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

CHIP

all CHIP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0228%/8h= −24.9% APRnext payment $0.28 per $10,000 · paid last 24h −0.140%
Price spread now: ApeX Omni against Deribit−0.030%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 5 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 −$7 a day on $10k at the current rate, and ApeX Omni is 0.030% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit CHIP_USDC-PERPETUAL0.04590−0.0425get 0.0053% / 1h8m 43s$10K$24K10x
ShortApeX Omni CHIPUSDT0.04589−0.0652pay 0.0082% / 1h8m 43s$14K$248K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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
−$47.8
Price spread: −0.030% → 0.000%
−$3.05
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$67.85
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 13 min ago. 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 Deribit no order-book sample
Sell ApeX Omni live order book, 13 min ago6.52 bp17.8 bp −$18127.8 bp −$1,278doesn't fitdoesn't fit
Deribit: 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
ApeX Omni CHIPUSDTshort−0.0652%1h0.04589−0.030%$14K$248K50x
Backpack CHIP_USDC_PERP−0.0626%1h0.04587−0.074%$16K$234K5xas long as short
Deribit CHIP_USDC-PERPETUALlong−0.0425%1h0.04590long leg$10K$24K10x
Bybit CHIPUSDT−0.0372%4h0.04589−0.030%$10.7M$8.9M20xas long as short
OKX CHIP-USDT-SWAP−0.0274%4h0.04589−0.030%$1.9M$9.1M20xas long as short
BloFin CHIP-USDT−0.0176%4h0.04583−0.161%$544K$66K50xas long as short
Phoenix CHIP−0.0173%1h0.04589−0.030%$3K$143K5xas long as short
Nado CHIP-PERP−0.0171%1h0.04589−0.020%$230K$18K5xas long as short
Extended CHIP-USD−0.0120%1h0.04588−0.062%$209K$1.3M5xas long as short
Binance CHIPUSDT−0.0118%4h0.04584−0.133%$13.8M$25.7M50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CHIP_USDT−0.0118%4h0.04585−0.118%$1.8M$1.2M50xas long as short
Aftermath Perps CHIPUSD−0.0074%1h0.04597+0.142%$116$39K5xas long as short
Aster CHIPUSDT0.0000%4h0.04594+0.070%$45K$227K5xas long as short
Lighter CHIP+0.0096%1h0.04588−0.052%$85K$110K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04595+0.107%$14.8M$6.4M3xas long as short
Pacifica CHIP+0.0100%1h0.04590−0.009%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04590−0.009%$680K$903K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04590−0.009%$981K$1.0M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04593+0.057%$2.0M$3.0M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04587−0.074%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.045900.000%$837K$462Kas long as short
SunX CHIP-USDT+0.0100%4h0.04585−0.118%$1K$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0816%1h0.04757+3.618%$46K$41K50xas long as short