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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0935%/8h= −102.4% APRnext payment $1.17 per $10,000 · paid last 24h −0.201%
Price spread now: Aftermath Perps against Coinbase International−0.478%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Aftermath Perps is 0.478% cheaper against Coinbase International than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International CHIP-PERP-INTX0.048150.0896pay 0.0112% / 1h58m 07s$46K$37K50x
ShortAftermath Perps CHIPUSD0.04792−0.0039pay 0.0005% / 1h58m 07s$57$35K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Coinbase International. 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
−$196.38
Price spread: −0.478% → 0.000%
−$47.84
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$263.22
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Aftermath Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Aftermath Perps no order-book sample
Coinbase International and Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0335%1h0.04782−0.681%$3K$121K5xas long as short
ApeX Omni CHIPUSDT−0.0255%1h0.04780−0.723%$17K$247K50xas long as short
OKX CHIP-USDT-SWAP−0.0062%4h0.04791−0.494%$2.2M$9.5M20xas long as short
KuCoin CHIPUSDTM−0.0044%4h0.04794−0.432%$997K$1.1M50xas long as short
Aftermath Perps CHIPUSDshort−0.0039%1h0.04792−0.478%$57$35K5x
BloFin CHIP-USDT+0.0089%4h0.04798−0.349%$578K$100K50xas long as short
Lighter CHIP+0.0096%1h0.04795−0.411%$100K$106K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04798−0.339%$14.8M$5.9M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04794−0.435%$49K$275K5xas long as short
Pacifica CHIP+0.0100%1h0.04799−0.336%$16K$4K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance CHIPUSDT+0.0100%4h0.04790−0.507%$14.4M$26.8M50xas long as short
Bybit CHIPUSDT+0.0100%4h0.04795−0.411%$10.9M$8.9M20xas long as short
Gate CHIP_USDT+0.0100%4h0.04795−0.411%$680K$967K50xas long as short
MEXC CHIP_USDT+0.0100%4h0.04790−0.515%$1.9M$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04793−0.453%$2.0M$3.4M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04790−0.515%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04791−0.497%$923K$472Kas long as short
SunX CHIP-USDT+0.0100%4h0.04796−0.390%$572$1.0M10xas long as short
Extended CHIP-USD+0.0104%1h0.04787−0.572%$217K$1.9M5xas long as short
Deribit CHIP_USDC-PERPETUAL+0.0230%1h0.04797−0.361%$10K$23K10xas long as short
Nado CHIP-PERP+0.0382%1h0.04788−0.546%$242K$18K5xas long as short
Coinbase International CHIP-PERP-INTXlong+0.0896%1h0.04815long leg$46K$37K50x
Backpack CHIP_USDC_PERP+0.1054%1h0.04795−0.411%$26K$212K5xas long as short