Funding arb · Price arb /

CHIP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0869%/8h= −95.1% APRpaid last 24h −0.244%

Price spread now: Aster against Coinbase International−3.444%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Aster is 3.444% cheaper against Coinbase International than usual: you would sell low and buy high (−$344 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CHIP-PERP-INTX	0.04757	0.0816	pay 0.0102% / 1h	32m 37s	$46K	$41K	50x
Short	Aster CHIPUSDT	0.04593	−0.0053	pay 0.0026% / 4h	2h 32m	$43K	$229K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −3.444%Rate

Funding earned: −$182.42
Price spread: −3.444% → 0.000%: −$344.43
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$544.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 53 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 53 min ago	7.51 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CHIP_USDC_PERP	−0.1630%	1h	0.04586	−3.585%	$16K	$233K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0721%	1h	0.04577	−3.774%	$14K	$249K	50x	as long as short
Bybit CHIPUSDT	−0.0392%	4h	0.04595	−3.395%	$10.7M	$8.9M	20x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0251%	1h	0.04591	−3.490%	$10K	$24K	10x	as long as short
OKX CHIP-USDT-SWAP	−0.0199%	4h	0.04592	−3.458%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0186%	1h	0.04589	−3.521%	$230K	$18K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04587	−3.564%	$3K	$143K	5x	as long as short
BloFin CHIP-USDT	−0.0171%	4h	0.04586	−3.585%	$544K	$66K	50x	as long as short
Binance CHIPUSDT	−0.0116%	4h	0.04588	−3.538%	$13.8M	$25.7M	50x	as long as short
Extended CHIP-USD	−0.0112%	1h	0.04591	−3.480%	$209K	$1.3M	5x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CHIP_USDT	−0.0110%	4h	0.04589	−3.521%	$1.8M	$1.2M	50x	as long as short
Aster CHIPUSDTshort	−0.0053%	4h	0.04593	−3.444%	$43K	$229K	5x
Aftermath Perps CHIPUSD	−0.0015%	1h	0.04583	−3.641%	$130	$39K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04592	−3.458%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04597	−3.347%	$14.8M	$6.6M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04593	−3.448%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04591	−3.479%	$690K	$899K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04593	−3.437%	$985K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04594	−3.416%	$2.0M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04590	−3.500%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04575	−3.809%	$834K	$462K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04583	−3.648%	$790	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0816%	1h	0.04757	long leg	$46K	$41K	50x