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

CHIP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.006%
Price spread now: Binance against Extended+0.020%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1041.042% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.020%, 7d avg +0.044%
Together, before fees−0.039%+ Points / potential airdropExtended: Active · farm board−$4 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: Binance is 0.025% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended CHIP-USD0.046790.0008pay 0.0001% / 1h52m 16s$212K$1.3M5x
ShortBinance CHIPUSDT0.046800.0006get 0.0003% / 4h52m 16s$14.1M$26.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$0.45
Price spread: +0.020% → +0.044%
−$2.48
Slippage, 4 orders
−$89.16
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$107.1
Costs to cover
1.042%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Binance: live order book, 4 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 Extended live order book, 1 min ago2.99 bp30.1 bp −$30220.1 bp −$2,201doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago1.07 bp18.9 bp −$1994.6 bp −$946doesn'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−0.1281%1h0.04681+0.041%$15K$234K5xas long as short
Nado CHIP-PERP−0.0215%1h0.04684+0.116%$234K$18K5xas long as short
Phoenix CHIP−0.0173%1h0.04670−0.194%$3K$140K5xas long as short
Aftermath Perps CHIPUSD−0.0128%1h0.04661−0.387%$110$39K5xas long as short
OKX CHIP-USDT-SWAP−0.0092%4h0.04677−0.045%$1.9M$9.3M20xas long as short
Deribit CHIP_USDC-PERPETUAL0.0000%1h0.04686+0.152%$10K$25K10xas long as short
MEXC CHIP_USDT+0.0004%4h0.04679−0.002%$1.8M$1.1M50xas long as short
Binance CHIPUSDTshort+0.0006%4h0.04680+0.020%$14.1M$26.1M50x
Extended CHIP-USDlong+0.0008%1h0.04679long leg$212K$1.3M5x
BloFin CHIP-USDT+0.0011%4h0.04672−0.151%$542K$69K50xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit CHIPUSDT+0.0076%4h0.04684+0.105%$10.9M$9.0M20xas long as short
Lighter CHIP+0.0096%1h0.04685+0.126%$87K$108K3xas long as short
Hyperliquid CHIP+0.0100%1h0.04687+0.178%$14.7M$6.7M3xas long as short
Aster CHIPUSDT+0.0100%4h0.04682+0.059%$51K$236K5xas long as short
Pacifica CHIP+0.0100%1h0.04690+0.233%$13K$6283xas long as short
Gate CHIP_USDT+0.0100%4h0.04683+0.084%$693K$909K50xas long as short
KuCoin CHIPUSDTM+0.0100%4h0.04681+0.041%$993K$1.1M50xas long as short
Bitget CHIPUSDT+0.0100%4h0.04680+0.020%$2.0M$3.2M50xas long as short
BingX CHIP-USDT+0.0100%4h0.04678−0.023%$1.9Mas long as short
Variational Omni CHIP+0.0100%4h0.04676−0.069%$860K$453Kas long as short
ApeX Omni CHIPUSDT+0.0100%1h0.04670−0.194%$14K$247K50xas long as short
SunX CHIP-USDT+0.0100%4h0.04684+0.105%$744$1.1M10xas long as short
Coinbase International CHIP-PERP-INTX+0.0840%1h0.04704+0.539%$45K$40K50xas long as short