.9M$9.1M20xas long as short
Phoenix CHIP−0.0173%1h0.04579+0.087%$3K$143K5xas long as short
Extended CHIP-USD−0.0104%1h0.04575−0.010%$209K$1.3M5xas long as short
Binance CHIPUSDT−0.0101%4h0.04571−0.087%$13.8M$25.7M50xas long as short
MEXC CHIP_USDT−0.0100%4h0.04571−0.087%$1.8M$1.2M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin CHIP-USDT−0.0096%4h0.04568−0.153%$545K$65K50xas long as short
Aster CHIPUSDT−0.0067%4h0.04576+0.018%$41K$228K5xas long as short
Aftermath Perps CHIPUSD+0.0020%1h0.04582+0.156%$84$39K5xas long as short
Lighter CHIP+0.0096%1h0.04574−0.022%$85K$110K3xas long as short
Hyperliquid CHIPshort+0.0100%1h0.04579+0.079%$14.7M$6.6M3x
Pacifica CHIP+0.0100%1h0.04574−0.028%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04579+0.087%$688K$898K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04578+0.066%$980K$1.0M50xas long as short
Bitget CHIPUSDTlong+0.0100%4h0.04575long leg$2.0M$3.0M50x
BingX CHIP-USDT+0.0100%4h0.04572−0.066%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04576+0.011%$835K$462Kas long as short
SunX CHIP-USDT+0.0100%4h0.04568−0.153%$832$1.0M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+3.967%$46K$41K50xas long as short