Funding arb · Price arb /

CHIP

all CHIP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0891%/8h= −97.5% APRpaid last 24h −0.242%

Price spread now: BloFin against Coinbase International−3.585%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 BloFin

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—needs both histories

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and BloFin is 3.585% cheaper against Coinbase International than usual: you would sell low and buy high (−$358 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	10m 39s	$46K	$41K	50x
Short	BloFin CHIP-USDT	0.04586	−0.0075	pay 0.0037% / 4h	2h 10m	$492K	$66K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −3.585%Rate

Funding earned: −$187.03
Price spread: −3.585% → 0.000%: −$358.46
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$567.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 10 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 BloFin live order book, 10 min ago	3.26 bp	12.2 bp −$12	31.4 bp −$314	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	−0.0590%	1h	0.04587	−3.564%	$16K	$234K	5x	as long as short
ApeX Omni CHIPUSDT	−0.0588%	1h	0.04601	−3.269%	$14K	$248K	50x	as long as short
Deribit CHIP_USDC-PERPETUAL	−0.0534%	1h	0.04590	−3.507%	$10K	$24K	10x	as long as short
Bybit CHIPUSDT	−0.0351%	4h	0.04591	−3.479%	$10.7M	$8.9M	20x	as long as short
OKX CHIP-USDT-SWAP	−0.0260%	4h	0.04586	−3.585%	$1.9M	$9.1M	20x	as long as short
Nado CHIP-PERP	−0.0175%	1h	0.04587	−3.574%	$230K	$18K	5x	as long as short
Phoenix CHIP	−0.0173%	1h	0.04600	−3.290%	$3K	$143K	5x	as long as short
Extended CHIP-USD	−0.0120%	1h	0.04586	−3.586%	$209K	$1.3M	5x	as long as short
Binance CHIPUSDT	−0.0120%	4h	0.04587	−3.564%	$13.8M	$25.7M	50x	as long as short
MEXC CHIP_USDT	−0.0116%	4h	0.04588	−3.543%	$1.8M	$1.2M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CHIPUSD	−0.0087%	1h	0.04599	−3.306%	$85	$39K	5x	as long as short
BloFin CHIP-USDTshort	−0.0075%	4h	0.04586	−3.585%	$492K	$66K	50x
Aster CHIPUSDT	−0.0008%	4h	0.04587	−3.561%	$44K	$226K	5x	as long as short
Lighter CHIP	+0.0096%	1h	0.04589	−3.521%	$85K	$110K	3x	as long as short
Hyperliquid CHIP	+0.0100%	1h	0.04595	−3.391%	$14.8M	$6.5M	3x	as long as short
Pacifica CHIP	+0.0100%	1h	0.04590	−3.500%	$13K	$628	3x	as long as short
Gate CHIP_USDT	+0.0100%	4h	0.04590	−3.500%	$680K	$903K	50x	as long as short
KuCoin CHIPUSDTM	+0.0100%	4h	0.04588	−3.543%	$980K	$1.0M	50x	as long as short
Bitget CHIPUSDT	+0.0100%	4h	0.04590	−3.500%	$2.0M	$3.0M	50x	as long as short
BingX CHIP-USDT	+0.0100%	4h	0.04588	−3.543%	—	$1.9M	—	as long as short
Variational Omni CHIP	+0.0100%	4h	0.04601	−3.263%	$839K	$462K	—	as long as short
SunX CHIP-USDT	+0.0100%	4h	0.04584	−3.627%	$810	$1.0M	10x	as long as short
Coinbase International CHIP-PERP-INTXlong	+0.0816%	1h	0.04757	long leg	$46K	$41K	50x